Closure of Unprofitable Stores and Restructuring of the Store Network
First written in FY2017-Q1. 43 of 46 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2027-H1.
47 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「In light of the above, same-store sales for the company as a whole were 97.7% of the prior-year period. In terms of store openings and closures, the company opened 5 new stores and closed 5 stores, resulting in 227 stores at the end of the interim consolidated accounting period.」
Same-store sales were 97.7% of the prior-year period, with 5 stores opened and 5 stores closed. The company continues to reorganize its store network. - FY2027-H1AdvancedAnnual report
「During the interim consolidated accounting period, 5 new stores were opened and 5 stores were closed, resulting in 227 stores at the end of the period.」
The company opened 5 stores and closed 5 stores, leaving 227 stores at the end of the period. Its store network is being reorganized and reduced from 244 stores at the end of the previous fiscal year and 234 stores at the end of the prior-year interim period. - FY2026-H1AdvancedAnnual report
「During the opening and closing of stores, 7 new stores were opened and 17 stores were closed. As a result, the store count at the end of the interim consolidated period stood at 234.」
During the interim consolidated period, 7 stores were opened and 17 stores were closed, reducing the store count from 244 at the end of the previous fiscal year to 234. Restructuring of the store network and consolidation of unprofitable stores continued. - FY2025AdvancedAnnual report
「During the opening and closing of stores, 3 new stores were opened and 36 stores, primarily unprofitable stores, were closed. As a result, the consolidated fiscal year-end store count stood at 244.」
During the fiscal year, 3 stores were opened and 36 stores, primarily unprofitable stores, were closed, reducing the fiscal year-end store count from 277 at the end of the previous fiscal year to 244. Restructuring of the store network and consolidation of unprofitable stores progressed. - FY2025-H1AdvancedAnnual report
「During the opening and closing of stores, 2 new stores were opened and 15 stores were closed. As a result, the store count at the end of the interim consolidated period stood at 264.」
During the interim consolidated period, 2 stores were opened and 15 stores were closed, bringing the fiscal period-end store count to 264. The store network continued to contract and be restructured from 277 at the end of the previous fiscal year. - FY2025-Q1AdvancedAnnual report
「During the opening and closing of stores, 2 new stores were opened and 8 stores were closed. As a result, the store count at the end of the first quarter stood at 271.」
In the first quarter, 2 stores were opened and 8 stores were closed, reducing the store count from 277 at the end of the previous fiscal year to 271. Restructuring of the store network and consolidation of unprofitable stores continued. - FY2024AdvancedAnnual report
「During the opening and closing of stores, 17 new stores were opened and 23 stores, primarily unprofitable stores, were closed. As a result, the consolidated fiscal year-end store count stood at 277.」
While 23 stores, primarily unprofitable stores, were closed, 17 stores were opened, bringing the fiscal year-end store count to 277. The store network continued to be restructured and reduced on a full-year basis. - FY2024-Q3AdvancedAnnual report
「During the opening and closing of stores, 16 new stores were opened and 15 stores were closed. As a result, the store count at the end of the cumulative third-quarter period stood at 284.」
During the cumulative third-quarter period, 16 stores were opened and 15 stores were closed, bringing the fiscal quarter-end store count to 284, down 1 store from 285 at the end of the previous quarter. - FY2024-Q2AdvancedAnnual report
「During the opening and closing of stores, 11 new stores were opened and 9 stores were closed. As a result, the store count at the end of the cumulative second-quarter period stood at 285.」
During the cumulative second-quarter period, 11 stores were opened and 9 stores were closed, leaving the store count unchanged at 285 from the end of the previous quarter. The company continued to restructure its store network through store openings and closures. - FY2024-Q1AdvancedAnnual report
「During the opening and closing of stores, 8 new stores were opened and 6 stores were closed. As a result, the store count at the end of the first quarter stood at 285.」
In the first quarter, 8 stores were opened and 6 stores were closed, bringing the fiscal quarter-end store count to 285. The store network continued to be restructured and reduced from 296 at the end of the previous quarter. - FY2023-Q3AdvancedAnnual report
「During the opening and closing of stores, 6 new stores were opened and 90 stores were closed. As a result, the store count at the end of the cumulative third-quarter period stood at 296.」
Under the business restructuring plan, closures of 90 unprofitable stores had been completed by the end of the cumulative third-quarter period, against an annual plan to close 96 stores. Including 6 new store openings, the fiscal quarter-end store count stood at 296. - FY2023-Q2AdvancedAnnual report
「Although 49 stores were closed in the previous consolidated fiscal year, the company plans to close 96 unprofitable stores during the current consolidated fiscal year under its business restructuring plan. Of these, closures of 62 stores had already been completed during the cumulative second-quarter period.」
