Closure of Unprofitable Stores and Expense Reduction
First written in FY2017-Q1. 25 of 37 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2027-H1.
The whole theme swung hardest in 2018: 4 of 36 companies on the "Worse" side.
27 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「No new stores were opened and 1 store was closed, bringing the total number of stores at the end of the interim consolidated fiscal period to 324, including 276 stores offering the food delivery service. In addition, stores where improved profitability was not expected were relocated, and physical improvements such as parking-lot expansions were made to strategically enhance competitiveness against rival stores by improving customer convenience.」
As part of store optimization, no new stores were opened and 1 store was closed, bringing the total number of stores to 324. Relocations of stores where improved profitability was not expected and physical improvements such as parking-lot expansions are being pursued. - FY2026-H1AdvancedAnnual report
「In store development, 1 new store opened and 3 stores closed, bringing the total number of stores at the end of the interim period to 327. We are also proceeding sequentially with renovations of stores that have been converted for more than 7 years to improve equipment functionality. We will continue to relocate stores where earnings improvement is not expected and promote hard improvements, including expanding parking areas to improve customer convenience.」
Closures and relocations are continuing as measures for addressing stores where an improvement in profitability is not expected, while optimization of costs and facilities is also being pursued through remodeling stores that have been in operation for 7 years since conversion and expanding parking lots. - FY2025AdvancedAnnual report
「In store development, 5 new stores opened and 4 stores closed, bringing the total number of stores at the end of the fiscal year to 329. We are also proceeding sequentially with renovations of stores that have been converted for more than 7 years to improve equipment functionality. We will continue to relocate stores where earnings improvement is not expected and promote hard improvements, including expanding parking areas to improve customer convenience.」
As part of store-base optimization, 5 stores were opened and 4 stores were closed during the year. Remodeling of stores that have been in operation for 7 years since conversion, relocation of stores where an improvement in profitability is not expected, and physical improvements such as parking-lot expansions are being pursued. - FY2025-H1AdvancedAnnual report
「As a result of opening 2 new stores and closing 2 stores, the total number of stores at the end of the current interim consolidated accounting period was 328. We are also progressively remodeling stores that have been in operation for 7 years since conversion, with the aim of improving their facilities and functions. We will continue relocating stores where an improvement in profitability is not expected, while also promoting physical improvements, including parking-lot expansions, to enhance customer convenience.」
As part of store-base optimization, 2 stores were opened and 2 stores were closed during the first half. Improvement measures, including remodeling stores that have been in operation for 7 years since conversion, relocation and parking-lot expansions, are also continuing. - FY2025-Q1AdvancedAnnual report
「No new stores opened and 2 stores closed, bringing the total number of stores at the end of the first quarter to 326. We are also proceeding sequentially with renovations of stores that have been converted for more than 7 years to improve equipment functionality. We will continue to relocate stores where earnings improvement is not expected and promote hard improvements, including expanding parking areas to improve customer convenience.」
As part of store-base optimization, 2 stores were closed, leaving a total of 326 stores. Improvement measures, including remodeling, relocation and parking-lot expansions, are being pursued for stores that have been in operation for 7 years since conversion. - FY2024AdvancedAnnual report
「In store development, the gooz JR Yokohama Tower store was converted to Lawson Three F, 1 new store opened and 7 stores closed, bringing the total number of stores at the end of the fiscal year to 328. We also began sequentially renovating stores that had been converted more than 7 years earlier to improve equipment functionality. We will continue to relocate stores where earnings improvement is not expected and promote hard improvements, including expanding parking areas to improve customer convenience.」
As part of store-base optimization, 7 stores were closed and the relocation of stores where an improvement in profitability is not expected continued. In addition, remodeling of stores that have been in operation for 7 years since conversion and physical improvements such as parking-lot expansions have been initiated and are being pursued. - FY2024-Q3AdvancedAnnual report
