Department Store Survey
– published on Nikkei, Nikkei MJ

Domestic department store sales in FY2022 increased 15.5% from the previous year to 5,120.5 billion yen, the second consecutive year of sales growth, driven by high spending by direct sales customers in their 40s and under. It recovered to approximately 90% level of pre-COVID FY2019 state. Isetan Shinjuku Main Store ranked first in net sales with a 29% increase to 327.6 billion yen, followed by Hankyu Main Store in Osaka with a 30% increase to 261 billion yen.