Optimizing the Store Network and Rationalizing Unprofitable Locations Through Store Openings and Closures
First written in FY2017-Q1. 38 of 39 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2027-H1.
47 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「Regarding store openings and closures, we opened 5 stores while closing 13, reducing the store network by 8 during the interim period to 855 stores.」
While continuing to open stores, the company closed more stores than it opened, reducing and selectively refining its footwear store network to 855 stores at the end of the interim period. - FY2026AdvancedAnnual report
「Regarding store openings and closures, we opened 14 stores and closed 24 stores, bringing the number of stores at the end of the current consolidated fiscal year to 863, down 10 stores from the end of the previous consolidated fiscal year.」
While continuing to open stores, the company exceeded openings with closures, reducing the footwear business's store network by 10 stores over the full year. - 2026-04-10AdvancedEarnings
「We opened 14 stores and closed 24, thereby advancing the optimization of the store network.」
The store network was optimized through a greater number of closures than openings. - FY2026-H1AdvancedAnnual report
「Regarding store openings and closures, we opened 13 stores and closed 12 stores, bringing the number of stores at the end of the interim period of the current consolidated fiscal year to 874, up 1 store from the end of the previous consolidated fiscal year.」
In the footwear business, openings exceeded closures, bringing the number of stores at the interim period-end to 874. - FY2025-H1AdvancedAnnual report
「Regarding store openings and closures, we opened 5 stores and closed 13 stores, resulting in 878 stores at the end of the interim consolidated accounting period, down 8 stores from the previous consolidated fiscal year-end. Regarding store openings and closures, we opened 3 stores and closed 11 stores, resulting in 270 stores at the end of the interim consolidated accounting period, down 8 stores from the previous consolidated fiscal year-end.」
The footwear business opened 5 stores and closed 13, leaving 878 stores, while the apparel business opened 3 stores and closed 11, leaving 270 stores. Closures exceeded openings in both businesses. - FY2025-Q1AdvancedAnnual report
「Regarding store openings and closures, we opened 3 stores and closed 6 stores. As a result, the number of stores at the end of the first quarter of the current consolidated fiscal year was 883, down 3 stores from the previous consolidated fiscal year-end. Regarding store openings and closures, we opened 1 store and closed 6 stores. As a result, the number of stores at the end of the first quarter of the current consolidated fiscal year was 273, down 5 stores from the previous consolidated fiscal year-end.」
The footwear business had 883 stores and the apparel business had 273 stores, with closures exceeding openings in both businesses. - FY2024AdvancedAnnual report
「Regarding store openings and closures, we opened 10 stores and closed 46 stores, bringing the number of stores at the end of the current consolidated fiscal year to 886, down 35 stores from the end of the previous consolidated fiscal year.」
In the footwear business, the company continued opening stores while substantially exceeding openings with closures, reducing the number of stores at the full-year end to 886. In the apparel business, 7 openings and 49 closures resulted in 278 stores. - FY2024-Q3AdvancedAnnual report
「Regarding store openings and closures, we opened 9 stores and exited 31 stores, bringing the number of stores at the end of the third quarter of the current consolidated fiscal year to 900, down 21 stores from the end of the previous consolidated fiscal year.」
In the footwear business, closures exceeded openings, reducing the number of stores to 900. In the apparel business, the company opened 6 stores and closed 38, leaving 288 stores. - FY2024-Q2AdvancedAnnual report
「Regarding store openings and closures, we opened 7 stores and closed 20 stores, bringing the number of stores at the end of the second quarter of the current consolidated fiscal year to 908, down 13 stores from the end of the previous consolidated fiscal year.」
In the footwear business, the company reduced its store network by opening 7 stores and closing 20. In the apparel business, it opened 5 stores and closed 28, reducing the number of stores to 297. - FY2024-Q1AdvancedAnnual report
「Regarding store openings and closures, we opened 6 stores and closed 5 stores, bringing the number of stores at the end of the first quarter of the current consolidated fiscal year to 922, up 1 store from the end of the previous consolidated fiscal year.」
