VT GMP Expects Sales Growth in Japan

VT GMP announced on the 8th that sales on Japan's Qoo10 and Rakuten have been increasing in the second quarter of this year. Qoo10 and Rakuten are representative internet shopping malls in Japan, with a solid customer base mainly among the Japanese MZ generation.

Qoo10 is holding a Mega Sale from the 1st to the 12th of this month. Sales surpassed those of the same period last year within six days of the Mega Sale.

On Rakuten, sales exceeded those of the same period last year within four days during the Super Sale period. Although the sale periods of Qoo10 and Rakuten overlapped, sales increased on both channels. Rakuten's Super Sale will continue until the 11th.

The Riddle Shot product is receiving favorable reviews among Japanese consumers. It contains Cica Hyalon, an ingredient known for its skin soothing and moisture barrier strengthening effects.

A VT Cosmetic official said, “It is encouraging that sales have increased simultaneously on major Japanese shopping malls Qoo10 and Rakuten,” adding, “We will leverage the Riddle Shot product to achieve sales growth and leap forward as a leading cosmetic company in the Japanese market.”