ABC-MART rebounds after 8 sessions as August same-store sales rise for second straight month
ABC-MART, INC. <2670> rebounded after eight straight sessions of losses, with investors responding positively to its August sales figures released after market close on the 2nd.
Same-store sales rose 7.0% year-on-year in August, marking a second straight month of growth.
Despite heavy rain and typhoons in August, promotional efforts proved effective. Collaborative kids' shoe products backed by enhanced marketing campaigns and an Obon holiday sale were well received. By product category, sandals, T-shirts, and new sneaker releases performed strongly. Total sales, including new stores, rose 6.5% year-on-year.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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