Department store sales increased 14% in February, and tax exemptions increased 2.7 times as a result of the depreciation of yen

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Department store sales increased 14% in February, and tax exemptions increased 2.7 times as a result of the depreciation of yen

The Japan Department Stores Association (Tokyo, Chuo) announced on February 25 that the sales of Japanese department stores in February amounted to 4329 billion yen, an increase of 14.0% year-on-year on the basis of existing stores.In a 24-month consecutive increase, sales increased by 6.3% year-on-year, compared to 2019, before the new cholera outbreak.The tax-free sales amounted to 469 billion yen, 2.7 times higher than the previous year, maki…