Growth in Large Shopping-Center Stores and Weak Performance at Street-Front Stores
First written in FY2018-Q2. 3 of 8 entries say "Reframed", first in FY2020. Latest entry: FY2024.
Gyet moved to the "Worse" side of this theme in 2019, 4 years before the typical company in this theme (2023).
5 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「The company will also close stores with low profit contributions and downsize large stores with poor inventory efficiency to improve profitability.」
The focus shifted from the previous policy of expanding large stores and developing new formats to a store policy focused on improving profitability, including closing stores with low profit contributions and downsizing large stores with poor inventory efficiency. - FY2023-Q2AdvancedAnnual report
「In store development, the company opened Huhuhu House as a pop-up shop, selling carefully selected products across 3 Korean themes: food, beauty and fashion. In addition to Mac House, its core format, it continued developing formats capable of adapting to diverse commercial facility environments and floor areas.」
The company moved from developing formats centered on large stores to developing formats suited to a variety of commercial facility environments and floor areas, and opened a pop-up shop offering Korean-related products. - FY2023-Q1ReframedAnnual report
「In store development, the company newly opened 3 Good Crew stores, a new format incorporating highly trend-conscious and sustainable fashion themes, and advanced the development of formats capable of adapting to diverse commercial facility environments and floor areas, in addition to Mac House, its core format.」
The company is shifting its focus from store development centered on large shopping-center stores to developing formats that can accommodate a diverse range of commercial facility environments and floor areas while maintaining its core formats. - FY2020ReframedAnnual report
「Regarding the change in store development strategy, the company reconsidered opening large stores with sales floors exceeding 300 tsubo and launched NAVY®, a new format with sales floors of around 100 tsubo, in October.」
The company indicated a shift from its previous store development strategy centered on large shopping-center stores, reviewing openings of stores exceeding 300 tsubo and shifting its focus toward new formats of around 100 tsubo. - FY2019WorsenedAnnual report
「Among newly opened large stores, some generated sales as expected, while others fell substantially short of expectations and became unprofitable.」
The company added to its previous description of growth at large shopping-center and station-building stores that some newly opened large stores fell substantially short of expectations and became unprofitable. - FY2018Continued strong performance at large stores and weak performance at aging street-front stores; wording of store mix changedAnnual report
「In terms of net sales, newly opened or relocated large stores, mainly in shopping centers and station buildings, steadily increased sales, while aging street-front stores, which account for more than 30% of the number of stores, performed weakly.」
While growth at large shopping-center and station-building stores and weak performance at aging street-front stores continued, the stated proportion of street-front stores changed from approximately 40% in the previous disclosure to more than 30%. - FY2018-Q3Continued growth at large stores and weak performance at aging street-front storesAnnual report
「In terms of net sales, newly opened or relocated large stores, mainly in shopping centers and station buildings, steadily increased sales, while aging street-front stores, which account for approximately 40% of the number of stores, performed weakly.」
Growth at large shopping-center and station-building stores and weak performance at aging street-front stores, which account for approximately 40% of the number of stores, have continued. - FY2018-Q2First statedAnnual report
「In terms of net sales, newly opened or relocated large stores, mainly in shopping centers, steadily increased sales, while street-front stores, which account for approximately 40% of the number of stores, performed weakly.」
The company first described the performance gap by store format and location, with newly opened and relocated large shopping-center stores growing, while street-front stores, which account for approximately 40% of the number of stores, performed weakly.