「In store development, the gooz JR Yokohama Tower store was converted to Lawson Three F and 3 stores closed, bringing the total number of stores at the end of the third quarter to 331. We will continue to promote the relocation of stores where earnings improvement is not expected, as well as hard improvements such as expanding parking areas to improve customer convenience and renovating stores to improve their appearance and equipment functionality.」
As part of store-base optimization, 3 stores were closed and the relocation of stores where an improvement in profitability is not expected is continuing. In addition, improvements to the physical aspects of stores, including parking-lot expansions and remodeling, are being pursued. - FY2024-Q2AdvancedAnnual report
「In store development, the gooz JR Yokohama Tower store was converted to Lawson Three F. In addition, 1 store closed, bringing the total number of stores at the end of the second quarter to 333. We will continue to promote the relocation of stores where earnings improvement is not expected.」
As part of store-base optimization, 1 gooz store was converted to Lawson Three F and 1 store was closed. The relocation of stores where an improvement in profitability is not expected is also continuing. - FY2024-Q1AdvancedAnnual report
「In store development, no new stores opened and 1 store closed, bringing the total number of stores at the end of the first quarter to 332. We will continue to promote the relocation of stores where earnings improvement is not expected.」
As part of store-base optimization, 1 store was closed and no new stores were opened in the first quarter, leaving a total of 332 stores. Relocation of stores where an improvement in profitability is not expected is also continuing. - FY2023AdvancedAnnual report
「In store development, 5 new stores opened and 8 stores closed, bringing the total number of stores at the end of the fiscal year to 333. We will continue to promote the relocation of stores where earnings improvement is not expected.」
As part of store-base optimization, 8 stores were closed and 5 new stores were opened during the year, while the relocation of stores where an improvement in profitability is not expected continued. - FY2023-Q3AdvancedAnnual report
「In store development, 5 new stores opened and 5 stores closed, bringing the total number of stores at the end of the third quarter to 336. We will continue to promote the relocation of stores where earnings improvement is not expected.」
As part of store-base optimization, 5 stores were closed and 5 new stores were opened in the third quarter, while the relocation of stores where an improvement in profitability is not expected is continuing. - FY2023-Q2AdvancedAnnual report
「In store development, 3 new stores opened and 4 stores closed, bringing the total number of stores at the end of the second quarter to 335. We will continue to promote the relocation of stores where earnings improvement is not expected.」
As part of store-base optimization, 4 stores were closed and 3 new stores were opened in the second quarter, while the relocation of stores where an improvement in profitability is not expected is continuing. - FY2023-Q1AdvancedAnnual report
「In store development, 1 new store opened and 2 stores closed, bringing the total number of stores at the end of the first quarter to 335. We will continue to promote the relocation of stores where earnings improvement is not expected.」
As part of store-base optimization, 2 stores were closed and 1 new store was opened in the first quarter, while the relocation of stores where an improvement in profitability is not expected is continuing. - FY2022AdvancedAnnual report
「In store development, 3 new stores opened and 9 stores closed, bringing the total number of stores at the end of the fiscal year to 336. We will continue to promote the relocation of stores where earnings improvement is not expected.」
As part of store-base optimization, 9 stores were closed and 3 new stores were opened during the year. The relocation of stores where an improvement in profitability is not expected is also continuing. - FY2022-Q3AdvancedAnnual report
「In store development, 1 new store opened and 8 stores closed, bringing the total number of stores at the end of the third quarter to 335. We will continue to promote the relocation of stores where earnings improvement is not expected.」
As a measure for addressing stores where an improvement in profitability is not expected, 8 stores were closed and relocations continued. Following store development activities, the total number of stores at the end of the period was 335. - FY2022-Q2AdvancedAnnual report
「In store development, no new stores opened and 3 stores closed, bringing the total number of stores at the end of the second quarter to 339. We will continue to promote the relocation of stores where earnings improvement is not expected.」
As part of store-base optimization, no new stores were opened and 3 stores were closed during the quarter. Relocations are also continuing as a measure for addressing stores where an improvement in profitability is not expected. - FY2022-Q1AdvancedAnnual report
