Strengthening Bridal Sales of Jewelry Products
First written in FY2020-Q2. 2 of 5 entries say "Dropped", first in FY2020-Q3. Latest entry: FY2021-Q3.
No other company in this theme has enough history to compare yet.
- FY2021-Q3AchievedAnnual report
「In the third quarter of the current consolidated fiscal year, Bulova Trading (Shanghai) Co., Ltd and シチズン宝飾㈱ were excluded from the scope of consolidation because they were being liquidated.」
シチズン宝飾 was excluded from the scope of consolidation due to liquidation, and implementation of the withdrawal policy progressed in place of the previous efforts to strengthen jewelry product and bridal sales. - FY2021-Q2DroppedAnnual report
「Sales declined following the withdrawal from jewelry products.」
The disclosure describes a sales decline resulting from the withdrawal rather than efforts to strengthen jewelry product sales, indicating that the previous bridal-sales initiative is being brought to an end. - FY2020AdvancedAnnual report
「Jewelry product sales declined despite signs of a recovery in demand for high-priced products, due to the decline following the consumption tax increase, sluggish sales at department stores and specialty retailers, particularly in regional areas, and reduced sales activities ahead of the company’s liquidation and the transfer of certain businesses.」
The jewelry business entered a phase of scaling back sales activities ahead of the company’s liquidation and the transfer of certain businesses, and implementation of the withdrawal policy progressed. - FY2020-Q3DroppedAnnual report
「At a meeting of the Board of Directors held on 23 January 2020, the company resolved to transfer the bridal business and other operations of its consolidated subsidiary シチズン宝飾株式会社 to セント・ピュール株式会社 and signed a business transfer agreement on the same date. Effective date of the transfer: 30 June 2020 (scheduled). 1. Main reason for the transfer: The transfer is related to the withdrawal from and liquidation of the business of シチズン宝飾株式会社.」
The company resolved to transfer the business targeted by the previous bridal-sales initiative in connection with its withdrawal from and liquidation, bringing the initiative toward completion. - FY2020-Q2First statedAnnual report
「Jewelry product sales increased as the core marriage-ring category grew following efforts to strengthen bridal sales, while sales at exhibitions and wholesale sales also remained stable.」
The company described measures to strengthen bridal sales and grow its core marriage-ring category.