Impact of COVID-19 on Store Traffic and Sales
First written in FY2020. 5 of 16 entries say "Mitigated", first in FY2021-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2020: 69 of 91 companies on the "Worse" side.
34 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「To address the risk of store closures, the company is expanding the functionality of its own e-commerce platform and developing its infrastructure to ensure stable product supply.」
The company continues to address the risk of store closures due to infectious diseases and other factors by expanding the functionality of its own e-commerce platform and developing its infrastructure. - FY2026-H1RestatedAnnual report
「The closure of commercial facilities housing stores under the company’s brands, declines in customer traffic, and disruptions to production and logistics may have a material impact on the company’s performance.」
The company continues to disclose the potential impact of resurgences of infectious diseases or new pandemics on its stores, customer traffic, production and logistics. - FY2025RestatedAnnual report
「The closure of commercial facilities housing stores under the company’s brands, declines in customer traffic, and disruptions to production and logistics may have a material impact on the company’s performance.」
The company continues to disclose the potential impact of resurgences of infectious diseases or new pandemics on its stores, customer traffic, production and logistics. - FY2024RestatedAnnual report
「The global spread of COVID-19 had a major impact on the Company's business. If COVID-19 continues to spread in recurrent waves, or if a pandemic caused by a new infectious disease occurs in the future, the closure of commercial facilities where the Company's brands operate and the decline in customer visits, together with disruptions to production and logistics, could have a significant impact on the Company's performance.」
While confirming the impact of past COVID-19 infections, the company continues to disclose the potential impact of resurgences or new pandemics on its stores, production and logistics. - FY2024-Q2MitigatedAnnual report
「During the six months ended in the second-quarter consolidated accounting period, the classification of COVID-19 was shifted to Category 5, substantially easing restrictions on behavior and entry into Japan and advancing the normalization of economic and social activity.」
The Company describes the shift of COVID-19 to Category 5, the substantial easing of restrictions on behavior and entry into Japan, and the normalization of economic and social activity, with the reduced impact on the operating environment continuing. - FY2024-Q1RestatedAnnual report
「The easing of restrictions on movement related to COVID-19 and entry restrictions for visitors from overseas increased the flow of people. As economic and social activity normalized, personal consumption showed a gradual recovery.」
The Company continues to state that the easing of restrictions on behavior and entry into Japan and the normalization of economic and social activity have reduced the impact of COVID-19 on the operating environment. - FY2023-Q3MitigatedAnnual report
「During the nine months ended the third quarter of the current consolidated fiscal year, supply chain disruptions caused by the Shanghai lockdown from May to June and the spread of COVID-19 due to the Omicron variant in July occurred. However, the recovery in human mobility and normalization of consumption activity accompanying the easing of restrictions on movement meant that the operating environment remained better than in the previous year, with sales exceeding the previous year's level at both all stores and existing stores in every month.」
Although the Shanghai lockdown and the impact of the Omicron variant persisted, the Company disclosed an improved operating environment, normalization of the flow of people and consumption activity, and total-store and same-store sales exceeding the previous year in every month. - FY2023-Q2Declining customer visits due to renewed infections alongside recoveryAnnual report
「During the six months ended the second quarter of the current consolidated fiscal year, the COVID-19 pandemic subsided in the first quarter, and the easing of restrictions on movement led to a recovery in human mobility and signs of normalization in consumption activity. However, the spread of the Omicron variant from July temporarily reduced customer numbers.」
While the relaxation of restrictions on behavior normalized the flow of people and consumption activity, the spread of the Omicron variant from July temporarily reduced customer visits. - FY2023-Q1MitigatedAnnual report
「During the nine months ended the first quarter of the current consolidated fiscal year, the COVID-19 pandemic subsided, and the easing of restrictions on movement led to a recovery in human mobility and signs of normalization in consumption activity.」
