Business Structure Transformation Across Three Areas: GMS, EC/CITERA and Directly Operated Stores
First written in FY2020. 5 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2025.
1 other company's latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「① In GMS, an area focused on improving profitability, we will advance the development of a supply structure that supports strategic pricing in order to respond to rapid changes in the environment surrounding the Company.」
For the business-structure transformation across the three areas, the company detailed strategic pricing, its supply system and cost-of-sales improvements for GMS; app renewal and member integration for e-commerce/CITERA; and strategic pricing and next-generation customer acquisition for directly operated stores. - FY2024AdvancedAnnual report
「The directly operated business has achieved its plan, opening a combined men’s and women’s full-price store in September 2024 at a community-oriented suburban facility. In addition, the directly operated business has a higher sales mix of women’s products and strategic lines than the GMS business, and will promote customer rejuvenation by focusing on these rapidly growing areas while attracting potential customers of the next generation.」
The directly operated business achieved its plan and opened a combined men’s and women’s full-price store in September 2024. Women’s products and strategic lines are positioned as a foundation for acquiring next-generation customers. - FY2022AdvancedAnnual report
「For ③ directly operated stores, the area focused on establishing a foundation for future growth, we have strategically advanced the creation of product and store prototypes to acquire potential customers and produce results at one store that can serve as a successful example. This area requires the most time to build the business, but now that the path forward has finally become clear, we will resume opening new directly operated full-price and outlet stores.」
In the directly operated business, the creation of product and store prototypes has reached a sufficiently advanced stage, and the company has moved to the stage of resuming new openings of full-price and outlet stores. - FY2022AdvancedAnnual report
「For ① GMS, the area focused on improving profitability, we are conducting demonstration tests of store space design and new fixtures essential to embodying the “Shin Brand,” with the aim of creating an ideal store prototype.」
In GMS, the company moved into demonstration testing of space design and new fixtures to create a prototype store embodying the “Shin Brand.” - FY2021AdvancedAnnual report
「While undertaking structural reform aimed at overcoming the COVID-19 pandemic and becoming a company capable of generating sustained profits over the long term, we will transform our business structure and seek to sustainably enhance corporate value by linking and implementing the targets and activities of the three areas set out in the medium-term vision “Yamato2023,” which aims to achieve the desired state three years from now: ① GMS, the area focused on improving profitability, ② e-commerce/CITERA, the area focused on thoroughly expanding sales, and ③ directly operated stores, the area focused on establishing a foundation for future growth.」
For the three areas of GMS, e-commerce/CITERA and directly operated stores, the company detailed a framework for structural transformation linking the desired state three years from now with the metrics and activities of each area. - FY2020First statedAnnual report
「We will transform our business structure by steadily implementing the respective strategies for ① GMS, the area focused on improving profitability, ② e-commerce/CITERA, the area focused on thoroughly expanding sales, and ③ directly operated stores, the area focused on establishing a foundation for future growth.」
The company classified GMS, e-commerce/CITERA and directly operated stores as areas focused on improving profitability, expanding sales and establishing a foundation for future growth, respectively, and presented a framework for executing the structural transformation.