Sales SC Down 2.5% This February
Estimated Total SC Sales Figure Totals 1,841.3 Billion Yen
(Down 2.4% Compared with Same Month Previous Year)
The total sales figure for this February realized by existing shopping centers (SC) remained 2.5% lower than the figure for the corresponding month of the previous year, thereby remaining negative for an eighteenth consecutive month, although the negative margin managed a 2.8 point improvement over the previous month.
In the face of persistent low consumer demand and lower per-customer expenditure due to the economic recession, the fact that sales of spring clothing picked up with rising temperatures toward the end of February in addition to surprising reports of favorable foodstuffs and sundries sales, hinted at an overall recovery. Some SC, moreover saw their sales increase as a result of SC renewal.
However, to regard the situation optimistically would be premature as the sales decrease resulting from vacancies remained serious and both withdrawals of anchor tenants and reduced sales space continued to be prominent in central areas.
Analysis based on sales results of SC by location, reveals a -0.9% sales result in suburban areas with sales of tenants showing a remarkable -0.2% improvement. In central areas, large cities showed signs of improvement over last month although the situation in medium-sized cities (-5.2%) and small cities (-5.8%) remained severe. Especially sales of anchor tenants in medium-sized cities (-8.9%) declined further against previous month, the main cause being withdrawals of anchor tenants and contraction of sales space.
Analysis based on SC sales results by region, reveals a 2.0% positive figure for the Hokkaido region with a particularly good sales result of 8.0% in the central region (Sapporo city).
Also SC sales figures in suburban areas of Western Japan (Kinki, Chugoku, Shikoku and Kyushu・Okinawa ) turned positive again showing the first signs of recovery.
Analysis based on results of cities designated by government ordinance, reveals that SC sales in Sapporo (2.9%), Fukuoka (2.9%) and Kobe (0.9%) were positive. However, other cities remained at a negative sales level, showing remarkably unfavorable results for anchor tenants overall.
＊This survey has been compiled from information obtained after sampling 1,000 SC according to location and size from among 2,877 SC - the total number of SC at the end of December 2008.
＊This survey is based on the 541 SC samples obtained, the sample retrieval rate being 54.1%.
＊The JCSC General Meeting of May 21, 2009 issued an announcement stating that the official total number of SC as of the end of December 2008 had been corrected to 2,980 on the basis of newly adapted SC standards. However, (estimated) total sales of SC for February are based on former standards and have been computed based on the total number of 2,934 SC in existence at the end of January2010.
Term/Year/month (Number of SC) |
S C |
Department Stores |
Chain Stores | ||||
|---|---|---|---|---|---|---|---|
| Previously Established SC | |||||||
| Total of SC | Tenants | Anchor Tenants |
|||||
| Year | 2000 | (185) | -3.4 |
-3.1 |
-3.7 |
-2.2 |
-5.1 |
| 2001 | (255) | -2.2 |
-1.4 |
-3.3 |
-0.4 |
-5.2 |
|
| 2002 | (328) | -2.1 |
-2.1 |
-2.1 |
-2.3 |
-2.1 |
|
| 2003 | (462) | -1.6 |
-0.8 |
-2.4 |
-2.8 |
-3.2 |
|
| 2004 | (522) | -1.7 |
-0.9 |
-2.9 |
-2.8 |
-3.5 |
|
| 2005 | (550) | 0.3 |
1.5 |
-1.9 |
-0.2 |
-2.6 |
|
| 2006 | (523) | 0.3 |
0.9 |
-0.7 |
-0.7 |
-2.7 |
|
| 2007 | (515) | -0.0 |
0.3 |
-0.6 |
-0.5 |
-1.4 |
|
| 2008 | (553) | -1.5 |
-1.1 |
-2.3 |
-4.3 |
-0.7 |
|
| 2009 | (507) | -6.8 |
-6.5 |
-7.4 |
-10.1 |
-4.3 |
|
| 2009 | Jan.～Mar. | (533) | -6.7 |
-6.0 |
-8.3 |
-11.2 |
-4.0 |
| Apr.～Jun. | (538) | -6.0 |
-5.7 |
-6.8 |
-10.8 |
-3.4 |
|
| Jul.～Sep. | (505) | -7.7 |
-7.6 |
-8.0 |
-9.7 |
-3.6 |
|
| Oct.～dec. | (546) | -8.0 |
-5.8 |
-5.1 |
-8.8 |
-6.0 |
|
| Month 2008 | Jan. | (592) | 0.0 |
0.3 |
-0.5 |
-2.1 |
-1.7 |
| Feb. | (585) | 0.8 |
0.4 |
1.4 |
0.9 |
1.9 |
|
| Mar. | (587) | 2.3 |
2.6 |
1.6 |
-1.2 |
1.4 |
|
