J. Front Retailing reports mixed sales performance in March

J. Front Retailing (TSE:3086) reported a consolidated sales revenue increase of 0.9% for March, and 0.6% for the cumulative upper half, according to IFRS standards. Department store sales experienced a 0.6% decrease, impacted by clothing sales affected by weather and luxury brand sales decrease, despite strong performance in cosmetics. SC business, however, increased 3.4%, with notable gains at Shinsaibashi PARCO (22.0%) and Sapporo PARCO (17.9%) thanks to inbound tourism and store renovations. 免税売上高 for 大丸松坂屋百貨店 decreased 4% while domestic sales decreased 0.7%. The company also noted that PARCO's tenant sales increased by 5.5%, with雑貨 leading the charge. The report also noted a decrease in sales for JFR Card. 松本PARCO closed its doors at the end of February.