Weak performance in other fragrance sales channels
First written in FY2022-Q3. 4 of 8 entries say "Mitigated", first in FY2023-Q1. Latest entry: FY2027-H1.
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- FY2027-H1MitigatedAnnual report
「Fragrance sales came to ¥989 million, or 108.6% of the previous year's level. Sales of CREED, ACQUA DI PARMA and BVLGARI branded products continued to grow and offset weakness in multi-brand sales areas, mainly at regional department stores, resulting in department-store segment sales exceeding the previous year's level.」
While weakness in multi-brand sales areas continued, growth in sales of CREED, ACQUA DI PARMA and BVLGARI resulted in total fragrance segment sales of 108.6% of the previous year's level, offsetting weakness in the main sales channels. - FY2026WorsenedAnnual report
「In addition to the poor full-year performance of multi-brand stores, mainly in regional department stores, the struggles of the ACQUA DI PARMA GINZA SIX store and a substantial decline in wholesale sales to the secondary market affected the business as a whole.」
While single-brand stores and new wholesale accounts performed well, weakness in multi-brand stores, the ACQUA DI PARMA GINZA SIX store and secondary-market wholesale resulted in fragrance segment sales of 98.7% of the previous year's level. - FY2026-H1WorsenedAnnual report
「In the wholesale division, as the decline in wholesale transactions for the secondary market continued, we continued wholesale sales to brand boutiques, which generate high gross profit amounts, and pursued measures to improve profit margins. However, sales fell below the previous year's level. As a result, total fragrance segment sales for the interim consolidated accounting period came to 87.6% of the previous year's level.」
Although wholesale sales to brand boutiques and measures to improve profit margins were pursued, total fragrance segment sales came to 87.6% of the previous year's level due to the decline in transactions for the secondary market and other factors. - FY2023MitigatedAnnual report
「Sales expanded steadily at department stores and directly operated flagship stores, the main channels, centered on Maison fragrance products, while skincare products continued to grow strongly throughout the year. As a result, sales came to 126.2% of the previous year's level.」
The fragrance business as a whole improved, including channels considered weak in the previous fiscal year, and sales came to 126.2% of the previous year's level. - FY2023-Q3MitigatedAnnual report
「Skincare products continued to perform well at retail stores and through e-commerce channels. Sales of the core perfume products were also driven by the effect of large-scale department store events and increased gift demand during the year-end sales season, resulting in fragrance business sales of 130.2% of the previous year's level.」
Sales of skincare products, fragrances, department-store events and gift demand contributed to total fragrance segment sales of 130.2% of the same period of the previous year. The business as a whole improved, including channels considered weak in the previous fiscal year. - FY2023-Q1MitigatedAnnual report
「Sales performed well across all sales channels, including strong sales mainly in major cities in Japan, resulting in sales of 137.1% of the previous year's level.」
Sales performed well across all channels, including those considered weak in the previous fiscal year, and fragrance segment sales came to 137.1% of the same period of the previous year. - FY2022WorsenedAnnual report
「However, difficult conditions continued in the wholesale business, which accounts for a high proportion of sales, and total business sales came to 92.4% of the previous year's level.」
While newly handled brands performed well at department stores and directly operated stores, continued weakness in wholesale, which accounts for a high proportion of sales, resulted in total fragrance segment sales of 92.4% of the previous year's level. - FY2022-Q3First statedAnnual report
「In the fragrance business, changes in consumer behavior during the COVID-19 pandemic and the effect of introducing new brands helped sales through department stores and directly operated stores substantially exceed the previous year and perform well. However, poor performance through other channels had a significant impact, resulting in total sales of 95.3% of the previous year's level.」
While department stores and directly operated stores performed well, weakness in other channels weighed on total fragrance segment sales, which came to 95.3% of the previous year's level.