Against the annual plan to close 96 unprofitable stores, closures of 62 stores had been completed by the end of the cumulative second-quarter period. Execution of the business restructuring plan had progressed from the 36 stores closed in the previous quarter. - FY2023-Q1AdvancedAnnual report
「Although 49 stores were closed in the previous consolidated fiscal year, the company plans to close 96 unprofitable stores during the current consolidated fiscal year under its business restructuring plan. Of these, closures of 36 stores had already been completed during the cumulative first-quarter period.」
Against the annual plan to close 96 unprofitable stores under the business restructuring plan, closures of 36 stores had been completed in the first quarter. Restructuring of the store network was progressing into the execution phase of the plan. - FY2022AdvancedAnnual report
「During the opening and closing of stores, 19 new stores were opened and 49 stores were closed, primarily unprofitable stores, as in the previous year. As a result, the consolidated fiscal year-end store count stood at 380.」
During the fiscal year, 19 stores were opened and 49 stores were closed, reducing the fiscal year-end store count from 410 at the end of the previous fiscal year to 380. The company continued to consolidate unprofitable stores and restructure its store network. - FY2022-Q3AdvancedAnnual report
「During the opening and closing of stores, 19 new stores were opened and 26 stores were closed. As a result, the store count at the end of the third quarter cumulative period stood at 403.」
During the cumulative third-quarter period, 19 stores were opened and 26 stores were closed, reducing the store count to 403. The company continued to consolidate unprofitable stores under its business restructuring plan. - FY2022-Q2AdvancedAnnual report
「During the opening and closing of stores, 9 new stores were opened and 10 stores were closed. As a result, the store count at the end of the second quarter cumulative period stood at 409.」
During the cumulative period, 9 stores were opened and 10 stores were closed, bringing the store count to 409. The company also stated its policy of continuing to close stores where a recovery in profitability is not foreseeable. - FY2022-Q1AdvancedAnnual report
「During the opening and closing of stores, 3 new stores were opened and 5 stores were closed. As a result, the store count at the end of the first quarter cumulative period stood at 408」
During the quarter, 3 stores were opened and 5 stores were closed, bringing the fiscal quarter-end store count to 408. The store network continued to contract and be restructured from 410 at the end of the previous fiscal year. - FY2021AdvancedAnnual report
「During the opening and closing of stores, new store openings were limited to 14, while closures were increased to 91, primarily at stores judged unlikely to recover from the impact of COVID-19. As a result, the consolidated fiscal year-end store count stood at 410.」
91 stores were closed, mainly stores judged unlikely to recover from the impact of the pandemic, compared with 14 new store openings, reducing the store count to 410. - FY2021-Q3AdvancedAnnual report
「During the opening and closing of stores, 14 new stores were opened, while closures were increased to 55, primarily at stores judged unlikely to recover from the impact of COVID-19. As a result, the store count at the end of the third quarter stood at 446.」
Closures were increased to 55, primarily at stores judged unlikely to recover from the impact of the pandemic. Together with 14 new store openings, this brought the fiscal quarter-end store count to 446, down 29 stores from 475 at the end of the previous quarter. - FY2021-Q2AdvancedAnnual report
「During the opening and closing of stores, 12 new stores were opened and 24 stores were closed. As a result, the store count at the end of the second quarter stood at 475.」
In the second quarter, 12 stores were opened and 24 stores were closed, restructuring the store count from 481 at the end of the first quarter to 475. - FY2021-Q1AdvancedAnnual report
「During the opening and closing of stores, 6 new stores were opened and 12 stores were closed. As a result, the store count at the end of the first quarter stood at 481. There was no change in the number of franchise stores during the period, leaving 9 franchise stores at period-end.」
In the first quarter, 6 stores were opened and 12 stores were closed, bringing the retail business's fiscal quarter-end store count to 481. The store network continued to be restructured through store openings and closures. - FY2020-Q3AdvancedAnnual report
「Against this backdrop, same-store sales for the company as a whole were 98.2% year on year. In terms of store openings and closures, 40 new stores were opened and 27 stores were closed, leaving 491 stores at the end of the third quarter.」
During the cumulative third-quarter period, 40 stores were opened and 27 stores were closed, bringing the fiscal quarter-end store count to 491. The store network was restructured and expanded through concurrent store openings and closures. - FY2020-Q2AdvancedAnnual report
「Against this backdrop, same-store sales for the company as a whole were 98.8% year on year. In terms of store openings and closures, 21 new stores were opened and 19 stores were closed, leaving 480 stores at the end of the second quarter.」
In the second quarter, 21 stores were opened and 19 stores were closed, bringing the fiscal quarter-end store count to 480. The company continued to reshuffle its store network while opening new stores. - FY2020-Q1AdvancedAnnual report
