TYO:2670

4 stories mentioning TYO:2670Updated 22d ago

Every FINWIRES story that references TYO:2670, newest first.

ABC-Mart's All Stores Sales Rise 6.6% in July

ABC-Mart (TYO:2670) all-store sales grew 6.6% year-on-year in July as nationwide hot weather drove demand for summer goods and bolstered full-scale summer sales.The retailer's existing stores posted a 6.7% year-on-year increase in sales, according to a Tuesday filing on the Tokyo Stock Exchange.The number of customers at all stores dropped nearly 0.8% while spending rose 7.5%.At existing stores, customer count fell nearly 0.7% while sales per customer gained 7.4%.The retailer opened three new stores and closed one during the month, bringing the total store count to 1,118.

TYO:2670

Asia45d ago

Market Chatter: ABC-Mart Targets Overseas Growth With Southeast Asia Expansion

Japanese footwear retailer ABC-Mart (TYO:2670) aims to increase overseas revenue to at least half of group sales as it expands across Southeast Asia, Nikkei Asia reported Friday, citing President Kiichiro Hattori.Overseas revenue accounted for 28% of the company's 378.6 billion yen in sales for the fiscal year ended February, the report said.Hattori said expanding outside Japan is necessary as the country's population continues to age and decline, according to Nikkei Asia.ABC-Mart operates nearly 400 stores overseas, primarily in South Korea and Taiwan, and plans to compete with global footwear retailers including Foot Locker and JD Sports as it expands in the region, the report said.Shares of ABC-Mart rose nearly 2% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:2670

Asia49d ago

ABC-Mart's Profit Rises 10% in Fiscal Q1; Shares Slump 11%

ABC-Mart's (TYO:2670) profit attributable to owners of the parent increased 10% to 14.3 billion yen for the fiscal first quarter from 13 billion yen a year earlier.The company's basic earnings per share increased to 57.74 yen from 52.31 yen a year ago, according to a Tokyo bourse filing on Wednesday.Net sales jumped 8% to 105.5 billion yen for the three months ended May 31 from 97.7 billion yen in the prior-year period.For the fiscal year ending Feb. 28, 2027, the company expects attributable profit to inch up 0.1% to 46.4 billion yen, basic EPS of 187.39 yen, and net sales of 400.8 billion yen, up 5.9% year over year.ABC-Mart plans to pay interim and year-end dividends of 40 yen per share each for the current year, higher than the 75 yen per share paid in the year-ago period in total annual dividends.Shres of the footwear retailer plunged nearly 11% in recent trade.

TYO:2670

Asia56d ago

ABC-Mart's All Stores Sales Down 6.6% in June

ABC-Mart (TYO:2670) all-store sales fell 6.6% year-on-year in June due to fewer Sundays and poor weather from typhoons and rain, which kept foot traffic low.However, sports apparel saw strong demand from Father's Day gifts, especially hands-free shoes and weather-adaptive clothing, according to a Thursday filing on the Tokyo Stock Exchange.The retailer's existing store sales also declined 6.6% year-on-year.The number of customers at all stores dropped nearly 13% while spending rose 6.9%.At existing stores, customer count fell nearly 13% while sales per customer gained 6.8%.The retailer opened three new stores and closed two during the month, bringing the total store count to 1,116.

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