「In store development, no new stores opened and 2 stores closed, bringing the total number of stores at the end of the first quarter to 340. We will continue to promote the relocation of stores where earnings improvement is not expected.」
As a measure for addressing stores where an improvement in profitability is not expected, 2 stores were closed and no stores were opened in the first quarter. Relocations are also continuing. - FY2021AdvancedAnnual report
「In store development, 3 new stores opened and 12 stores closed, bringing the total number of stores at the end of the consolidated accounting period to 342. We will continue to promote the relocation of stores where earnings improvement is not expected even after the brand conversion.」
As a measure for addressing stores where an improvement in profitability is not expected, 12 stores were closed and relocations also continued. - FY2021-Q3AdvancedAnnual report
「In store development, 3 new stores opened and 11 stores closed, bringing the total number of stores at the end of the third quarter to 343. We will continue to promote the relocation of stores where earnings improvement is not expected even after the brand conversion.」
As part of store-base optimization, 11 stores were closed and 3 new stores were opened in the third quarter. The relocation of stores where an improvement in profitability is not expected even after brand conversion is continuing. - FY2021-Q2AdvancedAnnual report
「In store development, 3 new stores opened and 8 stores closed, bringing the total number of stores at the end of the second quarter to 346. We will continue to promote the relocation of stores where earnings improvement is not expected even after the brand conversion.」
As part of store-base optimization, 8 stores were closed in the second quarter, and the relocation of stores where an improvement in profitability is not expected is continuing. 3 new stores were opened, bringing the total to 346 stores. - FY2021-Q1AdvancedAnnual report
「In store development, no new stores opened and 4 stores closed, bringing the total number of stores at the end of the first quarter to 347. We will continue to promote the relocation of stores where earnings improvement is not expected even after the brand conversion.」
As part of store-base optimization, 4 stores were closed and no stores were opened during the first quarter. The policy is to continue relocating stores where an improvement in profitability is not expected. - FY2020-Q3RestatedAnnual report
「We will continue promoting the relocation of stores where an improvement in profitability is not expected even after brand conversion.」
The policy of optimizing the store base has shifted from a focus on closures to continuing the relocation of stores where an improvement in profitability is not expected. - FY2020-Q2RestatedAnnual report
「We will continue promoting the relocation of stores where an improvement in profitability is not expected even after brand conversion.」
The policy for addressing unprofitable stores and stores where an improvement in profitability is not expected has been reiterated, with relocation, rather than closure alone, as the central measure. - FY2020-Q1ReframedAnnual report
「In store development, 1 new store opened to replace a store closed in the previous fiscal year, bringing the total number of stores at the end of the first quarter to 355. We will continue to focus on relocating stores where earnings improvement is not expected even after the brand conversion.」
The description has shifted from a focus on closing unprofitable stores to optimizing the store base, centered on opening replacement stores for closed locations and relocating stores where an improvement in profitability is not expected. - FY2019AdvancedAnnual report
「We closed 2 stores where the benefits of brand conversion were limited and an improvement in profitability was not expected in the future.」
2 stores where the benefits of brand conversion were limited and an improvement in profitability was not expected were closed. - FY2019-Q3RestatedAnnual report
「As a result, operating revenues for the first 3 quarters of the current consolidated fiscal year were ¥9,112 million, down 12.6% year on year. The year-on-year decrease was due to the decline in the total number of stores resulting from the closure of stores excluded from conversion to Lawson Three F.」
The decline in the total number of stores resulting from the closure of stores excluded from the brand conversion program continues to be cited as a factor behind the year-on-year decrease in operating revenues. - FY2019-Q2RestatedAnnual report
「Operating revenues for the first half of the current consolidated fiscal year were ¥6,074 million, down 19.5% year on year, due to the decline in the total number of stores resulting from the closure of stores excluded from conversion to Lawson Three F.」
Measures to optimize store scale through the closure of stores excluded from the brand conversion program are continuing. - FY2019-Q1RestatedAnnual report
