WORLD shows resilience as May same-store sales rise for first time in three months
Shares of WORLD CO., LTD. <3612> demonstrated resilience on Thursday after the company announced following Wednesday's market close its domestic retail sales overview for May. Same-store sales rose 4.9% year-on-year, marking the first year-on-year expansion in three months and attracting buying support on dips.
The sales growth was driven by an estimated 3.9 percentage point boost from having two additional holidays compared to the prior year, alongside robust sales of summer products fueled by rising temperatures. Furthermore, the positive momentum from its merchandising reforms is spreading across its apparel portfolio, with the impact expanding to brands like Takeo Kikuchi and Shoo-La-Rue following last month's success at Untitled. Total domestic retail sales, which combine in-store and e-commerce channels, jumped 15.0% year-on-year.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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