WORKMAN reverses lower despite August same-store sales rising for second straight month
WORKMAN CO., LTD. <7564> turned lower on Tuesday despite reporting after market close on the 1st that August same-store sales rose 17.0% year-on-year, marking a second straight month of double-digit growth and year-on-year gains. Although the stock opened higher in early trading, WORKMAN gave back gains amid broad market weakness.
Summer merchandise, ranging from workwear and casual wear to clothing accessories, performed strongly during the month. Recovery wear, where the company launched new high-performance models, also saw solid demand. Total sales, including new stores, rose 21.6% year-on-year.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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