FAST RETAILING shares weak as domestic Uniqlo same-store sales fall below year-ago levels for first time in two months in August
Shares of FAST RETAILING CO., LTD. <9983> came under pressure after the company released its August domestic Uniqlo sales flash report after market close on the 2nd, with combined same-store and online sales falling 1.3% year-on-year - the first decline in two months.
Cool temperatures and unsettled weather dampened demand for summer merchandise. While average spending per customer rose 8.6% year-on-year, customer traffic dropped 9.1%. Total sales across directly operated stores and online fell 2.2% year-on-year.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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