×
83 443
Fashion Jobs
BANANA REPUBLIC
General Manager - Twelve Oaks
Permanent · Novi
COTY
National Account Manager, Sally Hansen, Rimmel & Fragrance Kroger
Permanent · Cincinnati
TAPESTRY
Specialist, Business Solutions
Permanent · North Bergen
TAPESTRY
Director, Business Transformation
Permanent · New York
SALLY BEAUTY CORPORATE
sr Warehouse Supervisor - Inventory Control
Permanent · Justin
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · Hendersonville
NORDSTROM INC
Asset Protection - Security Ambassador - Northgate Rack
Permanent · Seattle
NORDSTROM
Asset Protection Agent - Serramonte Center Rack
Permanent · Daly City
NORDSTROM INC
Inventory Control Specialist - Streets at Southpoint
Permanent · Durham
NORDSTROM
Asset Protection - Agent - Gateway Rack
Permanent · Austin
NORDSTROM
Asset Protection - Security Ambassador - Woodfield Shopping Center
Permanent · Schaumburg
GAP INC
Asset Protection Service Representative
Permanent · Chicago
GAP INC
Asset Protection Lead
Permanent · Chicago
GAP INC
sr. Manager, Asset Protection
Permanent · Houston
GAP INC
Vice President, Operations Strategy (us - Remote)
Permanent · Chicago
GAP INC
Vice President, Operations Strategy (us - Remote)
Permanent · New York
GAP INC
Vice President, Operations Strategy (us - Remote)
Permanent · Chattanooga
GAP INC
Vice President, Operations Strategy (us - Remote)
Permanent · Atlanta
GAP INC
Vice President, Operations Strategy (us - Remote)
Permanent · Tulalip Bay
GAP INC
Vice President, Operations Strategy (us - Remote)
Permanent · San Francisco
GAP INC
Vice President, Operations Strategy (us - Remote)
Permanent · Groveport
GAP INC
Vice President, Operations Strategy (us - Remote)
Permanent · Cambridge
By
Reuters API
Published
Mar 30, 2021
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Japan's retail sales fall for third straight month

By
Reuters API
Published
Mar 30, 2021

Japanese retail sales fell for the third straight month in February as households kept a lid on expenditure amid the coronavirus emergency, underscoring the fragile nature of the economy's recovery from last year's slump.




Analysts expect Japan's economy sharply contracted in the first quarter, as lacklustre consumer spending and weakening exports create challenges for policymakers who have already rolled out massive stimulus.

Retail sales lost 1.5% in February from a year earlier, government data showed on Tuesday, a smaller fall than the median market forecast for a 2.8% drop.

But it marked the third straight month of declines following January's 2.4% fall and a 0.2% drop in December.

"That the coronavirus isn't subsiding is a major reason to worry about a delay of an economic recovery," said Atsushi Takeda, chief economist at Itochu Economic Research Institute.

"Clothes aren't selling because people aren't going out," he said. "People are not really returning to commercial facilities, the trend is for them to go shopping at supermarkets in their neighbourhoods."

The broader decline in retail sales was driven by falls in spending on items such as clothing, toiletries and general merchandise, the data showed.

Compared with the previous month, retail sales rose 3.1% on a seasonally adjusted basis.

Separate data showed the nationwide seasonally adjusted unemployment rate was steady at 2.9%, lower than the median forecast of 3.0%.

There were 1.09 jobs per applicant in February, down from the previous month's 1.10, labour ministry data showed.

The world's third-largest economy is set to contract by an annualised 6.0% in the current quarter, which would be the first decline in three quarters partly due to sagging consumer spending, according to the latest Reuters poll data.

Some analysts are worried that a longer contraction in household spending and weakening exports raise the prospect of a slower economic recovery than initially thought.
 

© Thomson Reuters 2021 All rights reserved.

Tags :
Others
Industry