「During the opening and closing of stores, 14 new stores were opened and 8 stores were closed. As a result, the store count at the end of the first quarter stood at 484, an increase of 11 stores from the same period of the previous year.」
14 stores were opened and 8 stores were closed, bringing the fiscal quarter-end store count to 484. The count increased by 11 stores year on year, and the store network continued to expand. - FY2019AdvancedAnnual report
「During the opening and closing of stores, 38 new stores were opened, including 10 Rudic Park stores, the apparel business's flagship brand, and 20 Illusie 300 stores, a growth brand in the general merchandise business. At the same time, 29 stores were closed, including stores that became unprofitable amid a rapid deterioration in the business environment and stores whose contracts had expired. As a result, the store count stood at 478 at the end of the consolidated fiscal year.」
38 stores, including 10 Rudic Park stores and Illusie 300 stores, were opened, while 29 stores were closed. The fiscal year-end store count rose from 469 at the end of the previous fiscal year to 478, as the company expanded new store openings while consolidating unprofitable stores and stores whose contracts had expired. - FY2019-Q3AdvancedAnnual report
「During the opening and closing of stores, 37 new stores were opened and 21 stores were closed. As a result, the store count at the end of the third quarter of the consolidated fiscal year stood at 485.」
In the third quarter, 37 stores were opened and 21 stores were closed, bringing the fiscal quarter-end store count to 485. The store network expanded from 470 at the end of the previous quarter. - FY2019-Q2AdvancedAnnual report
「Against this backdrop, same-store sales for the company as a whole were 97.5% year on year. In terms of store openings and closures, 18 new stores were opened and 17 stores were closed, leaving 470 stores at the end of the second quarter of the consolidated fiscal year.」
In the second quarter, 18 stores were opened and 17 stores were closed, bringing the fiscal quarter-end store count to 470. Same-store sales were 97.5% of the prior-year level. - FY2019-Q1AdvancedAnnual report
「During the opening and closing of stores, 11 new stores were opened and 7 stores were closed. As a result, the store count at the end of the first quarter of the consolidated fiscal year increased to 473 from the beginning of the fiscal year.」
11 stores were opened and 7 stores were closed, bringing the fiscal year-end store count to 473. The count increased from 469 at the end of the previous fiscal year, indicating a shift toward restructuring the store network. - FY2018AdvancedAnnual report
「During the fiscal year, 27 new stores were opened, mainly 12 Rudic Park stores, the apparel business's flagship brand, and 7 Illusie 300 stores in the general merchandise business. At the same time, 53 stores were closed, primarily stores whose fixed-term lease agreements had expired and unprofitable stores. As a result, the store count stood at 469 at the end of the consolidated fiscal year.」
During the fiscal year, 27 stores were opened and 53 stores, mainly stores whose fixed-term leases had expired and unprofitable stores, were closed, bringing the number of stores in the retail business to 469 at fiscal year-end. - FY2018-Q3AdvancedAnnual report
「Regarding store openings and closures, 24 new stores were opened and 37 stores were closed, resulting in 482 stores at the end of the third quarter of the consolidated accounting period.」
In the third quarter, 24 stores were opened and 37 stores were closed, bringing the store count to 482. - FY2018-Q2AdvancedAnnual report
「Regarding store openings and closures, 17 new stores were opened and 31 stores were closed, resulting in 481 stores at the end of the second quarter accounting period.」
During the second quarter under review, 17 stores were opened while 31 stores were closed, reorganising the store network to 481 stores. - FY2018-Q1AdvancedAnnual report
「Regarding store openings and closures, 12 new stores were opened and 19 stores were closed, resulting in 488 stores at the end of the first quarter accounting period.」
During the first quarter under review, 12 stores were opened and 19 stores were closed, reorganising the store network to 488 stores. - FY2017AdvancedAnnual report
「Regarding store openings and closures, 9 new stores were opened, including 2 stores under the newly launched apparel shop brand Lilou de chouchou and 2 under Daisy Merry, while 88 stores, mainly unprofitable stores, were closed. As a result, the store count was 495 at the end of the fiscal year.」
During the fiscal year, 9 stores were opened while 88 stores, mainly unprofitable stores, were closed, bringing the store count to 495. - FY2017-Q2AdvancedAnnual report
「Regarding store openings and closures, 1 new store was opened and 35 stores were closed, resulting in 540 stores at the end of the second quarter accounting period.」
The Company continued closing unprofitable stores, opening 1 store and closing 35 stores during the quarter, bringing the store count to 540. The number of closures increased from 20 in the previous quarter. - FY2017-Q1First statedAnnual report
「Regarding store openings and closures, 1 new store was opened and 20 stores were closed, resulting in 555 stores at the end of the first quarter accounting period.」
The Company proceeded with reducing losses by closing unprofitable stores, opening 1 store and closing 20 stores during the quarter.