In the US, same-store sale rose 8% year over year during the period, which ended Oct. 31. Sales increased in various markets across the country, and the New York City flagship store posted a 25% gain, due to transactions with local customers and foreign tourist. The only stores to post a drop in sales in this division were in Hawaii and Guam.
Internationally, same-store sales increased 10%, including a 29% boom in the Asia-Pacific region and a 14% jump in Europe. Japan was the only non-US country that experienced a decline, falling 1%.
Overall, the company's sales were up 18% during the quarter, hitting $627.3 million. Net earnings rose 208%, to $100.4 million, due to the sale-leaseback of its Tokyo flagship store and overall operating results.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.