Women's shoes and other categories struggle amid frugality, consumption polarization and sports trends
First written in FY2017-Q1. 13 of 33 entries say "Worsened", first in FY2018-Q1. Latest entry: 2026-08-05.
Regal moved to the "Worse" side of this theme in 2018.
0 other companies' latest entry also says "Materialised".
- 2026-08-05MaterialisedEarnings
「The footwear industry also continues to face a difficult operating environment due to continued consumer thrift as consumers become more defensive in response to rising consumer prices, as well as surging raw-material prices and product procurement costs.」
The difficult environment in the footwear industry, caused by consumer thrift and higher raw-material and procurement costs, continues. - FY2026RestatedAnnual report
「The company's core mid-priced business shoes struggled, with no improvement in market conditions throughout the year.」
While some high-priced products and casual and e-commerce products performed well, weak market conditions for the core mid-priced business shoes continued throughout the full year. - FY2026-H1ReframedAnnual report
「Consumption has become increasingly polarized. Although high-priced products, including the high-value-added upper lines The MASTER REGAL and SHELLAND FOX, have performed well, market conditions for the company's core mid-priced business shoes showed no improvement throughout the interim period.」
The company contrasts strong performance in high-priced products with weak market conditions for its core mid-priced business shoes, illustrating the category-specific effects of polarized consumption. - FY2025RestatedAnnual report
「The operating environment remains challenging due to the continued focus on saving resulting from consumers' growing defensive attitude toward household finances amid rising consumer prices, together with soaring raw material prices and merchandise procurement costs.」
The company continues to describe the footwear industry's challenging environment resulting from consumers' defensive attitude toward household finances and focus on saving, together with soaring raw material prices and procurement costs. - FY2025-H1RestatedAnnual report
「In the footwear industry, inbound demand increased due to the weaker yen, but the operating environment remains challenging due to the continued focus on saving resulting from consumers' growing defensive attitude toward household finances amid rising consumer prices, together with soaring raw material prices and merchandise procurement costs.」
While noting growth in inbound demand, the company continues to describe the challenging environment caused by consumers' focus on saving due to their defensive attitude toward household finances, as well as soaring raw material prices and procurement costs. - FY2024RestatedAnnual report
「As product prices rose, the polarization of consumption between high-value-added products and attractively priced products became increasingly pronounced.」
The company continues to identify the polarization of consumption driven by rising prices as a risk in the footwear industry's operating environment. - FY2024-Q2ReframedAnnual report
「In the footwear industry, the operating environment remains challenging due to soaring raw material prices and merchandise procurement costs. Although demand entered a recovery trend as opportunities to go out increased, rising product prices made the polarization of consumption between high-value-added products and attractively priced products increasingly pronounced.」
While noting signs of a recovery in demand, the company identifies the polarization of consumption between high-value-added products and attractively priced products, driven by rising product prices, as a new key factor. - FY2024-Q1ReframedAnnual report
「In the footwear industry, consumer activity entered a recovery trend, but the operating environment remains challenging due to consumers' growing defensive attitude toward household finances amid rising consumer prices, together with soaring raw material prices and merchandise procurement costs.」
While noting the recovery in consumer activity, the company identifies consumers' growing defensive attitude toward household finances and soaring raw material prices and procurement costs as the main factors behind the footwear industry's difficult performance. - FY2023-Q3WorsenedAnnual report
「In the footwear industry, consumer activity entered a recovery trend as restrictions on activities were eased. However, the overall market for leather shoes is contracting due to changes in values prompted by the COVID-19 pandemic and increasingly diverse work styles, while cautious purchasing resulting from rising consumer prices and soaring raw material prices and merchandise procurement costs have left the operating environment challenging.」
While noting signs of a recovery in consumption, the company explicitly identifies the contraction of the leather shoe market, cautious purchasing resulting from rising prices, and soaring raw material prices and procurement costs as continuing factors behind the difficult performance. - FY2023-Q2ReframedAnnual report
