Retail in Asia

In Markets

Aug supermarket sales in Japan down for fifth month after tax hike

Supermarket sales in Japan fell 0.1 percent in August from a year earlier on a same-store basis, declining for the fifth consecutive month following the April consumption tax hike, an industry body said Monday.

Sales at 9,242 stores operated by 60 supermarket chains totalled JPY1.09 trillion (USD10.04 billion), according to the Japan Chain Stores Association.