Apparel major Onward Holdings announced that its August existing-store sales decreased 3.7% year on year, falling below the previous year for the first time in 2 months. The figures were reported as preliminary monthly sales results.
Onward Holdings announced its preliminary monthly sales results for August on 3 September. The report included indicators such as existing-store sales compared with the previous month and the same month of the previous year.
August existing-store sales decreased 3.7% year on year.
This result indicates that the company’s sales fell below the previous year for the first time in 2 months.