Stagnant Customer Traffic and Challenging Retail Environment Due to Weaker Consumer Sentiment
First written in FY2017-Q1. 14 of 38 entries say "Reframed", first in FY2019-Q2. Latest entry: FY2027-H1.
Chiyoda moved to the "Worse" side of this theme in 2017, 2 years before the typical company in this theme (2019).
The whole theme swung hardest in 2018: 16 of 40 companies on the "Worse" side.
13 other companies' latest entry also says "Worsened".
- FY2027-H1WorsenedAnnual report
「However, the outlook remains uncertain due to soaring energy-related prices and raw material costs resulting from the situation in the Middle East, continued inflation, and increasingly strong consumer cost-consciousness.」
Whereas the previous wording raised concerns about declining consumer sentiment due to high prices and cost-consciousness, the revised wording states that consumers have become more cost-conscious. - 2026-10-09MaterialisedRevision of earnings forecasts
「As a result, customer visits at existing stores were 98.1% against the planned 100.0% of the year-earlier level, while average spending per customer was 99.9% against the planned 103.5%; both fell below plan.」
The recovery in customer visits at existing stores failed to reach the planned level, and average spending per customer also fell below plan. - FY2026ReframedAnnual report
「There are concerns that high prices and consumers’ inclination to save will reduce consumer sentiment.」
The previous description, which centered on rising prices and stagnant real wage growth, has been reframed as lower consumer sentiment due to high prices and consumers’ inclination to save. - FY2026-H1ReframedAnnual report
「There are concerns that continued price increases and a delayed recovery in consumers’ willingness to purchase will act as a constraint on consumption to some extent.」
The existing concern over lower consumer sentiment has been specified as a constraint on consumption resulting from continued price increases and a delayed recovery in consumers’ willingness to purchase. - FY2025-Q1ReframedAnnual report
「In the footwear and apparel retail industry in which our Group operates, demand is expected to grow as social events resume and opportunities to go out increase, while there are concerns that further price increases and stagnant real wage growth will reduce consumer sentiment.」
Although demand is expected to recover as social events resume and opportunities to go out increase, stagnant real wage growth is explicitly identified, in addition to the existing concern over rising prices, as a factor that could reduce consumer sentiment. - FY2024-Q3ReframedAnnual report
「In the footwear and apparel retail industry in which our Group operates, the resumption of economic activity, including an increase in opportunities to go out following the lifting of restrictions on movement, is becoming evident, while there are concerns that rising prices and stagnant real wage growth will reduce consumer sentiment.」
Although an increase in opportunities to go out and the resumption of economic activity are indicated, stagnant real wage growth is explicitly identified, in addition to the existing concern over rising prices, as a factor that could reduce consumer sentiment. - FY2024-Q2ReframedAnnual report
「In the footwear and apparel retail industry in which our Group operates, the resumption of economic activity, including an increase in opportunities to go out following the lifting of restrictions on movement, is expected, while there are concerns that rising prices will reduce consumer sentiment.」
Although conditions have shifted toward an expected increase in opportunities to go out and the resumption of economic activity, lower consumer sentiment due to rising prices is identified as a concern affecting the retail environment. - FY2024-Q1ReframedAnnual report
「In the footwear and apparel retail industry in which our Group operates, an increase in opportunities to go out is expected as economic activity resumes following the lifting of restrictions on movement, but there are concerns that rising prices will reduce consumer sentiment.」
As conditions shift toward an expected increase in opportunities to go out, it identifies concerns over lower consumer sentiment due to rising prices as a major factor affecting the retail environment. - FY2023RestatedAnnual report
「Although customer traffic has returned following the easing of restrictions on going out, the footwear and apparel retail industry in which our Group operates has not returned to pre-COVID-19 levels and continues to face extremely difficult operating conditions.」
It states that customer traffic has recovered to some extent, but has not returned to pre-COVID-19 levels and that the difficult retail environment continues. - FY2023-Q3RestatedAnnual report
「Although customer traffic has returned following the easing of restrictions on going out, the footwear and apparel retail industry in which our Group operates has not returned to pre-COVID-19 levels and continues to face extremely difficult operating conditions.」
It acknowledges the recovery in customer traffic following the easing of restrictions on going out, while stating that traffic has not returned to pre-COVID-19 levels and that the difficult retail environment remains. - FY2023-Q2RestatedAnnual report
「Although customer traffic has returned following the easing of restrictions on going out, the footwear and apparel retail industry in which our Group operates has not returned to pre-COVID-19 levels and continues to face extremely difficult operating conditions.」
It acknowledges the recovery in customer traffic following the easing of restrictions on going out, while stating that traffic has not returned to pre-COVID-19 levels and that the difficult retail environment continues. - FY2023-Q1ReframedAnnual report
「The footwear and apparel retail industry in which our Group operates has shown signs of gradual improvement as economic activity resumes following the easing of restrictions on movement, but has not returned to pre-COVID-19 levels and continues to face difficult operating conditions.」
Although improvement in the industry following the easing of restrictions on movement is indicated, it is stated that conditions have not returned to pre-COVID-19 levels and remain difficult. - FY2022ReframedAnnual report
「The footwear and apparel retail industry in which our Group operates is also facing extremely difficult operating conditions. The negative effects of the tendency to refrain from going out, including the spread of telework, have been significant, while rising fuel costs have also driven increases in utilities and logistics expenses.」
