CUBE CO. Reports Decreased July Sales Amid Heatwave

CUBE CO.,LTD. (JP:7112) has released an update.

CUBE CO., LTD.’s July 2024 sales at directly managed stores fell to 89.3% year-over-year (YoY), with existing stores dropping even lower to 87.4%. Despite the successful launch of the new fall-winter collection and increased physical store sales from inbound tourism, a significant heatwave and strong prior year comparisons led to an overall decline in sales, including e-commerce. The company anticipates a boost in sales with the continuation of the fall-winter collection rollout and will report its second-quarter financial results on August 14.

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