「As a result, although average sales at stores that began operating as “Lawson Three F” increased by approximately 10% compared with when they operated under the single “Three F” brand, operating revenue for the cumulative first quarter was ¥2,886 million, down 25.9% year on year, due to the decline in the total number of stores following the closure of stores not subject to conversion. We recorded an operating loss of ¥261 million, an ordinary loss of ¥246 million, and a quarterly net loss attributable to owners of the parent of ¥188 million, due in part to costs associated with store conversions.」
Optimization of store scale and costs through the closure of stores excluded from the conversion program is continuing. The closures have reduced the total number of stores and affected operating revenues. - FY2018AdvancedAnnual report
「With regard to store numbers, 3 unprofitable stores were closed, leaving a total of 3 stores as of 28 February 2018.」
Regarding the closure of unprofitable stores, gooz closed 3 unprofitable stores. The business scale and cost structure are being optimized through store closures. - FY2018-Q3RestatedAnnual report
「We have been proceeding with preparations to withdraw from franchise headquarters operations and scale back headquarters functions, including closing stores excluded from the conversion program and introducing a voluntary retirement program.」
The policy of closing stores excluded from the brand conversion program and scaling back headquarters functions is continuing as part of preparations for the business transition. - FY2018-Q2RestatedAnnual report
「As part of this business development, we prepared to convert 6 stores to the “Lawson-Three F” brand by the end of August, while also preparing to withdraw from franchise headquarters operations and reduce headquarters functions through measures including closing stores not subject to conversion and introducing a voluntary retirement program.」
The policy of closing stores excluded from the conversion program is continuing as part of preparations to withdraw from franchise headquarters operations and scale back headquarters functions. - FY2017RestatedAnnual report
「As a result, operating revenue for the fiscal year was ¥16,398 million, down 13.9% year on year, due to the decline in the total number of stores following the closure of unprofitable stores, the sell-off of merchandise at closed stores and stores being converted to “Lawson Three F,” the negative impact of the prior-year launch of Yokohama Premium Gift Certificates in August, and weak sales of summer merchandise caused by unsettled summer weather. We recorded an operating loss of ¥1,690 million and an ordinary loss of ¥1,753 million. However, due in part to recording ¥1,449 million as extraordinary income for consideration received for the company split involving Lawson, the net loss attributable to owners of the parent was ¥722 million.」
The policy of reducing the store base and improving the expense and profitability structure through the closure of unprofitable stores is continuing. The number of stores decreased by 101, from 539 to 438, at the end of the fiscal year. - FY2017-Q3RestatedAnnual report
「We are promoting the closure of loss-making stores where an improvement in profitability is not expected in the future. During the third quarter cumulative period of the current consolidated fiscal year, we closed 69 stores. We will reduce expenses and improve profitability by cutting store maintenance costs following closures and increasing operational efficiency through a review of the allocation of store supervisors.」
The policy of closing loss-making stores and reducing store maintenance costs and expenses is continuing. The number of closures remains unchanged at 69, the cumulative second-quarter figure. - FY2017-Q2AdvancedAnnual report
「We are promoting the closure of loss-making stores where an improvement in profitability is not expected in the future. During the second quarter cumulative period of the current consolidated fiscal year, we closed 69 stores. We will reduce expenses and improve profitability by cutting store maintenance costs following closures and increasing operational efficiency through a review of the allocation of store supervisors.」
The number of loss-making stores closed reached 69 on a cumulative second-quarter basis, and reductions in store maintenance costs and expenses through a review of store supervisor allocations are continuing. - FY2017-Q1First statedAnnual report
「We are promoting the closure of loss-making stores where an improvement in profitability is not expected in the future. During the first quarter cumulative period of the current consolidated fiscal year, we closed 46 stores. We will reduce expenses and improve profitability by cutting store maintenance costs following closures and increasing operational efficiency through a review of the allocation of store supervisors.」
We are proceeding with the closure of loss-making stores where an improvement in profitability is not expected, and closed 46 stores during the quarter. Expense reduction through lower store maintenance costs and a review of store supervisor allocations is being pursued.