Risks associated with store openings, closures and unprofitable stores in apparel retail
First written in FY2016. 12 of 16 entries say "Materialised", first in FY2017-Q1. Latest entry: FY2021-Q2.
Shinyei Kaisha moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2018: 12 of 31 companies on the "Worse" side.
1 other company's latest entry also says "Dropped".
- FY2021-Q2DroppedAnnual report
「Sales declined substantially as a result of the withdrawal from the underperforming apparel retail and legwear businesses during the previous consolidated fiscal year, but earnings improved as fixed costs were reduced.」
The withdrawal from the apparel retail and legwear businesses was treated as completed during the previous consolidated fiscal year, and no current risk disclosures concerning store openings, closures or unprofitable stores were made during the quarter. - FY2020MaterialisedAnnual report
「This consists of inventory disposal losses, additional retirement payments and store-closure costs associated with the withdrawal from the apparel retail and legwear businesses in the Textile-Related segment.」
A business restructuring loss of ¥441 million was recognised upon completion of the withdrawal from both businesses. Losses associated with withdrawing from stores and businesses, including impairment losses on fixed assets, inventory disposal losses, additional retirement payments and store-closure costs, have materialised. - FY2020-Q3MaterialisedAnnual report
「This represents losses associated with the withdrawal from the apparel retail and legwear businesses in the Textile-Related segment, including impairment losses on fixed assets, losses on disposal of inventories, additional retirement payments and store-closure costs, and includes amounts expected to arise in the future.」
A business restructuring loss of ¥494 million was recognised in connection with the withdrawal from the apparel retail and legwear businesses, including impairment losses on fixed assets, inventory disposal losses, additional retirement payments and store-closure costs. - FY2020-Q2MaterialisedAnnual report
「In addition to impairment losses on fixed assets associated with the withdrawal from the apparel retail and legwear businesses in the Textile-Related segment, this represents estimated losses including future losses on disposal of inventories, additional retirement payments and store-closure costs.」
A business restructuring loss of ¥544 million was recognised in connection with the withdrawal from both businesses, and impairment losses on fixed assets and future inventory disposal losses, additional retirement payments and store-closure costs are also expected. Losses associated with withdrawing from stores and unprofitable businesses have materialised. - FY2020-Q1MaterialisedAnnual report
「In the Textile-Related segment, impairment losses were recognised on certain operating stores scheduled to close. The impairment loss recognised during the nine-month period ended the first quarter was ¥5 million.」
An impairment loss of ¥5 million related to the closure of unprofitable stores was recognised in the first quarter, indicating that store-closure-related risks continue to materialise. - FY2019-Q3MaterialisedAnnual report
「In the Textile-Related segment, impairment losses were recognised on certain operating stores scheduled to close and assets scheduled for disposal in connection with the relocation of the head office of a consolidated subsidiary. In the Electronics-Related segment, impairment losses were recognised on assets scheduled for disposal in connection with the consolidation of manufacturing functions. During the nine-month period ended the third quarter, impairment losses of ¥18 million were recognised in the Textile-Related segment and ¥1 million in the Electronics-Related segment.」
An impairment loss of ¥18 million related to stores scheduled to close was recognised, confirming that losses associated with closing unprofitable stores continue to materialise. - FY2019-Q2MaterialisedAnnual report
「In the Textile-Related segment, impairment losses were recognised on certain operating stores scheduled to close and assets scheduled for disposal in connection with the relocation of the head office of a consolidated subsidiary. In the Electronics-Related segment, impairment losses were recognised on assets scheduled for disposal in connection with the consolidation of manufacturing functions. During the six-month period ended the second quarter, impairment losses of ¥18 million were recognised in the Textile-Related segment and ¥1 million in the Electronics-Related segment.」
An impairment loss of ¥18 million related to stores scheduled to close was recognised for the six-month period ended the second quarter, confirming that losses associated with closing unprofitable stores continue to be recognised. - FY2019-Q1MaterialisedAnnual report
「In the Textile-Related segment, impairment losses were recognised on certain operating stores scheduled to close. The impairment loss recognised during the nine-month period ended the first quarter was ¥5 million.」
An impairment loss of ¥5 million related to stores scheduled to close was recognised, confirming that losses associated with closing unprofitable stores continue to materialise. - FY2018-Q3MaterialisedAnnual report
「In the Textile-Related segment, impairment losses were recognised on certain operating stores scheduled to close. The impairment loss recognised during the nine-month period ended the third quarter was ¥18 million.」
An impairment loss of ¥18 million related to stores scheduled to close was recognised for the nine-month period ended the third quarter, confirming that losses associated with closing unprofitable stores continue to be recognised. - FY2018-Q2MaterialisedAnnual report
「In the Textile-Related segment, impairment losses were recognised on certain operating stores scheduled to close. The impairment loss recognised during the six-month period ended the second quarter was ¥14 million.」
An impairment loss of ¥14 million related to stores scheduled to close was recognised for the six-month period ended the second quarter, confirming that losses associated with closing unprofitable stores continue to be recognised. - FY2018-Q1MaterialisedAnnual report
「In the Textile-Related segment, impairment losses were recognised on certain operating stores scheduled to close. The impairment loss recognised during the nine-month period ended the first quarter was ¥4 million.」
An impairment loss of ¥4 million related to the closure of unprofitable stores was recognised in the first quarter, indicating that store-closure-related losses continue to materialise. - FY2017MaterialisedAnnual report
「Stores (Kanagawa Prefecture and elsewhere) — Buildings and other assets — 81」
The downsizing of underperforming brands and closure of unprofitable stores continued, and an impairment loss of ¥81 million was recognised for stores during the consolidated fiscal year. Losses associated with store closures and unprofitable stores also occurred for the full year. - FY2017-Q3RestatedAnnual report
「In apparel retail, business volume declined owing to the downsizing of underperforming brands and closure of unprofitable stores, as well as poor weather from summer through early autumn. However, profitability improved somewhat as the Group reviewed product planning and store operations, enhanced its online store and reduced expenses.」
The decline in business volume resulting from the downsizing of underperforming brands and closure of unprofitable stores continued. Profitability improved somewhat through measures including enhancement of the online store, but the risks associated with store closures and unprofitable stores themselves have not been eliminated. - FY2017-Q2RestatedAnnual report
「In apparel retail, business volume declined owing to the downsizing of underperforming brands and closure of unprofitable stores, as well as poor weather from summer through early autumn. However, profitability improved somewhat as the Group reviewed product planning and store operations and proceeded with expense reductions.」
Business volume continued to decline following the downsizing of underperforming brands and closure of unprofitable stores. Profitability improved somewhat through reviews of product planning and store operations and expense reductions. - FY2017-Q1MaterialisedAnnual report
「In apparel retail, business volume declined following the downsizing of underperforming brands and closure of unprofitable stores during the previous consolidated fiscal year, but profitability improved somewhat as a result of reviewing product planning and store operations and reducing expenses.」
Business volume declined following the downsizing of underperforming brands and closure of unprofitable stores, and an impairment loss of ¥43 million was recognised for stores scheduled to close during the quarter. Losses associated with store closures have materialised. - FY2016First statedAnnual report
「After opening stores, the Group manages their profitability and closes unprofitable stores for which there is no prospect of performance improvement. Store closures may result in losses associated with closing the stores, potentially adversely affecting the Group's financial position and operating results.」
In addition to changes in opening conditions, customer attraction and the competitive environment, losses from closing unprofitable stores are identified as a risk.