Preview - Please log in to view full article.

Article Date: August 2021
Word Count: 185

Xebio Sees Golf Sales Drive FQ1 Gains


The multi-banner Japanese retailer returned to the black in its fiscal first quarter ended June 30, posting a profit of ¥2,080 million ($19.0 mm) against a loss of ¥477 million, on sales that increased 37% to ¥55,973 million ($511.6 mm) from ¥40,856 million. Profits are still down 45% from 2019 level, while sales are off 8%. Most of the store fleet is now open with traffic restrictions, but more visits to brick-and-mortar stores and continued strength in e-commerce helped the recovery from last year. Golf drove the improvement, increasing 52% to ¥19,670 million, ... Log in to view full article.

 


Already a subscriber?

User Name:

Password:


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.