Matsuya MATSUMOTOYA Reports July Sales Growth Amid Strong Luxury Demand

TOKYO, Aug 03 (Pulse News Wire) – Matsuya CO.,LTD. (8237.T) reported strong sales growth for its Ginza store in July, achieving a 1.3% increase compared to the same period last year.

Meanwhile, Asakusa store saw a decline of 3.1%. Overall, the Ginza flagship store recorded a 1.1% rise in revenue. Excluding tax-free sales, domestic customers contributed approximately a 2% increase in sales.

Tax-free sales showed robust performance, particularly in cosmetics, which grew by 14% compared to the previous year, and luxury items such as shoes and bags increased by 4.4%. Looking ahead, Matsuya plans to continue focusing on attracting customers from various countries while implementing strategies to boost domestic customer traffic. The company expects to maintain its momentum driven by ongoing promotional activities and the recent renovation of Louis Vuitton's Ginza store.