Nitori Holdings Set to Benefit From Sale Promotion Efforts -- Market Talk

0207 GMT - Nitori Holdings stands to benefit from initiatives to boost sales, SMBC Nikko Securities' Kuni Kanamori says in a research report. Its same-store sales in Japan rebounded to 3.7% growth in July from a 13.2% contraction in June thanks to increased promotions, the analyst notes. The furniture and household goods retailer launched a new monthly themed sales promotion from July, offering a limited-time 10% discount for eligible products. The Japanese company has been stepping up new product development and begun to ramp up promotions, which should drive store visits. The brokerage raises the stock's rating to outperform from neutral and the target price to 3,100 yen from Y2,600. Shares are 3.8% higher at Y2,720. (ronnie.harui@wsj.com)

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August 05, 2026 22:07 ET (02:07 GMT)