The End of the Burberry License and Struggles Among Department-Store Mass-Market Brands
First written in FY2017-Q2. 2 of 3 entries say "Restated". Latest entry: FY2016.
2 other companies' latest entry also says "Restated".
- FY2016RestatedAnnual report
「However, sales declined substantially due to the termination of the Burberry brand after the Spring/Summer 2015 season, as well as difficulties faced mainly by brands targeting the department-store mass market.」
The termination of the Burberry brand and difficulties faced by brands targeting the department-store mass market continue to be cited as factors behind the decline in sales. - FY2017-Q3RestatedAnnual report
「However, sales declined substantially and business performance was challenging due to the termination of the Burberry brand licensing business with the Spring/Summer 2015 season, as well as difficulties faced mainly by brands targeting the department-store mass market.」
The termination of the Burberry licensing business and difficulties faced by department-store mass-market brands continue to be cited as factors behind the decline in sales. - FY2017-Q2First statedAnnual report
「However, performance was challenging because net sales declined following the termination of the Burberry brand licensing business after the spring/summer 2015 season and the weak performance of brands developed for the department-store volume zone.」
The Company identifies the timing of the licensing-business termination, weak brand performance, and the resulting decline in net sales as factors affecting performance during the period. Net sales fell 38.3% year on year.