Introduction and expansion of redemption-based operations in China
First written in FY2020-Q1. 2 of 3 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2020-Q3.
No other company in this theme has enough history to compare yet.
- FY2020-Q3AdvancedAnnual report
「As part of the "business transformation" identified as a key issue for the current period, the company has been promoting the conversion to machines using the redemption model, in which points earned based on game results can be exchanged for prizes. Conversion was completed at 64 stores during the cumulative third-quarter consolidated period, and sales rose 23.9% compared with before implementation.」
Conversion to the redemption model was completed at 64 stores in China, and sales rose 23.9% compared with before implementation. The rollout expanded from 47 stores in the second quarter. - FY2020-Q2AdvancedAnnual report
「The company has been introducing machines switched to the redemption model, a new initiative implemented from the current period in which points earned based on game results can be exchanged for prizes. As of the end of August, the model had been introduced at 47 stores, and sales at participating stores rose 22.4% year on year.」
In China, the number of stores using the redemption model was expanded from 7 in the first quarter to 47 as of the end of August, and sales at participating stores rose 22.4% year on year. - FY2020-Q1First statedAnnual report
「The formation of a joint venture in March 2019 enabled a new initiative: operating under a redemption model, in which points earned based on game results can be exchanged for prizes. In the first quarter, 7 stores obtained licenses and began operations. Sales after implementation improved by approximately 11%, and the company has continued expanding the number of participating stores sequentially since June.」
The redemption model was introduced at 7 stores in China, and sales after implementation improved by approximately 11%. The company indicated a policy of expanding the number of participating stores from June onward.