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Komehyo Holdings May Sales Up 50.5% on Strong Individual Purchases

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Komehyo Holdings (TYO:2780) said May brand and fashion sales rose 50.5% year over year to 21.55 billion yen, supported by strong individual purchases, according to a Monday filing on the Tokyo Stock Exchange.

Individual purchase amounts increased 44.2% to 10.19 billion yen, on its purchase programs and with the opening of new stores, maintaining a high level of sales.

The company said May corporate auction trading prices remained strong despite falling gold prices. The pre-owned luxury goods retailer expanded operations to seven locations, including five in Japan and two overseas, during the month.

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