In addition to the existing decline in demand caused by restrictions on going out and telework, increases in utilities and logistics expenses resulting from higher fuel costs are identified as factors contributing to the industry’s difficult environment. - FY2022-Q3RestatedAnnual report
「The footwear and apparel retail industry in which our Group operates is also facing extremely difficult operating conditions, as the negative effects of the tendency to refrain from going out, including the spread of telework, have been significant.」
It continues to describe the difficult conditions facing the footwear and apparel retail industry due to the spread of telework and the tendency to refrain from going out. - FY2022-Q2RestatedAnnual report
「The footwear and apparel retail industry in which our Group operates is also facing extremely difficult operating conditions, amid concern that the negative effects of the tendency to refrain from going out will be prolonged.」
It continues to describe the prolonged negative impact of the tendency to refrain from going out on the footwear and apparel retail industry and the difficult operating conditions. - FY2022-Q1RestatedAnnual report
「The footwear and apparel retail industry in which our Group operates is also facing extremely difficult operating conditions, amid concern that the negative effects of the tendency to refrain from going out will be prolonged.」
It continues to describe the prolonged decline in demand caused by restrictions on going out and the difficult conditions facing the footwear and apparel retail industry. - FY2021ReframedAnnual report
「The footwear and apparel retail market in which our Group operates is facing extremely difficult conditions. The spread of COVID-19 has changed economic activity and lifestyles, including the rapid adoption of telework, reducing demand for products such as business shoes. In addition, the expansion of email and social networking services (SNS) has diversified how consumers obtain product information and make purchases, intensifying competition with online retailers and companies in other industries and significantly changing the sales environment.」
It has reorganized the retail environment as a structural change involving lower demand for business shoes during the infectious disease, diversification in how consumers obtain information and make purchases, and intensifying competition with online retailers and companies in other industries. - FY2021-Q3RestatedAnnual report
「The footwear and apparel retail industry in which our Group operates is also facing continued difficult operating conditions. Changes in lifestyles and a significant decline in opportunities to go out for work and travel have reduced demand, particularly for business shoes and clothing for going out.」
It continues to describe a difficult retail environment resulting from changes in lifestyles, fewer opportunities to go out, and lower demand for business shoes and clothing for going out. - FY2021-Q2ReframedAnnual report
「The footwear and apparel retail industry in which our Group operates is also facing continued difficult operating conditions, as personal consumption has stagnated because opportunities to go out for work and leisure have declined significantly, leading particularly to lower demand for business shoes and clothing for going out.」
Although stagnating personal consumption and the difficult retail environment have continued, the demand structure under the infectious disease has been made more specific through reduced opportunities to go out and lower demand for business shoes and clothing for going out. - FY2021-Q1WorsenedAnnual report
「The footwear and apparel retail industry in which our Group operates is also facing continued difficult operating conditions. Restrictions on going out and the adoption of telework have led to a marked decline in demand for fashion products, particularly business-related products, while unit prices have remained sluggish as consumers have become more focused on safeguarding their household finances.」
In addition to the existing stagnation in personal consumption and intensifying competition, it describes the decline in demand for fashion products, particularly business-related products, resulting from restrictions on going out and telework, as well as sluggish unit prices due to consumers’ focus on safeguarding their household finances. - FY2020-Q3WorsenedAnnual report
「The footwear and apparel retail industry in which our Group operates is also facing continued difficult operating conditions. Personal consumption has not achieved a full-fledged recovery, online retail has expanded, and competition on prices and services has intensified as boundaries with other industries have become less distinct. In addition, adverse summer weather and the successive direct hits from major typhoons have had an impact.」
In addition to the existing stagnation in personal consumption, expansion of online retail and competition with companies in other industries, the effects of adverse summer weather and successive direct hits from major typhoons are newly identified, broadening the factors behind the difficult retail environment. - FY2020-Q2ReframedAnnual report
「The footwear and apparel retail industry in which our Group operates is also facing continued difficult operating conditions. Personal consumption has not achieved a full-fledged recovery, partly because of adverse summer weather, while online retail has expanded amid what is described as an oversupplied store market, and competition on prices and services has intensified as boundaries with other industries have become less distinct.」
The difficult retail environment, store saturation, expansion of online retail and competition with companies in other industries have continued, while adverse summer weather and competition on prices and services are explicitly identified this time. - FY2020-Q1RestatedAnnual report
「Although the footwear and apparel retail industry in which our Group operates benefited from factors such as the 10-day Golden Week holiday, personal consumption did not achieve a full-fledged recovery. Amid what is described as an oversupplied store market, online retail expanded and competition on prices and services intensified as boundaries with other industries became less distinct, leaving operating conditions difficult.」
