Pan Pacific International Holdings announced preliminary September same-store sales. Sales rose 3.1% year on year, exceeding the previous year's result for the third consecutive month. Customer numbers declined due to poor weather, but sales increased by capturing weekend demand on rainy days and at-home demand.
Pan Pacific International Holdings announced its preliminary monthly sales figures for September on the day. Same-store sales in the domestic retail segment rose 3.1% year on year, exceeding the previous year's result for the third consecutive month.
Customer numbers were reportedly down 1.5% because of poor weather, including prolonged rainfall, but sales benefited from demand for bulk purchases on rainy weekends and demand for spending time at home. The one additional holiday compared with the previous year is also believed to have contributed to higher sales.
Following the announcement, the company confirmed that domestic sales had exceeded the previous year's result for the third consecutive month. Further reports are expected to cover monthly trends and the impact of seasonal factors.
It will be necessary to await additional official announcements and related information for the market reaction and future indicators.