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H2O RETAILING extends gains on return to positive sales growth in March
H2O RETAILING CORPORATION <8242> extended its gains. After trading ended on the 1st, the company released its preliminary March sales report, showing that total sales at all department stores in its department store division increased 6.5% year-on-year. This marked a return to positive growth for the first time in two months. Relatively stable temperatures boosted sales of spring fashion items. Various seasonal campaigns, including White Day promotions, also contributed to the gains. While sales from Chinese inbound customers remained challenging, an increase in wealthy overseas customers, including those from China, lifted overall duty-free sales above the previous year's level for the first time in five months. The market reacted positively to these results.
Source: MINKABU PRESS
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