Oversupply of Stores in the Sporting Goods Retail Market
First written in FY2018-Q1. 2 of 5 entries say "Restated". Latest entry: FY2023-Q1.
Himaraya moved to the "Worse" side of this theme in 2021.
2 other companies' latest entry also says "Worsened".
- FY2023-Q1WorsenedAnnual report
「In outdoor goods, camping equipment was affected by deteriorating conditions resulting from increased entry by competitors, but」
The group stated that the competitive environment for camping equipment had deteriorated as more competitors entered the market. - FY2021WorsenedAnnual report
「In the competitive environment, in addition to conventional competition from other companies in the same industry, direct sales by manufacturers through their own e-commerce websites and market entry by companies from other industries, particularly in apparel-related product categories, have become increasingly prominent.」
In addition to competition from conventional industry peers, direct-to-consumer manufacturer e-commerce and market entry by companies from other industries have become increasingly prominent, broadening the competitive landscape. - FY2018RestatedAnnual report
「Although demand driven by growing health consciousness remains strong in the sporting goods retail market, personal consumption is expected to become more selective as the national tax and social security burden is projected to increase in the future. In addition, market expansion is difficult to foresee as the declining birth rate and ageing population progress, and competition among companies is therefore expected to intensify.」
Regarding the market environment, the group reiterated the difficult competitive environment resulting from the expansion of store networks, in addition to e-commerce growth. - FY2018-Q2RestatedAnnual report
「Meanwhile, the sporting goods retail market is facing changes in its operating environment, including oversaturation resulting from major chains, including our group, expanding their store networks, and the rapid growth of the e-commerce market.」
The group reiterated the oversaturation resulting from major chains and the rapid growth of the e-commerce market as business-environment risks. - FY2018-Q1First statedAnnual report
「The sporting-goods retail market faces changes in the operating environment, including over-storing resulting from major chains, including our group, expanding their store networks, and the rapid growth of the e-commerce market.」
The group identified for the first time the market’s oversaturation resulting from major chains expanding their store networks as a business-environment risk.