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Nitori Holdings surges on first year-on-year sales growth in nine months driven by TV advertising
ABC-MART,INC. <2670> rebounded for the first time in three days. Investors welcomed the company's announcement after the close on June 2 that May same-store sales rose 8.8% year-on-year, marking a fifth straight month of gains.
Sales grew steadily, particularly at urban street-level stores and commercial complexes, lifted by a favorable calendar tailwind of an extra Sunday and public holiday compared to last year. Summer items like sandals and T-shirts performed well as some regions experienced midsummer temperatures. All-store sales also increased 8.8% year-on-year.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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