WORKMAN reverses gains despite September same-store sales rising for third straight month
WORKMAN CO., LTD. <7564> fell in trading, reversing earlier gains. The company released its monthly sales report for September after the close on Oct. 1, showing same-store sales rose 20.7% year-on-year, marking a double-digit gain for the second consecutive month and topping prior-year levels for the third straight month. However, the positive market response to the results appeared limited.
Although sales of autumn and winter items were sluggish due to delayed rollouts aimed at coping with lingering summer heat, rainwear and other rain-related products performed well on the back of typhoons and autumn rain fronts. Recovery wear, supported by new product launches, also remained solid. Total store sales rose 26.0% year-on-year.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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