Takashimaya's department stores posted a 9.7% year-on-year rise in same-store counter sales for July, with tax-free sales to overseas visitors climbing 26.2%. On an all-store basis, which includes the effect of store openings and closures, counter sales rose 8.3% and sales excluding duty-free rose 6.2%.
The duty-free jump came from two sources moving together: tax-free transaction counts from foreign visitors rose 7.6% from a year earlier, and average spending per transaction rose 17.4%. Domestic shoppers also spent more, on luxury brands, other high-price goods, full-price summer clothing and food, all ahead of last year's totals. Takashimaya said inbound demand for high-price items, cosmetics and sports goods pushed up overall counter sales as well.
Two smaller units lagged. Corporate sales fell short of last year because July 2025 included a large bulk order that did not repeat. The mainstay catalogue line inside Takashimaya's cross-media business also declined on what the company called one-time factors, even as its online sales held steady [c4].
The retailer's early read on August, covering the month through August 16, shows the tourist-spending boom losing momentum. Duty-free sales growth slowed to 10.9% from July's 26.2%, and the number of tax-free transactions fell 6.6% from a year earlier even as average spending per transaction accelerated further, to 18.8% [c4]. Same-store counter sales excluding duty-free held close to July's pace, at 7.3% against 7.7%.
The figures come from Takashimaya's monthly operating report and are an operational snapshot rather than updated earnings guidance; the company has not attached a revised full-year forecast to these numbers.