In the footwear business, openings exceeded closures by 1 store. In the apparel business, the company opened 4 stores and closed 10, reducing the number of stores to 314. Store network trends diverged by business. - FY2023AdvancedAnnual report
「Regarding store openings and closures, we opened 11 stores and closed 44 stores, mainly unprofitable locations, bringing the number of stores at the end of the current consolidated fiscal year to 921, down 33 stores from the end of the previous consolidated fiscal year.」
Closures exceeded openings, primarily due to the closure of unprofitable stores, resulting in a selective reduction of the footwear business's store network. - FY2023-Q3AdvancedAnnual report
「Regarding store openings and closures, we opened 11 stores and closed 34 stores, primarily unprofitable stores, resulting in 931 stores at the end of the third quarter of the current consolidated fiscal year, down 23 stores from the previous consolidated fiscal year-end. / Regarding store openings and closures, we opened 20 stores and closed 9 stores, resulting in 336 stores at the end of the third quarter of the current consolidated fiscal year, up 7 stores year on year.」
In the footwear business, the company closed 34 stores, primarily unprofitable stores, reducing the number of stores to 931. In the apparel business, it opened 20 stores and closed 9 stores, increasing the number of stores to 336. - FY2023-Q2AdvancedAnnual report
「Regarding store openings and closures, we opened 7 stores and closed 21 stores. As a result, the number of stores at the end of the second quarter of the current consolidated fiscal year was 940, down 14 stores from the previous consolidated fiscal year-end. / Regarding store openings and closures, we actively pursued the development of new formats, including opening "Fufufu House" as a pop-up shop selling carefully selected products based on 3 Korean themes: food, beauty and fashion. We opened 11 stores and closed 4 stores, resulting in 332 stores at the end of the second quarter of the current consolidated fiscal year, up 7 stores from the previous consolidated fiscal year-end.」
In the footwear business, 7 store openings and 21 closures reduced the number of stores to 940. In the apparel business, 11 store openings and 4 closures increased the number of stores to 332. The apparel business also proceeded with developing new formats. - FY2023-Q1AdvancedAnnual report
「Regarding store openings and closures, we opened 4 stores and closed 7 stores. As a result, the number of stores at the end of the first quarter of the current consolidated fiscal year was 951, down 3 stores from the previous consolidated fiscal year-end.」
In the footwear business, the company opened 4 stores and closed 7 stores, reducing the number of stores to 951, down 3 stores from the previous consolidated fiscal year-end. In the apparel business, it opened 9 stores and closed 2 stores, leaving 332 stores. - FY2022AdvancedAnnual report
「Regarding store openings and closures, we opened 18 stores and closed 29 stores. As a result, the number of stores at the end of the consolidated fiscal year was 325, down 11 stores from the previous consolidated fiscal year-end.」
While opening 18 stores in the apparel business, the company closed 29 stores, selectively reducing the store network over the full year. - FY2022-Q3AdvancedAnnual report
「Regarding store openings and closures, we opened 5 stores and closed 27 stores, mainly unprofitable locations. The number of stores at the end of the third quarter of the current consolidated fiscal year was 969, down 22 stores from the end of the previous consolidated fiscal year.」
The company closed 27 stores, primarily unprofitable stores, and opened 5 stores, resulting in a store network of 969 stores, down 22 stores from the previous consolidated fiscal year-end. - FY2022-Q2AdvancedAnnual report
「Regarding store openings and closures, we opened 4 stores and closed 19 stores, primarily unprofitable stores. As a result, the number of stores at the end of the second quarter of the current consolidated fiscal year was 976, down 15 stores from the previous consolidated fiscal year-end.」
While opening 4 stores in the footwear and other businesses, the company closed 19 stores, primarily unprofitable stores, reducing the number of stores to 976, down 15 stores from the previous consolidated fiscal year-end. - FY2022-Q1AdvancedAnnual report
「Regarding store openings and closures, we opened 4 stores and closed 4 stores. The number of stores at the end of the first quarter of the current consolidated fiscal year was 991, unchanged from the previous consolidated fiscal year-end.」
In the footwear business, the company opened 4 stores and closed 4 stores, maintaining the number of stores at 991. In the apparel business, it opened 1 store and closed 12 stores, leaving 325 stores. - FY2021AdvancedAnnual report