「Consumer activity entered a moderate recovery trend as restrictions on activities were substantially eased. However, the overall market for leather shoes is contracting due to changes in values prompted by the COVID-19 pandemic and increasingly diverse work styles, while soaring raw material prices and merchandise procurement costs and other factors have left the operating environment challenging.」
While noting the recovery in consumption following the easing of restrictions on activities, the company continues to identify the contraction of the leather shoe market resulting from changes in values and work styles, together with soaring raw material prices and procurement costs, as a challenging environment. - FY2023-Q1ReframedAnnual report
「In the footwear industry, consumer activity showed signs of recovery as restrictions on activities were substantially eased. However, the overall market for leather shoes is contracting due to changes in consumption patterns and values prompted by the COVID-19 pandemic and increasingly diverse work styles, while soaring crude oil and raw material prices and other factors have left the operating environment challenging.」
While noting signs of a recovery in consumption following the easing of restrictions on activities, the company continues to identify the contraction of the leather shoe market resulting from changes in consumption, values, and work styles, together with soaring raw material prices, as a challenging environment. - FY2022WorsenedAnnual report
「The overall market for leather shoes is contracting due to changes in consumption patterns and values prompted by the COVID-19 pandemic and increasingly diverse work styles, while soaring crude oil and raw material prices and other factors have left the operating environment challenging.」
In addition to changes in the traditional business category and consumer preferences, the company explicitly identifies the overall contraction trend in the leather shoe market resulting from increasingly diverse work styles. - FY2022-Q3WorsenedAnnual report
「The overall market for leather shoes is contracting due to increasingly diverse work styles, while soaring crude oil and raw material prices and other factors have left the operating environment challenging.」
The company explicitly identifies the overall contraction trend in the leather shoe market resulting from increasingly diverse work styles, together with soaring crude oil and raw material prices, as new challenges in the operating environment. - FY2022-Q2WorsenedAnnual report
「At major department stores and general specialty stores in particular, the prolonged effects of the COVID-19 pandemic have had a significant impact through the reduction of sales floors and stores, as well as closures and business discontinuations. In addition, discount sales have increased due to restrained purchasing and the earlier start and extension of clearance sales, and the company remains unable to develop its product lineup as planned.」
The company's main wholesale channels continue to see reductions in sales floors and stores, closures and business discontinuations, restrained purchasing, and increased discount sales, leaving the company unable to develop its product lineup as planned. - FY2022-Q1WorsenedAnnual report
「Across all formats, the reduction and closure of sales floors and stores has accelerated. Discount sales have also increased due to restrained purchasing and the earlier start of clearance sales, and the company remains unable to develop its product lineup as planned.」
The company remains unable to develop its product lineup as planned due to the reduction and closure of sales floors and stores, restrained purchasing, and increased discount sales. - FY2021WorsenedAnnual report
「Trends for products in the mid- to high-priced business category, the company's core category, remained sluggish due to the spread and expansion of telework and business-casual attire, while inbound demand also fell sharply, and the extremely challenging situation continues.」
In addition to the existing changes in consumer preferences and e-commerce competition, the performance of the core business category has deteriorated further due to telework, business-casual attire, and the sharp decline in inbound demand. - FY2021-Q3WorsenedAnnual report
「After the state of emergency was lifted, the company resumed operations while implementing measures to prevent COVID-19 infections, but the substantial decline in visitor and customer numbers showed no sign of abating. In addition, trends for products in the mid- to high-priced business category, the company's core category, remained sluggish due to the spread and expansion of telework and business-casual attire, while inbound demand also fell sharply, and the extremely challenging situation continues.」
The substantial decline in visitor and customer numbers continued, compounded by sluggish mid- to high-priced business-category products due to telework and other factors, as well as a sharp decline in inbound demand, and the challenging market environment persists. - FY2021-Q2WorsenedAnnual report
「Domestic brick-and-mortar stores, excluding online shops, reported a 58.9% year-on-year decline in sales in the first quarter from April to June. Sales in the second quarter from July to September, after the state of emergency was lifted, declined 28.6% year on year, and the challenging situation continues.」
