2020 May Department store Jewelry sales in Japan
Covid-19 pandemic most shocked large stores. The department store is one of the main channel for jewelry, was completely closed in April and May.
the year-on-year comparison of department store jewelry sales trend of Japan. 80% down in April and May which is bigger down than the 2008 financial crisis. In addition to this, many of the shopping malls were also closed in this period, and the jewelry chain stores were forced to close.