MUJI sales reach record
Print Edition
JAPAN’S Ryohin Keikaku Co, the operator of MUJI retail stores, said yesterday that store sales on China’s mainland surged 193 percent year on year to 11.3 billion yen (US$93 million) in the second quarter of this year, propelling its quarterly profit to a record high.
Its quarterly profit jumped 65 percent to 6 billion yen, with sales in China and other Asian countries beating estimates, said Satoru Matsuzaki, president of Ryohin Keikaku.
“The recent (stock) market rout won’t influence our business confidence in China,” Matsuzaki said at a media conference in Tokyo yesterday.
The company’s biggest flagship store will open in Shanghai by the end of this year.
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