Shinsegae Group, Incheon To Cooperate On Constructing Domed Baseball Stadium
On a non-consolidated basis, we estimate 2Q22 style sales of W199.6bn (+16% y-y), with OP of W24.1bn (+51% y-y). Spurred by a domestic consumption trend towards compact luxury goods, sales growth (y-y) for imported brands most likely clocked at about 23%. In particular, domestic brand sales were likely brisk thanks to the rising popularity of the Vov and G-cut brands. The Group released sales numbers for Q4 FY21 on Thursday, reporting total sales of NZ$284 million for the period (+five.5%…