Asia
United Arrows Logs 4.5% Rise in June Sales
United Arrows' (TYO:7606) total sales for June rose 4.5% year over year, with existing store sales of retail and online outlets up 2.8%, according to a Thursday filing on the Tokyo Stock Exchange.During the month under review, the retailer cited growth despite retail weakness from cooler weather and typhoons, and higher-priced apparel boosted average spending per customer.One fewer holiday than last year negatively impacted same-store growth by roughly 1.6 percentage points, and the preliminary figures do not yet reflect revenue recognition standard changes that are expected to lower results by "a few" percentage points.
TYO:7606
