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MATSUYA shares rebound sharply on 18.2% sales increase in May
Shares of MATSUYA CO., LTD. <8237> rebounded sharply on Tuesday, drawing strong buyer interest after the retailer released its May monthly sales report after the close on Monday, June 1. Combined sales across its Ginza operations?encompassing both the Ginza and Asakusa department stores?jumped 18.2% year-on-year, marking a robust double-digit expansion. Inbound tax-free sales accelerated rapidly, driven by a broad customer demographic spanning Taiwan, Thailand, Europe, and the United States. Concurrently, domestic appetite remained highly resilient, with steady demand for luxury footwear and handbags, cosmetics, and big-ticket women's apparel anchoring the gains.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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