In Sectors

Muji China sales reach record in 2Q

Japan’s Ryohin Keikaku Co, the operator of MUJI retail stores, said on Wednesday that store sales on China’s mainland surged 193 percent year on year to JPY11.3 billion (USD93 million) in the second quarter of this year, propelling its quarterly profit to a record high.

Its quarterly profit jumped 65 percent to JPY6 billion, 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 on Wednesday.

The company’s biggest flagship store will open in Shanghai by the end of this year.

For related articles, visit Shanghai Daily.

(Source: Shanghai Daily)

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