Store Closures and Deteriorating Performance Due to COVID-19
First written in FY2020. 5 of 10 entries say "Materialised", first in FY2020. Latest entry: FY2024-Q1.
House Of Rose moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 68 of 90 companies on the "Worse" side.
33 other companies' latest entry also says "Mitigated".
- FY2024-Q1MitigatedAnnual report
「The domestic economy showed a gradual recovery in the first quarter under review as measures to combat COVID-19 were eased, and corporate earnings generally began to improve.」
As measures to combat COVID-19 were eased, the domestic economy and corporate earnings showed a gradual recovery, and the impact of COVID-19 on the business environment had eased compared with the previous fiscal year. - FY2023RestatedAnnual report
「If COVID-19 or another infectious disease spreads or becomes prevalent again, it may affect the company's financial position and business performance. If such a situation occurs, the company will monitor the nature and spread of the infectious disease, place the safety and health of customers, employees and related parties first, and implement the necessary infection-control measures at its stores so that all customers can shop with confidence.」
While stating that the impact of COVID-19 has subsided, the company has reaffirmed the risk of an impact on performance if the disease resurges and the infection-control measures to be taken at stores. - FY2023-Q1MitigatedAnnual report
「Although operations had largely returned to normal during the period, customer traffic, particularly at department stores, remained weak, and restrictions continued on customer interactions involving physical contact with the skin, a strength exemplified by hand wash products. As a result, the number of existing customers in particular remained sluggish, falling short of expectations.」
Although operations had largely returned to normal from closures and reduced hours due to COVID-19, restrictions on contact-based customer service and the delayed recovery in customer traffic remain. - FY2022Performance recovery while the impact of COVID-19 continuedAnnual report
「The spread of COVID-19 may force the company to take measures such as temporary closures and changes to operating hours.」
While the company continues to disclose the risk of closures and changes to operating hours due to COVID-19, sales increased across all businesses during the period and consolidated operating profit also recovered. - FY2022-Q3MitigatedAnnual report
「The state of emergency and other measures declared in response to COVID-19 were lifted, and the severe situation gradually eased. Consumer sentiment also began to recover, and signs of a rebound emerged in the performance of physical stores as well as mail-order businesses.」
The impact of COVID-19 involving store closures gradually eased following the lifting of the state of emergency and other measures, and signs of a recovery also emerged in the performance of physical stores. - FY2022-Q1MaterialisedAnnual report
「In the House of Rose directly operated store business, some stores in the affected areas closed or reduced their hours following the declaration of the state of emergency and other measures.」
In response to the declaration of a state of emergency and other measures prompted by COVID-19, some directly operated stores in the affected areas actually closed or reduced their hours. - FY2021MaterialisedAnnual report
「At House of Rose directly operated stores, nearly all stores were forced to close for varying periods following the declaration of the state of emergency in April due to the spread of COVID-19.」
Store closures due to COVID-19 occurred throughout the fiscal year, and the resulting decline in directly operated store sales and impact on operations continued. - FY2021-Q2MaterialisedAnnual report
「In the core House of Rose directly operated store division, nearly all stores were forced to close for varying periods after the state of emergency was declared. During this period, the head office took the lead in establishing a system for accepting customer orders and worked to direct customers to online shopping and ship products through mail-order channels, but store sales for April–May decreased 63.5% year on year.」
Nearly all directly operated stores closed due to COVID-19 during the second quarter as well, and store sales for April–May decreased 63.5% year on year. - FY2021-Q1MaterialisedAnnual report
「In the core House of Rose directly operated store business, nearly all stores nationwide closed after the state of emergency was declared, with 209 of 210 stores temporarily closed at one point.」
Store closures due to COVID-19 spread nationwide, with 209 of 210 stores temporarily closed at one point. - FY2020MaterialisedAnnual report
「As the spread of COVID-19 led many of the locations where stores operated, mainly in the Tokyo metropolitan and Kansai areas, to close or reduce their hours, March 2020 sales decreased 19.9% year on year.」
Store closures and reduced hours at operating locations due to COVID-19 actually occurred, resulting in a 19.9% year-on-year decline in March 2020 sales at directly operated stores.