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Nitori Holdings same-store sales rise for first time in nine months in May
Nitori Holdings Co., Ltd. <9843> announced after the close of trading on June 2 that its May domestic same-store sales rose 7.0% year-on-year, beating prior-year results for the first time in nine months.
Driven by TV commercials, the "Golden Week Renewal Support Campaign," and higher temperatures, dining furniture, seasonal furniture, kitchenware, home appliances, and lighting performed strongly. A favorable calendar tailwind from day-of-week alignments compared to last year provided a boost of approximately 3.1 percentage points. All-store sales increased 10.5% year-on-year.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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