Due to the effects of COVID-19, requests to refrain from going out, telework and other factors, brick-and-mortar store sales declined 58.9% year on year in the first quarter and 28.6% in the second quarter. - FY2021-Q1WorsenedAnnual report
「The footwear industry has also been significantly affected by the spread of COVID-19. Although the decline showed signs of bottoming out after the state of emergency was lifted, consumer activity remained sluggish and the operating environment remained challenging. In addition to the spread of business-casual attire before the COVID-19 pandemic, the spread and expansion of telework and other factors have caused business-category trends to slow sharply, and this challenging situation is expected to continue.」
In addition to the traditional focus on saving and low prices, demand for sports shoes, and e-commerce competition, the company cites sluggish consumption resulting from the spread of COVID-19 and the expansion of telework, as well as a marked slowdown in the business category. - FY2020WorsenedAnnual report
「In addition, the decline in consumption resulting from the spread of COVID-19 has become pronounced, and the operating environment remains challenging.」
In addition to consumers' focus on saving and low prices, entry by companies from other industries, and intensifying competition due to the expansion of e-commerce, a decline in consumption resulting from the spread of COVID-19 has become apparent. - FY2020-Q2ReframedAnnual report
「In the footwear industry, demand for casual-oriented sports shoes has remained strong, supported by increasingly diverse work styles and growing interest in sports due to continuing international sporting events. However, consumers' focus on saving and low prices remains deeply rooted, and competition has intensified due to entry into footwear retail by companies from other industries and the diversification of shopping channels resulting from the expansion of e-commerce, leaving the operating environment challenging.」
The company adds increasingly diverse work styles and international sporting events as factors supporting strong demand for sports shoes, while continuing to cite consumers' focus on saving and low prices, entry by companies from other industries, and intensifying competition due to e-commerce. - FY2020-Q1ReframedAnnual report
「In the footwear industry, demand for casual-oriented sports shoes and walking shoes has remained strong, supported by increasingly diverse work styles and growing awareness of health promotion. However, consumers' focus on saving remains deeply rooted, and competition has intensified due to entry into footwear retail by companies from other industries and the diversification of shopping channels resulting from the expansion of e-commerce, leaving the operating environment challenging.」
The company adds increasingly diverse work styles and growing awareness of health promotion as factors supporting strong demand for sports shoes and walking shoes, while continuing to cite consumers' focus on saving, entry by companies from other industries, and intensifying competition due to the expansion of e-commerce. - FY2019-Q3ReframedAnnual report
「In the footwear industry, demand for casual-oriented sports shoes and walking shoes has expanded with the spread of business-casual attire and growing health consciousness. However, consumers' focus on saving and low prices remains deeply rooted, and competition has intensified due to entry into footwear retail by companies from other industries and the diversification of shopping channels resulting from the rapid growth of e-commerce, leaving the operating environment challenging.」
The company adds business-casual attire and health consciousness as factors driving growth in demand for sports shoes and walking shoes, while continuing to cite consumers' focus on saving and low prices, entry by companies from other industries, and intensifying competition due to e-commerce. - FY2019-Q2RestatedAnnual report
「In the footwear industry, demand for casual-oriented sports shoes, led by sneakers, remains strong, while consumers' focus on saving and low prices remains deeply rooted. Competition has intensified due to entry into footwear retail by companies from other industries and the diversification of shopping channels resulting from the rapid growth of e-commerce, and the operating environment remains challenging.」
The company continues to describe demand for sports shoes, consumers' focus on saving and low prices, entry by companies from other industries, and the diversification of channels and intensifying competition resulting from e-commerce as a challenging operating environment. - FY2019-Q1WorsenedAnnual report
「While consumers' focus on saving and low prices remains strong, demand combining functionality and fashion appeal is increasing. As consumers continue to seek services and other value-added experiences in addition to consumer goods, competition has intensified due to entry into footwear retail by companies from other industries and the diversification of shopping channels resulting from the rapid growth of e-commerce, and the operating environment remains challenging.」
