NewKerala.com

Japan supermarket sales drop for first time in 8 months

IANS

Tokyo, March 24

Supermarket sales in Japan fell for the first time in eight months in February as food prices continue to soar, according to the latest industry data.

According to the Japan Chain Stores Association, sales at major stores across the country totaled about 1 trillion yen ($7 billion) last month, down 2 per cent in yen terms from the previous year, reports Xinhua news agency.

Food sales, accounting for nearly 70 per cent of the total, fell 1.7 per cent, the association said, while sales of clothing and cosmetics rose as people went out more as the Covid-19 pandemic subsides.

Officials at the association said that consumers are buying less per shopping trip as they are becoming more cost-conscious and thrifty amid rising food prices.

Disclaimer: This story was supplied by an external content provider; we do not endorse or accept responsibility for its accuracy, completeness, or any outcomes from relying on it. It is for informational purposes only and does not constitute legal, financial, medical, or other professional advice. Laws and regulations vary and may change; readers should verify accuracy and compliance with local requirements and consult a qualified professional for tailored guidance.

Share this article:

You May Like!