| Apr. | (575) | -2.5 |
-3.0 |
-1.5 |
-3.4 |
-0.8 |
|
| May. | (581) | -2.3 |
-2.1 |
-2.6 |
-2.7 |
-1.1 |
|
| Jun. | (592) | -2.9 |
-2.7 |
-3.1 |
-7.6 |
-0.9 |
|
| Jul. | (585) | 0.3 |
0.2 |
0.5 |
-2.5 |
0.9 |
|
| Aug. | (572) | 0.3 |
1.5 |
-2.1 |
-3.1 |
-1.0 |
|
| Sep. | (580) | -1.9 |
-0.8 |
-4.2 |
-4.7 |
-2.2 |
|
| Oct. | (582) | -3.0 |
-1.7 |
-5.6 |
-6.8 |
-1.6 |
|
| Nov. | (571) | -1.3 |
-0.6 |
-2.9 |
-6.4 |
0.6 |
|
| Dec. | (580) | -5.4 |
-4.7 |
-6.7 |
-9.4 |
-2.8 |
|
| Month 2009 | Jan. | (567) | -4.4 |
-3.6 |
-6.2 |
-9.1 |
-2.7 |
| Feb. | (570) | -7.5 |
-6.5 |
-9.4 |
-11.5 |
-5.4 |
|
| Mar. | (573) | -8.3 |
-7.6 |
-9.6 |
-13.1 |
-4.0 |
|
| Apr. | (567) | -5.6 |
-5.1 |
-6.8 |
-11.3 |
-3.7 |
|
| May. | (573) | -5.6 |
-5.2 |
-6.5 |
-12.3 |
-2.0 |
|
| jun. | (562) | -6.6 |
-6.4 |
-6.9 |
-8.8 |
-4.4 |
|
| Jul. | (581) | -8.5 |
-8.3 |
-9.0 |
-11.7 |
-4.8 |
|
| Aug. | (538) | -8.3 |
-8.3 |
-8.3 |
-8.8 |
-3.4 |
|
| Sep. | (545) | -4.7 |
-3.8 |
-6.6 |
-7.6 |
-2.4 |
|
| Oct. | (524) | -7.6 |
-7.3 |
-8.3 |
-10.5 |
-5.2 |
|
| Nov. | (542) | -8.7 |
-7.7 |
-10.8 |
-11.8 |
-8.0 |
|
| Dec. | (557) | -3.4 |
-3.3 |
-3.5 |
-5.0 |
-5.0 |
|
| Month 2010 | Jan. | (557) | -5.3 |
-4.5 |
-7.1 |
-5.7 |
-4.9 |
| Feb. | (541) | -2.5 |
-2.1 |
-3.2 |
-5.4 |
-2.4 |
|
| Source | Japan Council of Shopping Centers | Japan Department Stores Association |
Japan Chain Stores Association | ||||
Constituent member of SC Location (Number of SC) |
Total | Tenants | Anchor Tenants | ||
|---|---|---|---|---|---|
| Total | (541) | -2.5 |
-2.1 |
-3.2 |
|
| Central Areas | Large Cities | (75) | -3.6 |
-3.5 |
-6.7 |
| Medium Cities | (78) | -5.2 |
-3.3 |
-8.9 |
|
| Small Cities | (28) | -5.8 |
-4.9 |
-6.9 |
|
| Sub Total | (181) | -4.4 |
-3.5 |
-8.3 |
|
| Peripheral Areas | (131) | -2.6 |
-2.8 |
-2.3 |
|
| Suburban Areas | (229) | -0.9 |
-0.2 |
-1.8 |
|
(notes)
■Size of City
Large Cities ： Cities designated by government ordinance (Sapporo, Sendai, Chiba, Tokyo metropolis, Kawasaki, Yokohama, Nagoya, Kyoto, Osaka, Kobe, Hiroshima, Fukuoka, Kitakyushu)
Medium Cities ：Cities that have a population of more than 150,000, excluding above‐mentioned cities
Small Cities ：Cities that have a population of under 150,000
■Location （Divided by administrative district
Central Areas ：Central cities that are accumulated by commercial function of cities, towns, villages concerned
Peripheral Areas ：Areas that are around central areas and city function of commerce, administration, business, etc. exist moderately
Suburban Areas ：Areas that are in the suburbs and residential areas, farmlands, etc. are spread out
Region Location (Number of SC) |
Total | Hokkaido | Tohoku | Kanto | Chubu | Hokuriku | kinki | Chugoku | Shikoku | Kyusyu・ Okinawa |
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | (541) | -2.5 |
2.0 |
-1.2 |
-3.3 |
-3.6 |
-2.3 |
-1.6 |
-2.2 |
-1.6 |
-0.4 |
| Central Areas | (181) | -4.4 |
8.0 |
-3.1 |
-4.5 |
-7.0 |
-4.3 |
-5.3 |
-5.2 |
-6.1 |
-3.4 |
| Peripheral Areas | (131) | -2.6 |
-3.9 |
-1.2 |
-3.1 |
-4.4 |
-3.1 |
-1.6 |
-5.9 |
-1.0 |
0.4 |
| Suburban Areas | (229) | -0.9 |
-3.2 |
-0.4 |
-2.1 |
-1.9 |
-1.8 |
0.2 |
0.1 |
1.0 |
1.7 |
| Number of SC | 541 |
17 |
31 |
195 |
56 |
38 |
113 |
31 |
15 |
45 |
|
(notes)
■Region
Hokkaido ： Hokkaido
Tohoku ： Aomori, Iwate, Miyagi, Akita, Yamagata and Fukushima Prefecture
Kanto ： Ibaraki, Tochigi, Gumma,Saitama and Chiba Prefecture, Tokyo metropolis, Kanagawa and Yamanashi Prefecture
Chubu ： Nagano, Gifu, Shizuoka, Aichi and Mie Prefecture
Hokuriku ： Niigata, Toyama, Ishikawa and Fukui Prefecture
Kinki ： Shiga, Kyoto, Osaka, Hyogo, Nara and Wakayama Prefecture
Chugoku ： Tottori, Shimane, Okayama, Hiroshima and Yamaguchi Prefecture
Shikoku ： Tokushima, Kagawa, Ehime and Kochi Prefecture
Kyusyu･Okinawa ： Fukuoka, Saga, Nagasaki, Kumamoto, Oita, Miyazaki, Kagoshima and Okinawa Prefecture
Reference:
Contact below for any inquires in respect of the Survey.
Mr. Kotaro Zenpo of the Research Department
e‐mail address: zenpoh@jcsc.or.jp
Copyright (C) 2010 Japan Council Of Shopping Centers. All Rights Reserved.