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Nitori Holdings continues decline as existing store sales fall for seventh consecutive month in March
Nitori Holdings Co., Ltd. <9843> continued its decline. The company announced after trading closed on the 2nd that its existing store sales for March fell 5.3% year-on-year, marking the seventh consecutive month of decline compared to the previous year's performance, which weighed on the stock.
Despite continuing its "Spring Point Redemption Campaign" and "New Life Support Campaign for Everyone," the company was impacted by a negative 1.0 percentage point effect from the calendar composition and a 6.0% year-on-year decline in customer traffic. Total store sales decreased 2.9% year-on-year.
Source: MINKABU PRESS
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