「Regarding store openings and closures, we opened 22 stores and closed 60 stores, primarily unprofitable stores. As a result, the number of stores at the end of the consolidated fiscal year was 991, down 38 stores from the previous consolidated fiscal year-end.」
While opening 22 stores in the footwear and other businesses, the company closed 60 stores, selectively reducing the store network to 991 stores, down 38 stores from the previous year-end. - FY2021-Q3AdvancedAnnual report
「Regarding store openings and closures, we opened 20 stores and closed 43 stores, primarily unprofitable stores. As a result, the number of stores at the end of the third quarter of the current consolidated fiscal year was 1,006, down 23 stores from the previous consolidated fiscal year-end. Regarding store openings and closures, we opened 10 stores and closed 17 stores. As a result, the number of stores at the end of the third quarter of the current consolidated fiscal year was 364, down 7 stores from the previous consolidated fiscal year-end.」
The footwear and other businesses opened 20 stores and closed 43, while the apparel business opened 10 stores and closed 17, resulting in a selective reduction of the store network. - FY2021-Q2AdvancedAnnual report
「Regarding store openings and closures, we opened 16 stores and closed 25 stores, mainly unprofitable stores. As a result, the number of stores was 1,020 at the end of the second quarter of the current consolidated fiscal year, down 9 from the end of the previous consolidated fiscal year.」
In the footwear and other businesses, the company opened 16 stores and closed 25 stores. The number of stores was 1,020, down 9 stores from the previous consolidated fiscal year-end. In the apparel business, it reported 9 store openings, 13 store closures and 367 stores. - FY2021-Q1AdvancedAnnual report
「Regarding store openings and closures, we opened 15 stores and closed 10 stores, primarily unprofitable stores. As a result, the number of stores at the end of the first quarter of the current consolidated fiscal year was 1,034, up 5 stores from the previous consolidated fiscal year-end.」
While opening 15 stores in the footwear and other businesses, the company closed 10 stores, primarily unprofitable stores. The number of stores at the end of the first quarter was 1,034, up 5 stores from the previous consolidated fiscal year-end. - FY2020-Q3AdvancedAnnual report
「Regarding store openings and closures, we opened 16 stores and closed 23 stores, primarily unprofitable stores. As a result, the number of stores at the end of the third quarter of the current consolidated fiscal year was 1,040, down 7 stores from the previous consolidated fiscal year-end. Personnel expenses and administrative expenses also decreased from the previous year.」
While opening 16 stores in the footwear and other businesses, the company closed 23 stores, primarily unprofitable stores. The number of stores was 1,040, down 7 stores from the previous consolidated fiscal year-end. - FY2020-Q2AdvancedAnnual report
「Regarding store openings and closures, we opened 7 stores and closed 18 stores, primarily unprofitable stores. As a result, the number of stores at the end of the second quarter of the current consolidated fiscal year was 1,036, down 11 stores from the previous consolidated fiscal year-end.」
While opening 7 stores, the company closed 18 stores, primarily unprofitable stores, reducing the number of stores to 1,036, down 11 stores from the previous consolidated fiscal year-end. - FY2020-Q1AdvancedAnnual report
「Regarding store openings and closures, we opened 3 stores and closed 9 stores, primarily unprofitable stores. As a result, the number of stores at the end of the first quarter of the current consolidated fiscal year was 1,041, down 6 stores from the previous consolidated fiscal year-end.」
While opening 3 stores in the footwear and other businesses, the company closed 9 stores, primarily unprofitable stores, reducing the number of stores to 1,041, down 6 stores from the previous consolidated fiscal year-end. - FY2019AdvancedAnnual report
「To improve customer traffic, we opened 23 stores, mainly in the Tokyo metropolitan area, including in shopping centers, general merchandise stores and shopping streets in front of railway stations. Meanwhile, we closed 56 stores, primarily unprofitable stores. As a result, the number of stores at the end of the consolidated fiscal year was 1,047, down 33 stores from the previous consolidated fiscal year-end.」
To improve customer traffic, the company opened 23 stores while closing 56 stores, primarily unprofitable stores, reducing the number of stores to 1,047, down 33 stores from the previous year-end. - FY2019-Q3AdvancedAnnual report
