MATSUYA falls for second straight session after reporting 1.9% drop in September sales
MATSUYA CO., LTD. <8237> extended its losing streak to two sessions. After the close on Oct. 1, the company released its preliminary sales figures for September. Combined sales at its Ginza and Asakusa stores fell 1.9% year-on-year. The decline was attributed to the impact of a large-scale promotional event held in the prior year, as well as a decrease in duty-free sales. Domestic sales, however, remained firm, supported by strong performance in jewelry, watches, and men's clothing. The overall negative result weighed on investor sentiment.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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