Expansion into the apparel business through a share exchange with Lovely Queen
First written in FY2018-Q3. 7 of 9 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2020.
No other company in this theme has enough history to compare yet.
- FY2020DroppedAnnual report
「The company decided to transfer all shares in LQ社 to 株式会社Ｊｒｏｕｔ.」
The policy of entering and remaining in the apparel business through ラブリークィーン ended with the decision on 3 June 2020 to transfer all shares. - FY2020-Q3AdvancedAnnual report
「In the apparel division, during the third quarter, the company strengthened bundled sales at stores, conducted joint campaign planning with group companies, and expanded the number of stores handling its products through e-commerce.」
In the apparel division, the company implemented bundled sales at stores, joint campaign planning with group companies, and expansion of the number of stores handling its products through e-commerce. - FY2020-Q2AdvancedAnnual report
「In the apparel division, the company conducted enhanced sales training for staff at individual stores, a campaign ahead of the consumption tax increase, and measures to expand the number of stores handling its products through e-commerce during the second quarter. While sales at the "TISEE" e-commerce site increased year on year, the number of stores carrying its products declined because mass retailers closed stores, among other factors. Division sales were 97.4% of the year-earlier level, and division profit was 83.4%.」
In ラブリークィーン's apparel division, the company conducted enhanced sales training, a campaign ahead of the consumption tax increase, and expanded the number of stores handling products through e-commerce. E-commerce sales increased, but division sales and profit fell below the year-earlier levels because mass retailers closed stores, among other factors. - FY2020-Q1AdvancedAnnual report
「During the first quarter, the company conducted training for frontline staff nationwide and strengthened promotional measures for summer product sales to improve sales capabilities. It also strengthened sales activities to increase the number of stores carrying its products and expanded event-based sales outside stores. However, the number of stores carrying its products declined year on year because mass retailers carrying the products closed stores, among other factors. Sales were 99.5% of the year-earlier level, while segment profit remained below the year-earlier level.」
At ラブリークィーン, the company conducted staff training, promotions, sales activities to expand the number of stores carrying its products, and event-based sales. However, the number of stores carrying its products and segment profit fell below the year-earlier levels because mass retailers closed stores, among other factors. - FY2019AdvancedAnnual report
「The fourth quarter of the fiscal year was the busy season, with demand concentrated around seasonal wardrobe changes and events such as graduation and entrance ceremonies, and both brand sales and brand profit performed well. During the quarter, the company withdrew from 11 stores because mass retailers carrying its products closed stores, while working to strengthen new store openings to secure sales channels. It opened 11 new stores, bringing the number of stores carrying its products to 444 at the end of the fiscal year.」
Following the full-year consolidation of ラブリークィーン, sales and profit performed well during the busy season. The company withdrew from 11 stores but opened 11 new stores, bringing the number of stores carrying its products to 444. - FY2019-Q3AdvancedAnnual report
「During the third quarter of the fiscal year, the company reopened its proprietary e-commerce site "TISEE" following a renewal and conducted sales activities to increase the number of stores carrying its products, in preparation for the busy fourth quarter.」
For ラブリークィーン, the company reopened its proprietary e-commerce site after a renewal and conducted sales activities to increase the number of stores carrying its products ahead of the busy season. However, sales and brand profit fell below forecast. - FY2019-Q2AdvancedAnnual report
「During the second quarter of the fiscal year, the company strengthened sales activities to increase the number of stores carrying its products, rebuilt its e-commerce site, and launched the new women's businesswear brand "ES by soshe" as measures aimed at improving future profitability.」
For ラブリークィーン, the company expanded the number of stores carrying its products, strengthened sales activities, rebuilt its e-commerce site, and launched the new brand "ES by soshe" as measures to improve profitability after the acquisition. - FY2019-Q1AdvancedAnnual report
「Although this M&A transaction was a business rehabilitation case, the withdrawal from unprofitable stores and the review of the cost structure were largely complete, and first-quarter earnings were broadly in line with the budget.」
For ラブリークィーン, the withdrawal from unprofitable stores and the review of the cost structure were largely complete, demonstrating concrete progress in post-acquisition rehabilitation measures. - FY2018-Q3AchievedAnnual report
「Based on a resolution of the board of directors dated 23 January 2018, the company entered into the following share exchange agreement, which took effect on 13 February 2018.」
The company carried out a share exchange involving the apparel business of 株式会社ラブリークィーン, expecting synergies with its customer base and systems infrastructure, including its e-commerce site, as well as improved profitability. The transaction took effect on 13 February 2018, and 2,573,000 common shares were issued.