Japanese supermarket operator Seiyu has revised downwards its projected group earnings for the six months due to end 31 August.
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JSluggish sales of summer goods due to poor summer weather are expected to leave the group in the red to the tune of ¥10bn (US$83.2m), compared with a forecast made in April that saw the group breaking even, reports Kyodo News International.
JPretax losses are expected to hit ¥3.5bn on turnover worth ¥558bn during the first half, down from a forecast pretax profit of ¥1.5bn on turnover of ¥570bn.
JSales of key summer items such as swimwear and air conditioning units have been well down on forecasts, thanks to unusually cool weather in the first weeks of the summer.
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