Struggles in the Core Department Store Business
First written in FY2017-Q3. 7 of 15 entries say "Mitigated", first in FY2018. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024MitigatedAnnual report
「In addition, at 株式会社オンワードパーソナルスタイル, which operates “KASHIYAMA,” the effects of advertising and promotional activities became particularly evident, and directly operated stores and B2B sales performed strongly.」
For physical stores, which had previously been described as struggling, full-year results confirmed increased customer traffic and sales in the core brand business and strong performance by KASHIYAMA’s directly operated stores, partly easing the difficulties. - FY2024-Q1MitigatedAnnual report
「Customer traffic at physical stores and online stores increased steadily, and revenue grew substantially.」
Regarding physical stores, which had previously been described as struggling, the company states that customer traffic increased together with that of online stores and that revenue grew. - FY2023-Q3MitigatedAnnual report
「In the domestic business, sales continued to grow at OMO-format stores operated by the core operating company 株式会社オンワード樫山, which introduced the “Click & Try” service, and sales at physical stores, mainly department stores, remained strong.」
Regarding physical stores, particularly department stores, which had previously been described as struggling, the company states that sales remained strong alongside growth at OMO-format stores that introduced Click & Try. - FY2023-Q2MitigatedAnnual report
「Sales of core brands including “23区” and “五大陸,” mainly through department stores, recovered」
The company states that sales of core brands, mainly through department stores and previously described as struggling, recovered, partly easing the difficulties in core sales channels. - FY2022MitigatedAnnual report
「In the domestic business, the core operating company 株式会社オンワード樫山 increased revenue and significantly reduced its loss by steadily implementing sales strategies including withdrawing from unprofitable businesses and stores and expanding OMO-format stores.」
The company states that the domestic core business increased revenue and significantly reduced its loss by withdrawing from unprofitable businesses and stores and expanding OMO-format stores. - FY2022-Q3MitigatedAnnual report
「In the domestic business, 株式会社オンワード樫山, the core operating company, significantly improved its operating results and returned to profitability by withdrawing from unprofitable businesses and stores. 株式会社アイランド, which operates “グレースコンチネンタル,” also improved its operating results.」
The withdrawal from unprofitable businesses and stores significantly improved the operating results of 株式会社オンワード樫山, which returned to profitability. This does not directly indicate a recovery across department stores and physical stores, but an improvement in the domestic business’s profitability is reported. - FY2021MaterialisedAnnual report
「Sales in e-commerce, centered on the directly operated “オンワード・クローゼット” online store of the core operating company 株式会社オンワード樫山, rose sharply by 26% year on year, and lifestyle-related businesses remained firm, but sales at physical stores such as department stores and shopping centers, primarily located in central urban areas, declined significantly」
In contrast to e-commerce growth, sales at physical stores such as department stores and shopping centers in central urban areas declined significantly. - FY2020MaterialisedAnnual report
「Meanwhile, partly due to the consumption tax increase and the effects of natural disasters such as torrential rain and typhoons, as well as unsettled weather such as a warm winter, sales at physical stores struggled considerably, resulting in lower revenue and lower profit for the domestic business overall.」
The previous struggles at department stores and other physical stores became specific factors in full-year performance, together with the effects of the consumption tax increase, natural disasters and the warm winter. - FY2020-Q3MaterialisedAnnual report
「Meanwhile, partly due to the decline following the consumption tax increase and the impact of natural disasters such as torrential rain and typhoons, sales at physical stores struggled considerably, resulting in lower revenue and lower profit for the domestic business overall.」
The previously omitted struggles in core channels and physical stores are again described specifically, together with the decline following the consumption tax increase and the impact of natural disasters. - FY2019DroppedAnnual report
「In the domestic business, e-commerce earnings, to which the Company has continued to allocate resources, increased 25.8% year on year across the Group and made a significant contribution to overall sales.」
The previously explicit struggles in core channels such as department stores are no longer mentioned in the full-year discussion of the domestic business, which instead focuses on e-commerce, brand-by-brand performance and the withdrawal from unprofitable businesses. - FY2019-Q2RestatedAnnual report
「In the domestic business, while apparel sales through department stores and other core channels continued to struggle, revenue from the e-commerce business, where the company has continuously concentrated resources, remained firm,」
The continued struggle of apparel sales through core channels such as department stores is reiterated. - FY2019-Q1RestatedAnnual report
「In the domestic business, while apparel sales at department stores and other outlets continued to struggle, e-commerce earnings, where the company has continued to concentrate resources, remained solid. Among the core brands of ONWARD KASHIYAMA CO., LTD., 自由区, ICB, and J. PRESS increased revenue, while 23区 and 組曲 fell below the previous year.」
The continued struggle of apparel sales through core channels such as department stores is reiterated. This is described separately from the solid performance of e-commerce and certain brands. - FY2018MitigatedAnnual report
「Major brands including “23区,” “自由区,” “ジョゼフ,” “トッカ” and “any SiS” grew, and total sales for the existing brands exceeded the previous year’s results.」
In contrast to the previously explicit struggles in core channels such as department stores, the full-year results report growth by major brands and total existing-brand sales above the previous year, reducing the emphasis on the difficulties. - FY2018-Q1RestatedAnnual report
「In the domestic business, apparel sales through core channels such as department stores continued to struggle, while sales of spring products were sluggish in March as low temperatures persisted.」
The continued struggle of apparel sales through core channels such as department stores is reiterated. - FY2017-Q3First statedAnnual report
「In the domestic business, the e-commerce business, where the company has been concentrating management resources, and オンワード商事株式会社 and チャコット株式会社 recorded higher revenue and higher profit. However, the core department store business struggled, resulting in lower revenue and lower profit overall.」
In the domestic business, the struggle of the core department store business is explicitly identified as a factor behind lower revenue and lower profit overall, in contrast to the strong performance of e-commerce and other businesses.