In addition to consumers' focus on saving and low prices and e-commerce, the company explicitly identifies entry by companies from other industries, the diversification of shopping channels, and intensifying competition, broadening the range of risk factors. - FY2018WorsenedAnnual report
「Changes in consumption patterns have also become pronounced, including the shift from spending on goods to spending on experiences and the rapid growth of e-commerce, intensifying competition, and the operating environment remains challenging.」
In addition to the existing focus on saving and low prices and the weak performance of women's shoes and other products, the company explicitly identifies intensifying competition resulting from the rapid growth of e-commerce. - FY2018-Q3RestatedAnnual report
「In the footwear industry, consumers' focus on saving and low prices has persisted, while demand for sneakers and sports shoes remains strong and women's shoes and leather casual footwear continue to struggle. Changes in consumption patterns have also become pronounced, including a shift from spending on goods to spending on experiences and online shopping, and the operating environment remains challenging.」
The company continues to describe consumers' focus on saving and low prices, demand for sneakers and other footwear, weak performance in women's shoes and leather casual footwear, and changes in consumption patterns as a challenging operating environment. - FY2018-Q2RestatedAnnual report
「In the footwear industry, consumers’ cost-saving and low-price preferences continue, while the women’s footwear market and leather casual footwear are performing relatively poorly. In addition, structural changes in consumption have become pronounced, including a shift from “goods consumption” to “experience consumption” and online shopping, and difficult business conditions continue.」
The company continues to describe consumers' focus on saving and low prices, weak performance in women's shoes and leather casual footwear, and changes in consumption patterns as a challenging operating environment. - FY2018-Q1WorsenedAnnual report
「As consumers’ cost-saving and low-price preferences continue, the women’s footwear market and leather casual footwear are performing relatively poorly. In addition, structural changes in consumption have become pronounced, including a shift from “goods consumption” to “experience consumption” and online shopping, and difficult business conditions continue.」
In addition to the previous cost-saving and low-price preferences and the struggles of women’s footwear and other categories, the company newly highlights structural changes in consumption, including the shift from goods consumption to experience consumption and online shopping, thereby broadening the scope of the risks. - FY2017RestatedAnnual report
「Consumers’ cost-saving and low-price preferences have become entrenched, and the recovery in personal consumption has stalled. Although the sportswear trend represented by sneakers has shown some signs of easing, demand remains high, while the women’s footwear market and leather casual footwear continue to perform relatively poorly, and difficult business conditions continue.」
The company continues to describe the women’s footwear market and leather casual footwear as struggling due to cost-saving and low-price preferences and demand for sportswear trends. - FY2017-Q3ReframedAnnual report
「In the footwear industry, cost-saving and low-price preferences have become entrenched. Although the sportswear trend represented by sneakers has shown some signs of easing, demand remains high, while the women’s footwear market and leather casual footwear continue to perform relatively poorly, and difficult business conditions continue.」
The focus has shifted from polarized consumption to low-price preferences. Although the sportswear trend is described as having eased somewhat, demand remains high and the women’s footwear market and leather casual footwear continue to struggle. No figures are provided, and the struggle is described as an actual business-performance condition. - FY2017-Q2RestatedAnnual report
「In the footwear industry, consumers’ deep-rooted cost-saving preferences and increasingly polarized consumption, together with the continuing sportswear trend represented by sneakers, have caused the women’s footwear market and leather casual footwear to perform relatively poorly, and difficult business conditions continue.」
The women’s footwear market and leather casual footwear continue to struggle due to cost-saving preferences, polarized consumption, and sportswear trends such as sneakers. - FY2017-Q1First statedAnnual report
「Consumers’ deep-rooted cost-saving preferences and increasingly polarized consumption, together with the continuing sportswear trend represented by sneakers, have caused the women’s footwear market and leather casual footwear to perform relatively poorly, and difficult business conditions continue.」
Changes in consumer behavior and trends such as sneakers are becoming evident in the performance of women’s footwear and leather casual footwear.