Baby Plaza and BOBSON Scrap-and-Build Initiative
First written in FY2017-Q3. 6 of 16 entries say "Restated". Latest entry: FY2023.
2 other companies' latest entry also says "Achieved".
- FY2023AchievedAnnual report
「By February 2023, the Company had completed the closure of 208 stores nationwide, streamlined head-office staffing and reduced inventory, eliminating the factors behind its substantial losses to date.」
Regarding the store restructuring that shifted from the previous scrap-and-build strategy to major downsizing, the Company completed the closure of 208 stores, head-office staff streamlining and inventory reduction. - FY2023-Q3AdvancedAnnual report
「During the third quarter, the Company closed 191 in-shop and directly operated stores, leaving 25 stores at the end of the quarter.」
With respect to the shift from the previous scrap-and-build strategy to major store downsizing, the Company closed 191 stores during the third quarter, significantly advancing its store restructuring. - FY2023-Q2AdvancedAnnual report
「The Company closed 110 stores during the second quarter. At the closing sales, it promoted inventory sell-down by creating displays emphasizing attractive prices and changing selling prices in line with sales trends, resulting in sales progress of more than twice that of the same period of the previous year.」
Regarding the closure of unprofitable stores and the major downsizing of its store network, the Company closed 110 stores during the second quarter and promoted inventory sell-down through closing sales and selling-price changes. - FY2023-Q1AdvancedAnnual report
「The Company closed 20 stores during the first quarter. At the closing sales, it promoted the thorough sell-down of inventory by creating displays emphasizing attractive prices and changing selling prices in line with sales trends, resulting in sales progress of more than twice that of the same period of the previous year.」
The scrap-and-build policy evolved into a business downsizing involving large-scale closures, with 20 stores closed during the quarter. At the closing sales, the Company changed merchandise displays and selling prices, resulting in sales progress of more than twice that of the same period of the previous year and inventory sell-down. - FY2022-Q3ReframedAnnual report
「Of approximately 220 physical stores, the Company will close approximately 210. It will complete the withdrawal and downsizing by December 2022, thereby aiming to return to profitability in the fourth quarter of the fiscal year ending March 2023 and achieve profitability for the full fiscal year ending March 2024.」
The Company restructured the scale and nature of its measures, shifting from the previous scrap-and-build strategy of closing unprofitable stores and opening stores in prime locations to a major downsizing involving the closure of approximately 210 of approximately 220 stores. - FY2022-Q2RestatedAnnual report
「The Company reviewed the business-format classifications of Baby Plaza and BOBSON, optimized the brand mix according to store location, and improved operating efficiency at locations housing both shops, including by consolidating and integrating stores.」
The Company continues to restructure its stores by reviewing business-format classifications, optimizing the brand mix by location, and consolidating and integrating co-located stores. - FY2022-Q1RestatedAnnual report
「The Company will also review the business-format classifications of Baby Plaza and BOBSON, optimize the brand mix according to store location, and improve operating efficiency at locations housing both shops, including by consolidating and integrating stores.」
The Company continues its store restructuring policy of closing unprofitable stores, reviewing business-format classifications, optimizing the brand mix by location, and consolidating and integrating co-located stores. - FY2021ReframedAnnual report
「From the next fiscal period onward, the Company will review the business-format classifications of Baby Plaza and BOBSON, optimize the brand mix according to store location, and improve operating efficiency at locations housing both shops, including by consolidating and integrating stores.」
The Company is expanding its previous scrap-and-build strategy beyond the closure of unprofitable stores to a restructuring of store operations that includes reviewing business-format classifications, optimizing the brand mix by location, and consolidating and integrating co-located stores. - FY2021-Q3AdvancedAnnual report
「The Company planned to close unprofitable stores and closed 36 of them (20 Baby Plaza stores, 12 BOBSON shops and 4 tenant shops). At the same time, it promoted new store openings in prime locations with expected customer traffic to improve store operating efficiency and profitability, opening 13 new stores (3 Baby Plaza stores, 1 BOBSON shop and 9 n.o.u.s shops) during the first 3 quarters.」
The Company implemented a scrap-and-build strategy combining the closure of unprofitable stores with openings in prime locations, closing 36 stores and opening 13. - FY2021-Q2AdvancedAnnual report
「The company closed 36 unprofitable stores by the end of September 2020. For its stores, while closing unprofitable locations, it is promoting openings in favorable locations to improve efficiency and profitability.」
As part of store restructuring combining the closure of unprofitable stores with openings in favorable locations, the company closed 36 stores by the end of September 2020. - FY2021-Q1ReframedAnnual report
「We plan to close approximately 40 unprofitable stores by the end of September this year to improve profitability. For our stores, while closing unprofitable locations, we will promote openings in favorable locations to improve efficiency and profitability.」
The company gave concrete form to its previous scrap-and-build policy as store restructuring combining the closure of approximately 40 unprofitable stores with openings in favorable locations. - FY2020RestatedAnnual report
「We will accelerate store scrap-and-build initiatives, eliminate unprofitable elements and improve store efficiency by expanding the customer base of individual stores and through other measures, thereby improving the profitability of each format.」
The company continues its policy of improving store efficiency and profitability by pursuing store scrap-and-build and eliminating unprofitable elements. - FY2018-Q2RestatedAnnual report
「We will continue to pursue store scrap-and-build initiatives and seek to improve profitability by increasing store efficiency.」
The company continues store scrap-and-build initiatives, aiming to improve profitability through greater store efficiency. - FY2018-Q1RestatedAnnual report
「We will continue to pursue store scrap-and-build initiatives and seek to improve profitability by increasing store efficiency.」
The company continues measures to improve store efficiency and profitability through store scrap-and-build. - FY2017RestatedAnnual report
「In both the Baby Plaza and BOBSON formats, we will continue to pursue store scrap-and-build initiatives to improve store efficiency and thereby increase profitability.」
The company continues scrap-and-build initiatives in both the Baby Plaza and BOBSON formats, aiming to improve store efficiency and profitability. - FY2017-Q3First statedAnnual report
「In both the Baby Plaza and BOBSON formats, we will continue to pursue store scrap-and-build initiatives to improve store efficiency and thereby increase profitability.」
The company newly disclosed measures to pursue store scrap-and-build in both formats and improve store efficiency and profitability.