Although it refers to the benefits of the 10-day holiday, it continues to describe difficult operating conditions resulting from the lack of a full recovery in personal consumption, store saturation, the expansion of online retail, and competition on prices and services with companies in other industries. - FY2019WorsenedAnnual report
「The footwear and apparel retail industry in which our Group operates is also facing difficult operating conditions as store saturation progresses, consumers’ purchasing behavior diversifies, competition intensifies further as online retail expands and the boundaries between industries and business formats become less distinct, and successive natural disasters such as earthquakes, typhoons and torrential rain, as well as delayed temperature changes, have had a significant impact.」
It identifies excess store capacity, the diversification of purchasing behavior, the expansion of online retail, intensifying competition between industries and business formats, and the significant effects of natural disasters and delayed temperature changes, broadening the factors behind the difficult retail environment. - FY2019-Q3WorsenedAnnual report
「The footwear and apparel retail industry in which our Group operates is also facing continued difficult operating conditions as store saturation progresses, price competition intensifies with the expansion of online retail and the blurring of boundaries between industries and business formats, and natural disasters such as earthquakes, typhoons and torrential rain have had a significant impact.」
It states that, in addition to the existing excess store capacity and price competition with online retailers and companies in other industries, natural disasters such as earthquakes, typhoons and torrential rain have had a significant impact. - FY2019-Q2ReframedAnnual report
「The footwear and apparel retail industry in which our Group operates is also facing continued difficult operating conditions as store saturation progresses, price competition intensifies with the expansion of online retail and the blurring of boundaries between industries and business formats, and adverse weather, including torrential rain and record-breaking heat, has an impact.」
Although the difficult retail environment has continued, its causes are described as the expansion of online retail, price competition resulting from the blurring of boundaries between industries and business formats, and adverse weather such as torrential rain and extreme heat. - FY2019-Q1WorsenedAnnual report
「The footwear and apparel retail industry in which our Group operates is also facing increasingly difficult operating conditions as store saturation progresses, competition with companies in other industries intensifies, and the expansion of online retail diversifies consumers’ purchasing touchpoints.」
It describes the effects of excess store capacity, cross-industry competition and the expansion of online retail, which have diversified purchasing touchpoints, stating that the retail environment is becoming increasingly difficult. - FY2018RestatedAnnual report
「The footwear and apparel retail industry in which our Group operates is also facing increasingly difficult operating conditions, with many areas showing signs of excess store capacity and intensifying price competition with online retailers.」
It continues to describe a difficult retail environment resulting from excess store capacity and intensifying price competition with online retailers. - FY2018-Q3WorsenedAnnual report
「The footwear and apparel retail industry in which our Group operates is also facing increasingly difficult operating conditions, with an apparent oversupply of stores and intensifying price competition with online retailers.」
It explicitly identifies the oversupply of stores and intensifying price competition with online retailers, stating that the difficult retail environment has become even more severe. - FY2018-Q2WorsenedAnnual report
「The footwear and apparel retail industry in which our group operates is also facing increasingly challenging business conditions, as personal consumption remains slow to recover, competition among stores intensifies, and competition from online retailing also intensifies.」
In addition to the stalled recovery in personal consumption, it describes intensifying competition between stores and with online retail, stating that industry conditions are becoming increasingly difficult. - FY2018-Q1WorsenedAnnual report
「The footwear and apparel retail industry in which our group operates is also facing increasingly challenging business conditions, as personal consumption remains slow to recover, competition among stores intensifies, and competition from online retailing also intensifies.」
In addition to the stalled recovery in personal consumption, the disclosure cites intensifying competition among stores and with online retailing, expanding on the factors contributing to challenging retail conditions. - FY2017WorsenedAnnual report
「The footwear and apparel retail industry in which our group operates is also facing increasingly challenging conditions, as adverse weather and other external factors compound weaker consumer sentiment and the oversupply of stores caused by the aggressive store-opening strategies of major chain stores continues to worsen.」
In addition to weaker consumer sentiment and new store openings by competitors, the disclosure cites adverse weather and the worsening oversupply of stores, expanding on the factors contributing to challenging industry conditions. - FY2017-Q3RestatedAnnual report
「The footwear and apparel retail industry in which our group operates is also facing challenging conditions, as customer traffic remains sluggish amid weaker consumer sentiment and major chain stores continue their aggressive store-opening strategies.」
The disclosure continues to cite stagnant customer traffic due to weaker consumer sentiment and challenging retail conditions, while also referring to the aggressive store-opening strategies of major chain stores. - FY2017-Q2RestatedAnnual report
「The footwear and apparel retail industry in which our group operates is also facing extremely challenging conditions, as weaker consumer sentiment has caused customer traffic to stagnate.」
Weaker consumer sentiment, sluggish customer traffic, and challenging industry conditions continue to be cited. - FY2017-Q1First statedAnnual report
「The footwear and apparel retail industry in which our group operates is also facing extremely challenging conditions, as weaker consumer sentiment has caused customer traffic to stagnate.」
The disclosure identifies weaker consumer sentiment and stagnant customer traffic as current industry conditions that have materialized.