(試譯文)The interim account of three major department store companies such as "J. Front Retailing Company" that was holding Daimaru and Matsuzakaya as subsidiaries, in August this year all the sales fell below the same time of the previous year because sales such as apparel were unable to move upward due to decrease in consumption.
In the August interim account this year presented as at 12th for the three major department store companies, the sales of "J. Front Retailing Company" that was holding Daimaru and Matsuzakaya as subsidiaries fell by 2.8% below the same time of the perious period, and the same was true for "Sogo Stores and Seibu" held by "Seven & i Holdings Co., Ltd." as a subsidiary, and it was 1.4% for "Takashimaya". This was because the inability to move upward the sales of the high priced commodity major items such as apparel and clocks due to the depression of consumption etc. Rationalization was advanced in both companies by decreasing the number of employees, and reducing advertising expenses, the operating profit of the two companies (the J.Front Retailing Co. and Takashimaya) exceeded that of the same time the previous year. But because of the rapid appreciation of the yen and the sluggish stock market, the environment surrounding the management was expected to become severe, and had the idea to tie the recovery of sales by strengthening goods with stocks such as the low price apparel so as to attract new tenants and young people.
Its seems that the high yen value has adversely affected the business sector of Japan.