Store closures and shorter operating hours, and impact on customer traffic, due to the state of emergency
First written in FY2021-Q3. 5 of 9 entries say "Mitigated", first in FY2022-Q1. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024MitigatedAnnual report
「In the retail division, customer traffic increased and average selling prices also rose, supported by the effects of television commercials, initiatives targeting gift demand around Christmas and other occasions, increased inbound demand, and the performance of the company's contracted athletes at the Paris Olympics. The division also opened a new store at THE OUTLETS HIROSHIMA in Hiroshima, Hiroshima Prefecture, in May 2024. As a result, sales were ¥592.913 million, up 33.6% from the previous fiscal year.」
References to the impact of restrictions on activity were removed, while television commercials, gift demand, inbound demand and athletes' performance at the Paris Olympics helped retail sales reach ¥592.913 million, up 33.6% from the previous fiscal year. - FY2024-Q1MitigatedAnnual report
「In the retail division, customer traffic increased and remained firm, supported by the effects of television commercials, initiatives targeting gift demand around Christmas and other occasions, and increased inbound demand. As a result, sales were ¥145.909 million, up 33.1% year on year.」
Television commercials, initiatives targeting gift demand and increased inbound demand increased customer traffic, and retail sales reached ¥145.909 million, up 33.1% year on year. - FY2023MitigatedAnnual report
「In the retail division, customer traffic increased and remained firm after restrictions on activity were lifted, supported by the effects of television commercials and increased inbound demand.」
The lifting of restrictions on activity, the effects of television commercials and increased inbound demand eased the impact on customer traffic at stores. - FY2023-Q3MitigatedAnnual report
「In the retail division, customer traffic increased and remained firm as restrictions on activity were eased, marketing activities were strengthened and inbound demand increased.」
The easing of restrictions on activity, stronger marketing activities and increased inbound demand increased customer traffic and eased the impact on customer traffic at stores. - FY2022RestatedAnnual report
「There is also a possibility that stores may close or operate for shorter hours following the issuance of another state of emergency. If the business environment deteriorates, the company may be affected in its financial condition, operating results and other areas by a decline in customer visits to businesses with physical locations, including customers and directly operated stores, inventory adjustments by customers, a decline in inbound demand, the spread of infections overseas, and disruptions to procurement from suppliers and subcontractors and to logistics.」
Although the company has seen customer traffic at stores recover, it reaffirms the potential impact of future store closures or shorter operating hours, declining customer traffic and lower inbound demand. - FY2022-Q3RestatedAnnual report
「In the retail division, customer traffic increased and remained firm after the state of emergency was lifted, supported by the effects of television commercials and the performance of the company's contracted athletes at the Beijing Olympics. As a result, sales were ¥269.698 million, up 29.7% year on year.」
After the state of emergency was lifted, customer traffic increased, partly because of marketing factors, reaffirming the reduced impact on customer traffic at stores. - FY2022-Q2RestatedAnnual report
「In the retail division, customer traffic increased and remained firm after the state of emergency was lifted, supported by the effects of television commercials and the performance of the company's contracted athletes at the Beijing Olympics. As a result, sales were ¥177.538 million, up 23.2% year on year.」
After the state of emergency was lifted, customer traffic increased, partly because of television commercials and the performance of contracted athletes, reaffirming the reduced impact on customer traffic at stores. - FY2022-Q1MitigatedAnnual report
「In the retail division, customer traffic increased and remained firm after the state of emergency was lifted and marketing activities were strengthened. As a result, sales were ¥92.337 million.」
The lifting of the state of emergency and marketing activities eased the impact on customer traffic from the previous store closures and shorter operating hours. - FY2021-Q3First statedAnnual report
「In the retail division, some stores were closed or operated for shorter hours under the state of emergency, resulting in difficult conditions for attracting customers. After the state of emergency was lifted, however, customer traffic recovered rapidly, coinciding with the effects of television commercials and demand for Father's Day gifts. Sales were ¥207.980 million.」
The company describes store closures, shorter operating hours and deteriorating customer traffic, while also noting the recovery in customer traffic after the state of emergency was lifted.