SHOPPERS & RETAILING IN JAPAN 2021
Total retail sales index contracted year-on-year to 13.9% in April 2020, the month when the first state of emergency was issued. This big shortfall continued for 2 months, after which retail sales indicated a recovery from June 2020 onwards.
MORE HIGHLIGHTS (JAPAN 2021)
Households spent significantly more on most food categories in 2020 compared to the previous year except for a few categories such as Meals Outside the Home, Candy, Packed Lunch, Fruit and Vegetable Juice, Mineral Water and Sports Drink.
HIGHLIGHTS FROM OTHER COUNTRIES
The sharpest declines in retail sales in 2020 occurred in the category specialist channels and also in the Department Store channel that had long been a driver of growth in Singapore’s retail market. The Supermarket channel, on the other hand, experienced an unprecedented increase in sales.
In April 2020, retail sales in the Department Store/Supermarket/General Store channel declined significantly by minus 21.7% year-on-year. The channel recovered to minus 9.3% in May as restrictions were eased, and the rate of decline lessened since then.
Reflecting on the health of the retail market growth in recent years, the retail sales indices for January and February 2020 were 6.7% year-on-year and 6.3% year-on-year respectively. However, the retail sales index declined by minus 6.6% in March when the first MCO was issued. When the RMCO was issued in June, the retail sales index showed a recovery trend of minus 9.2%.
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