Kintetsu's Abeno Harukas flagship notches a sixth straight month of gains, but the group's adjusted total keeps falling
Kintetsu Department Store's Abeno Harukas flagship grew sales 6.2% in August for a sixth consecutive monthly gain, but the group's like-for-like total — adjusted for the Nagoya store's February closure — fell 5.3%, a reminder that one flagship's strength hasn't yet spread across the rest of the chain.
Kintetsu Department Store's flagship at Abeno Harukas booked its sixth straight month of year-on-year growth in August, with sales up 6.2%, even as the group's more meaningful gauge of underlying demand — like-for-like sales adjusted for a closed store's prior-year base — fell 5.3%, the company said in its August sales flash.