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 ...