Japanese Supermarket Store Sales Down for Ninth Straight Month
Japan's Chain Store Association reported that in September sales at the the nation's supermarkets fell 1.9% from a year earlier, the ninth straight monthly decline. In a nice bit of timing, NPR had a story today about "100 yen stores," which account for about $8.5 billion a year in sales. It would be interesting to know how much of the drop in supermarket store revenue is due to the rise of Japan's dollar shops.