Closure and Downsizing of Physical-Store Operations
First written in FY2021-Q3. 3 of 10 entries say "Advanced", first in FY2021. Latest entry: FY2026.
Jade Group moved to the "Worse" side of this theme in 2026.
0 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「In the brand business, MALTAMI, BLUE CYNTHIA and ROYAL were added from the current consolidated fiscal year, and these 3 brands, together with REEBOK, FASCINATE and MANGO, are operated through e-commerce, stores and wholesale channels.」
The business structure has shifted from a description centered on the closure and downsizing of the stores and wholesale businesses to the operation of e-commerce, physical stores, and wholesale businesses across multiple brands, including Royal. - FY2024AdvancedAnnual report
「GMV for the business during the current consolidated fiscal year was ¥2,208.600 million, up 226.4% year on year, and sales were ¥2,129.583 million, up 212.5%.」
The business structure shifted from the previous trend of store closures and downsizing to a stores and wholesale business centered on Reebok sales through physical stores and retailers by RBKJ, resulting in substantial increases in GMV and sales. - FY2024-Q3AdvancedAnnual report
「In the stores and wholesale business, RBKJ primarily sells through physical stores and to retailers. GMV for the business during the cumulative third quarter of the current consolidated fiscal year was ¥1,660.495 million, up 415.4% year on year, and sales were ¥1,590.726 million, up 396.2%.」
GMV and sales increased substantially year on year in the stores and wholesale business centered on sales through physical stores and retailers by RBKJ. - FY2024-Q2RestatedAnnual report
「In the stores and wholesale business, RBKJ primarily sells through physical stores and to retailers. GMV for the business during the cumulative second quarter of the current consolidated fiscal year was ¥1,191.763 million, and sales were ¥1,142.652 million.」
The company continues to describe the stores and wholesale business as being centered on Reebok sales through physical stores and retailers by RBKJ, reporting GMV of ¥1,191.763 million and sales of ¥1,142.652 million. - FY2023RestatedAnnual report
「In the stores and wholesale business, RBKJ primarily sells through physical stores and to retailers. GMV for the business during the current consolidated fiscal year was ¥676.725 million, and sales were ¥681.552 million.」
The company presents full-year results for the stores and wholesale business as being centered on Reebok sales through physical stores and retailers by RBKJ. - FY2023-Q3ReframedAnnual report
「In the stores and wholesale business, RBKJ primarily sells through physical stores and to retailers. GMV for the business during the cumulative third quarter of the current consolidated fiscal year was ¥322.185 million, and sales were ¥320.591 million.」
The description has shifted from a decline in the stores and wholesale businesses due to previous store closures and downsizing to a structure centered on sales through physical stores and retailers by RBKJ, which operates the Reebok business. - FY2023-Q2The decline narrowed, but remains at a low levelAnnual report
「GMV for the business during the cumulative second quarter of the current fiscal year was ¥70.076 million, down 65.9% year on year, and sales were ¥70.076 million, also down 65.9%.」
The stores and wholesale businesses continued to post a substantial decline of 65.9% year on year. The decline narrowed slightly from the 70.4% year-on-year decline in the first quarter, but the business remains small. - FY2023-Q1WorsenedAnnual report
「In the other businesses, including stores and wholesale, the company primarily uses inventory purchased by LOCONDO to sell through physical stores and retailers. GMV for the business during the cumulative first quarter of the current fiscal year was ¥35.149 million, down 70.4% year on year, and sales were ¥35.149 million, also down 70.4%.」
GMV and sales in the stores and wholesale businesses both declined 70.4% year on year, indicating that the contraction in the physical-store-related business continues. - FY2021AdvancedAnnual report
「Due to the closure of stores during the current consolidated fiscal year, GMV for the business during the year, after returns, was ¥557.763 million, down 52.8% from the previous consolidated fiscal year, and sales were ¥550.228 million, down 43.7%.」
The company closed physical stores throughout the fiscal year and provided specific figures showing declines in GMV and sales in the stores and wholesale businesses. - FY2021-Q3First statedAnnual report
「In the other businesses, including stores and wholesale, the company primarily uses inventory purchased by LOCONDO to sell through physical stores and retailers. Due to the closure of stores during the cumulative third quarter of the current consolidated fiscal year, GMV for the business during the period, after returns, was ¥442.078 million, down 52.3% year on year, and sales were ¥434.931 million, down 44.2%.」
The company describes the closure of physical stores for the first time as a separate operational change, with GMV and sales in the stores and wholesale businesses declining substantially year on year.