Development of proprietary brands and expansion of sales channels through making ピート a subsidiary
First written in FY2019-Q2. 3 of 7 entries say "Restated". Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022ReframedAnnual report
「The main objectives of this transaction are to strengthen the functions of the company as a specialist focused on product procurement, transfer all other businesses, primarily apparel sales at stores, to the company, and improve operational efficiency by integrating head-office functions.」
Following its acquisition of スピックインターナショナル as a subsidiary, the company reorganized its operations around using its brands and sales channels by concentrating product procurement functions at スピックインターナショナル, transferring store sales and other operations to the company, and integrating head-office functions. - FY2020RestatedAnnual report
「We strengthened the rollout of character collaboration products from popular brands, popular sports-oriented brands and products from ピート, attracting customers.」
The company continues displaying partner and branded products, including ピート products, at its stores and uses them to attract customers. - FY2020-Q2RestatedAnnual report
「By promptly introducing popular casual-brand products, such as logo T-shirts, and surf-style brand products whose offering had been strengthened through the business collaboration since the previous fiscal year, the company was able to sell without missed opportunities.」
The initiative of promptly introducing brand products strengthened through the business collaboration continues. - FY2020-Q1RestatedAnnual report
「By displaying the fresh and appealing “ピート products,” for which the company began business collaboration in the previous fiscal year, at its stores, the company increased the rate of customers entering its stores.」
The company states that, even after its capital relationship with ピート was reduced at the end of the previous fiscal year, it continued displaying ピート products at its stores under the business collaboration. - FY2019SoftenedAnnual report
「On 28 February 2019, the company sold 26,200 shares of ピート, reducing its holdings to 12,400 shares.」
While the initiatives with ピート involving brand sales and franchising continue, the company’s holdings fell to 12,400 shares following the sale of 26,200 shares, reducing the capital relationship. - FY2019-Q3AdvancedAnnual report
「Since November, we have been installing dedicated sections in 18 of our stores to focus on selling ピート brand products. We have also begun developing the franchise business under which we open and operate ピート's G-LAND brand shops as our stores, and have opened 1 store.」
The development of ピート’s brands and expansion of sales channels progressed to the implementation stage, with priority sales corners established at 18 of the company’s stores and 1 G-LAND franchise store opened. - FY2019-Q2First statedAnnual report
「With regard to the capital alliance, the company is seeking to strengthen ピート’s capital base and raise funds by acquiring 38,600 treasury shares held by ピート for ¥40 million. Depending on circumstances, it plans to provide financing through loans in the future. In addition, the company intends to strengthen the development of highly distinctive brands by exclusively selling, outside ピート’s directly operated stores, product lines that ピート had previously carried only at its own stores, making them unavailable at other retailers, and to develop new sales channels and expand its business by franchising brands contracted by ピート as a medium- to long-term initiative, among other measures.」
On 11 July 2018, the company acquired 38,600 shares of ピート for ¥40 million and made the company and its 2 subsidiaries consolidated subsidiaries. It has positioned exclusive sales using ピート’s brands and franchise expansion as short- and medium- to long-term initiatives.