Musinsa posts record Q1 as stores, exports fuel growth
Musinsa said Wednesday it posted record first-quarter sales as strong growth in its online platform business and expanding offline operations offset the fashion industry’s seasonal slowdown. The company reported consolidated sales of 363.6 billion won (242 million) for the January-March period, up 24.1 percent from a year earlier. Operating profit rose 8.2 percent to 19 billion won. On a stand-alone basis, sales climbed about 25 percent to 335 billion won, while operating profit jumped 45.5 per
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