Fast Retailing shares rise as much as 3%; September same-store sales up 10.8%

Fast Retailing shares rose as high as 3.41% to ¥74,220, while September domestic same-store sales increased 10.8% year on year. Strong sales of autumn and winter products reportedly supported buying in the stock.

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The story

Fast Retailing shares temporarily rose ¥2,450 from the previous Friday’s close, climbing to ¥74,220. The stock remained firm in the market and helped lift the broader market.

UNIQLO’s domestic same-store sales, announced the same day, rose 10.8% year on year in September, marking the first increase in two months. The company explained that autumn and winter products drove demand higher.

In response, investors moved to buy first, and buying momentum in Fast Retailing shares was reportedly sustained.

At a glance

Share PriceThe stock rose as high as ¥74,220, up approximately 3.41% from the previous Friday’s close

MovementThe stock temporarily rose by more than 3%

PeriodSeptember

ScaleDomestic same-store sales up 10.8% year on year

NatureStrong sales of autumn and winter products were cited as a factor behind the increase in sales

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The NikkeiNews

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