Fashion: Japanese retailer Muji expecting record profit

(From Fashion Asian News)

Japanese retailer Muji is expected to end its latest quarter with a 10 per cent year-on-year rise in group operating profit to about 10.5 billion yen (US$95.5 million), a record for the period.
Sales for the parent company, Ryohin Keikaku, will probably have similar growth to reach about 85 billion yen.
During the three months, the company opened 13 stores in Japan. Sales at directly run stores rose 8.1 per cent in March and 7.3 per cent in April. The demand for Muji brand processed foods, such as pasta sauces and freeze-dried rice, has been growing since they were featured on TV. Stronger sales of storage furniture, around 30,000 yen, will probably help lift per-customer sales on average between 2000 and 3000 yen. Read more



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