Trial Holdings' August All Store Sales Rise 9%
Trial Holdings (TYO:141A) recorded a 9.3% year-on-year increase in all store sales in August as it saw the opening of one new store, increasing its total store count to 324, according to a filing Tuesday.
The retailer said August saw extreme temperatures and multiple natural disasters, including an earthquake in Hyuga-nada and several typhoons, leading to temporary store closures.
Despite this, a Saturday holiday boosted SSS by 1.1 points, and special demand for beverages, preservable foods, and emergency supplies, coupled with a competitive product lineup, drove a significant sales increase.
Trial Holdings' shares lost over 1% in morning trading Wednesday.
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