Higher average spend per customer and fewer customers following price increases
First written in FY2019-Q1. 6 of 11 entries say "Restated". Latest entry: FY2026.
G-7 Holdings moved to the "Worse" side of this theme in 2022, 3 years after the typical company in this theme (2019).
The whole theme swung hardest in 2018: 16 of 41 companies on the "Worse" side.
25 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The retail industry continues to face a challenging business environment, including higher costs such as procurement prices, a deterioration in consumer sentiment due to continued price increases, and intensifying competition across industries and business formats.」
Concerns that higher procurement costs and inflation will weaken consumer sentiment continue. - FY2026-H1RestatedAnnual report
「Continuing inflation is affecting private consumption through a downturn in consumer sentiment and other factors.」
The concern that inflation will weaken consumer sentiment and affect private consumption continues to be mentioned. - FY2025RestatedAnnual report
「The retail industry continues to face a challenging business environment, including rising costs such as raw materials and labor, as well as concerns that continued price increases will further strengthen consumers' cost-consciousness.」
Concerns about consumers' inclination to economise due to inflation and higher costs continue. - FY2025-H1RestatedAnnual report
「Stagnation in consumer sentiment due to high prices and natural disasters」
Concerns that high prices and other factors will dampen consumer sentiment continue to be mentioned as factors affecting the consumer environment. - FY2024-Q3RestatedAnnual report
「As inflation driven by the weaker yen and surging raw material and energy prices continues, and product and service prices are being reviewed, consumers are becoming more inclined to economise.」
The situation in which price reviews and inflation are encouraging consumers to economise continues to be mentioned. - FY2024-Q2RestatedAnnual report
「As price increases for necessities and the downward trend in real wages continue, consumers are becoming increasingly inclined to economise and seek lower prices.」
The situation in which price increases and declining real wages are strengthening consumers' inclination to economise and seek lower prices continues to be mentioned. - FY2024-Q1ReframedAnnual report
「As price increases for a broad range of goods and services continue alongside a downward trend in real wages, consumers are becoming increasingly inclined to economise and seek lower prices.」
Regarding the impact of price increases, the focus has shifted from the previous description of higher average spend per customer and fewer customers to declining real wages and consumers' increasing inclination to economise and seek lower prices. - FY2023ReframedAnnual report
「The difficult operating environment is continuing, with concerns that successive price increases for necessities and other goods will dampen private consumption.」
The focus has shifted from the previous description of higher average spend per customer and fewer customers following price increases to concerns that successive price increases for necessities and other goods will dampen private consumption. - FY2023-Q2ReframedAnnual report
「The broad range of product price increases accompanying higher energy and raw material prices may lead to a prolonged stagnation in private consumption.」
Regarding price increases, the wording has changed from the actual increase in average spend per customer and decline in customer numbers to concerns about stagnation in private consumption driven by higher energy and raw material prices. - FY2023-Q1ReframedAnnual report
「Successive price increases driven by surging energy prices and logistics costs may encourage consumers to economise.」
Regarding price increases, the focus has shifted from the actual increase in average spend per customer and decline in customer numbers to the possibility that surging energy prices and logistics costs may encourage consumers to economise. - FY2019-Q1First statedAnnual report
「Although the average spend per customer increased due to price increases, the number of customers declined.」
The situation in which price increases lifted average spend per customer while reducing customer numbers is mentioned as part of the operating environment for the retail industry.