TOKYO -- Japan's Ryohin Keikaku, owner of lifestyle brand retailer Muji, saw operating profit nearly triple on the year to a record 13.8 billion yen ($95.3 million) for the three months ended November, buoyed by price hikes and the end of China's zero-COVID policy.
Retail
Muji operator logs record profit for quarter in China rebound
Operating margin at Japan retailer more than doubles on price hikes
Muji's same-store sales grew both in Japan and abroad. (Photo by Kanoko Sakamoto)
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