Efficient Store Operations Through the Consolidation of Beauty Stores
First written in FY2018-Q1. 6 of 8 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2020.
15 other companies' latest entry also says "Advanced".
- FY2020AdvancedAnnual report
「Segment revenue came in at 100.2% of the previous fiscal year’s level. First-half revenue remained strong, driven by merchandise sales of the home-use light-based beauty device launched under the MUSEE PLATINUM brand in April 2019 and efforts to accelerate new store openings under the MAQUIA brand. However, some stores were consolidated and closed following the unification of the beauty hair-removal brands, and visits declined in some regions in the second half due to the reaction to the consumption tax increase and the impact of requests to refrain from going out.」
While implementing store consolidation and closures associated with the brand unification, the Company supported first-half revenue through the home-use light-based beauty device and accelerated new store openings under MAQUIA. Operations combining store efficiency improvements with the expansion of new channels progressed. - FY2020-Q3AdvancedAnnual report
「During the third quarter, the MUSEE PLATINUM brand opened 2 stores, the “Nagano Tokyu Department Store” and the “Aeon Mall Narutomigaoka Store,” relocated 1 store through store consolidation and closures, and closed 3 stores. As of the end of December 2019, the number of stores was 191, compared with 177 in the same period of the previous year.」
MUSEE PLATINUM opened 2 stores, relocated 1 store and closed 3 stores, continuing operations that combine store consolidation and closures with new openings. The number of stores increased from 177 in the same period of the previous year to 191. - FY2020-Q2AdvancedAnnual report
「During the second quarter, the MUSEE PLATINUM brand opened the “Aeon Mall Asahikawa Nishi Store” in Hokkaido and the “Grand Kawasaki Zero Gate Store” in Kanagawa Prefecture, while closing a total of 8 stores through consolidation and closures. As of the end of September 2019, the number of stores was 192, compared with 174 in the same period of the previous year.」
MUSEE PLATINUM opened 2 new stores and closed 8 stores through consolidation and closures, bringing the total from 174 in the same period of the previous year to 192. It is advancing efficient store operations by combining new openings with consolidation and closures. - FY2020-Q1AdvancedAnnual report
「Following the integration with the Coloree brand, the MUSEE PLATINUM brand had 198 stores as of the end of June 2019, compared with 173 at the end of the first quarter of the previous consolidated fiscal year.」
Following the brand integration with Coloree, the number of MUSEE PLATINUM brand stores increased from 173 at the end of the same period of the previous year to 198. - FY2019AdvancedAnnual report
「For the full year, 11 new stores were opened, bringing the number of stores at the end of the consolidated fiscal year to 180, compared with 170 at the end of the previous consolidated fiscal year.」
After shifting from store consolidation and closures to accelerated new store openings, MUSEE PLATINUM opened 11 new stores during the year, increasing the total from 170 to 180 stores. - FY2019-Q3AdvancedAnnual report
「The MUSEE PLATINUM brand continued to accelerate new store openings to achieve more efficient store operations. It opened the “Matsuyama Store” in Ehime Prefecture in November 2018, and the “Kyoto Sakaimachi-dori Store” in Kyoto Prefecture and the “Aeon Hofu Store” in Yamaguchi Prefecture in December of the same year, bringing the total to 177 stores, compared with 172 at the end of the third quarter of the previous consolidated fiscal year.」
The policy of achieving efficient store operations progressed to include not only consolidation and closures but also accelerated new store openings. 3 stores were opened in the third quarter, bringing the total to 177 stores. - FY2019-Q2ReframedAnnual report
「To achieve more efficient store operations, the MUSEE PLATINUM brand shifted from the store consolidation and closure phase to the new store opening phase under the store development plan implemented since the previous consolidated fiscal year. During the second quarter, it opened its first stores in Fukui and Tottori prefectures, the “Apita Fukui Yawata Store” and “Tottori Trinity Mall Store,” respectively. At the same time, it closed 1 store in Hyogo Prefecture, bringing the total to 174 stores, compared with 178 at the end of the same period of the previous year.」
The store development plan aimed at efficient store operations shifted from the consolidation and closure phase to the new store opening phase. While 2 new stores were opened, 1 store was closed, bringing the total to 174 stores. - FY2018-Q1First statedAnnual report
「As a result of recording ¥31.454 million in exit costs related to store consolidation and closures to achieve efficient store operations in the beauty business, ¥16.230 million in donations for charitable activities and ¥164.587 million in total income taxes and other taxes, net loss for the quarter attributable to owners of the parent was ¥311.862 million, compared with quarterly net income attributable to owners of the parent of ¥847.992 million in the same period of the previous year.」
The Company implemented store consolidation and closures to achieve efficient store operations in the beauty business and recorded ¥31.454 million in exit costs.