The Company states that the flow of people and consumption activity are trending toward normalization as the spread of COVID-19 has eased and restrictions on behavior have been relaxed. - FY2022-Q3Recovery in the latter half of the third quarter amid the impact of COVID-19Annual report
「In the third quarter, sales were sluggish in the first half due to the continuing state of emergency and temperatures higher than usual, but sales of autumn and winter products recovered in the second half as temperatures fell and demand for going out recovered. Compared with the third quarter of the previous year, sales remained only slightly higher, partly because the previous year was a period when the impact of COVID-19 had subsided.」
Sales were sluggish in the first half of the third quarter due to the continuing implementation of infection-control measures and other factors, but recovered in the second half as demand for going out recovered, resulting in a slight year-on-year increase. - FY2022-Q2Slower recovery after stores reopened and the continuing impact of COVID-19Annual report
「However, second-quarter sales were slightly below the year-earlier level because the state of emergency and priority preventive measures were expanded and prolonged, unstable weather including a long rainy season had an impact, and there was no “revenge spending” as seen the previous year.」
Although the store operating environment improved from the previous year, domestic sales declined slightly year on year in the second quarter as the expansion and prolongation of areas subject to the state of emergency and other measures continued. The impact of COVID-19 also continued. - FY2022-Q1MitigatedAnnual report
「While all 1,248 physical stores in Japan had been closed for approximately 2 weeks from 25 April of the previous year, only 345 stores were closed as of 25 April this year. As the operating environment for stores improved, domestic sales increased 41.2% year on year, mainly due to the recovery in store sales.」
Although the impact of COVID-19 continued, the number of closed stores fell from all 1,248 domestic stores in the previous year to 345, and the Company disclosed an improved store operating environment and a recovery in domestic sales. - FY2021-Q3Recovery in physical stores alongside concerns about renewed infectionsAnnual report
「Although the impact of reduced demand for going out continued, domestic brick-and-mortar store sales improved month by month and recovered significantly in the third quarter as temperatures fell and demand for going out recovered. However, personal consumption remained uncertain, as the number of store visitors again began to decline in late November amid growing concern about a resurgence of infections.」
Domestic physical-store sales recovered substantially in the third quarter after all stores had closed, but customer visits declined again in late November amid concerns about a renewed wave of infections. - FY2021-Q2MitigatedAnnual report
「As customer visits declined substantially due to calls for people to refrain from going out and the closure or reduced operating hours of commercial facilities accompanying the spread of COVID-19, domestic sales declined 27.1% year on year. All physical stores in Japan were closed for approximately 2 weeks from 25 April to 7 May, after which stores gradually resumed operations by region as the number of new infections declined and the state of emergency was lifted. In the second quarter, when all stores had resumed operations from 3 June, the decline in domestic physical-store sales narrowed from the first quarter, although the impact of reduced demand for going out continued.」
Domestic sales declined 27.1% year on year due to the impact of COVID-19, and all physical stores in Japan were closed for approximately 2 weeks from 25 April. Meanwhile, all stores resumed operations on 3 June, and the decline in physical-store sales narrowed from the first quarter. The impact of renewed infection waves on consumption is expected to persist to some extent. - FY2021-Q1WorsenedAnnual report
「Closures of physical stores in Japan began mainly in major metropolitan areas, and all 1,248 physical stores in Japan were closed for approximately 2 weeks from 25 April to 7 May. Subsequently, stores gradually resumed operations by region as the number of new infections declined. Following the full lifting of the state of emergency on 25 May, all stores were expected to have resumed operations by the end of May.」
Due to the impact of COVID-19, all 1,248 physical stores in Japan were closed for approximately 2 weeks. The Company states that by the end of May, all stores were expected to have resumed operations. - FY2020MaterialisedAnnual report
「The spread of COVID-19 has continued to affect consumer sentiment through calls to refrain from going out, as well as store closures and reduced operating hours at commercial facilities, thereby affecting customer traffic and, consequently, sales.」
The Company states that the spread of the infection, calls for people to refrain from going out, and the closure or reduced operating hours of commercial facilities affected customer visits and sales.