Impact of Olympic Viewing, Rain and Typhoons on Same-Store Sales

「In the apparel and fashion industry, purchasing motivation has been recovering as demand for going out rises with the resumption of various events and an increase in the number of travelers. However, the prolonged rise in prices in Japan and overseas, together with nationwide above-average temperatures following the record late-summer heat in September, prevented demand for fall and winter products from increasing, and the operating environment remained difficult.」

「However, although the company launched new autumn/winter products early and developed fresh-looking sales floors, autumn merchandise sold poorly in September and October due to unexpectedly prolonged hot weather. Demand for cold-weather products increased in November, but same-store sales for the cumulative third quarter declined 2.8% year on year.」

「There were many unusually warm days in November, causing cold-weather apparel to struggle. Same-store sales for the first three cumulative quarters increased 5.7% year on year.」

「Sales recovered only gradually due in part to weak sales of short-sleeved products caused by falling temperatures from mid-May onward. Same-store sales for the first quarter increased 14.7% year on year.」

「However, in addition to self-restraint from going out, store closures and shortened operating hours, unseasonable weather, including a delayed end to the rainy season and torrential rain, also affected results, resulting in a substantial 37.2% year-on-year decline in same-store sales for the cumulative second quarter.」

「However, in the third quarter, prolonged late-summer heat, store closures and reduced operating hours due to Typhoons No. 15 and 19, and temporary consumer restraint following the consumption tax increase forced sales to struggle in September and October, which ended poorly.」

「However, a record lack of sunshine and continued low temperatures in July caused summer and high-summer apparel, in particular, to perform sluggishly. Temperatures became more typical of summer in August, and sales of casual summer apparel, which had stagnated, grew steadily, but this was not enough to offset weak sales of business apparel such as suits. Same-store sales for the first half of the fiscal year declined 8.0% year on year.」

「We launched summer apparel early to expand sales, but sales remained sluggish due in part to falling temperatures in April and the first half of May. Same-store sales for the first cumulative quarter declined 6.2% year on year.」

「However, in addition to changes in the consumer environment, unseasonable weather and natural disasters affected spring and summer products overall in the first and second quarters, while higher temperatures in the third and fourth quarters slowed sales of cold-weather apparel. As a result, same-store sales for the fiscal year declined 6.4% year on year.」

「However, in addition to changes in the consumer environment, abnormal weather and natural disasters affected the first and second quarters, causing the broad range of spring/summer products to struggle. In the third quarter, temperatures also remained relatively high, weighing on sales of cold-weather clothing, and same-store sales for the cumulative third quarter declined 7.4% year on year.」

「Unseasonable weather and natural disasters from March through July affected sales, causing spring and summer products overall to struggle. As a result, same-store sales for the first half of the fiscal year declined 6.8% year on year.」

「However, partly due to rising temperatures in March and April and falling temperatures in May, the core business items struggled, and same-store sales for the cumulative first quarter declined 7.4% year on year.」

「Meanwhile, partly due to the impact of unsettled weather and other factors, existing-store sales for the fiscal year declined 2.1% from the previous fiscal year.」

「Meanwhile, partly due to the impact of unsettled weather and other factors, existing-store sales for the cumulative third quarter declined 2.6% year on year.」

「Meanwhile, partly due to the impact of unsettled weather and other factors, existing-store sales for the cumulative second quarter declined 3.2% year on year.」

「Due in part to unfavorable weather conditions in August and September and a warm winter, same-store sales for the fiscal year declined 1.9% year on year.」

「As a result, sales of cold-weather apparel such as coats and blousons performed well from October onward, but existing-store sales for the cumulative third quarter declined 1.3% year on year, partly due to the impact of unsettled weather in August and September.」

「Sales progressed steadily through July, but Olympic viewing in August, rain and typhoons caused same-store sales for the first half of the fiscal year to decline 0.9% year on year, slightly below the previous year.」