「To improve customer traffic, we opened 19 stores, mainly in the Tokyo metropolitan area, including in shopping centers, general merchandise stores and shopping streets in front of railway stations. Meanwhile, we closed 40 stores, primarily unprofitable stores. As a result, the number of stores at the end of the third quarter of the current consolidated fiscal year was 1,059, down 21 stores from the previous consolidated fiscal year-end.」
To improve customer traffic, the company opened 19 stores while closing 40 stores, primarily unprofitable stores. The number of stores was 1,059, down 21 stores from the previous year-end. - FY2019-Q2AdvancedAnnual report
「To improve customer traffic, we promoted joint store openings with ㈱マックハウス, which operates the apparel business, and opened 8 stores in shopping centers and general merchandise stores. Meanwhile, we closed 27 stores, primarily unprofitable stores. As a result, the number of stores at the end of the second quarter of the current consolidated fiscal year was 1,061, down 19 stores from the previous consolidated fiscal year-end.」
While opening 8 stores, including joint stores, the company closed 27 stores, primarily unprofitable stores, reducing the number of stores to 1,061, down 19 stores from the previous year-end. - FY2019-Q1AdvancedAnnual report
「To improve customer traffic, we promoted joint store openings with ㈱マックハウス, which operates the apparel business, and opened 6 stores in shopping centers and general merchandise stores. Meanwhile, we closed 14 stores, primarily unprofitable stores. As a result, the number of stores at the end of the first quarter of the current consolidated fiscal year was 1,072, down 8 stores from the previous consolidated fiscal year-end.」
To improve customer traffic, the company opened 6 stores while closing 14 stores, primarily unprofitable stores, reducing the number of stores to 1,072. - FY2018AdvancedAnnual report
「Regarding store openings and closures, we opened 22 stores, mainly around railway stations in the Tokyo metropolitan area, while closing 35 stores, primarily unprofitable stores. As a result, the number of stores at the end of the consolidated fiscal year was 1,080, down 13 stores from the previous consolidated fiscal year-end. In addition, we changed the format of 7 stores from "Chiyoda" and "SPC" to "Shoe Plaza," further consolidating stores into the core format.」
Over the full year, the company opened 22 stores and closed 35 stores, reducing the number of stores to 1,080, down 13 stores from the previous year-end. It changed 7 stores to the Shoe Plaza format and continued consolidating stores into the core format. - FY2018-Q3AdvancedAnnual report
「Regarding store openings and closures, we opened 20 stores, mainly around railway stations in the Tokyo metropolitan area, while closing 28 stores, primarily unprofitable stores. As a result, the number of stores at the end of the third quarter of the current consolidated fiscal year was 1,085, down 8 stores from the previous consolidated fiscal year-end. In addition, we changed the format of 7 stores from "Chiyoda" and "SPC" to "Shoe Plaza," further consolidating stores into the core format.」
While opening 20 stores in the footwear and other businesses, the company closed 28 stores, reducing the number of stores to 1,085, down 8 stores from the previous year-end. It changed 7 stores to the Shoe Plaza format and continued consolidating stores into the core format. - FY2018-Q2AdvancedAnnual report
「Regarding store openings and closures, we opened 7 stores, mainly around railway stations in the Tokyo metropolitan area, while closing 22 stores, primarily unprofitable stores. Subsidiary ㈱アイウォーク opened 1 store and closed 1 store. As a result, the number of stores at the end of the second quarter of the current consolidated fiscal year was 1,078, down 15 stores from the previous consolidated fiscal year-end.」
The company opened 7 stores, including in the Tokyo metropolitan area, and closed 22 stores, primarily unprofitable stores, proceeding with the selective reduction of its store network. - FY2018-Q1AdvancedAnnual report
「Regarding store openings and closures, we opened 5 stores, mainly around railway stations in the Tokyo metropolitan area, while closing 10 stores, primarily unprofitable stores. Subsidiary ㈱アイウォーク opened 1 store. As a result, the number of stores at the end of the first quarter of the current consolidated fiscal year was 1,089, down 4 stores from the previous consolidated fiscal year-end. In addition, we changed the format of 6 stores from "Chiyoda" and "SPC" to "Shoe Plaza," further consolidating stores into the core format.」
While opening 5 stores in the footwear and other businesses, the company closed 10 stores and changed 6 stores to the core format. The number of stores was 1,089, down 4 stores from the previous year-end. - FY2017AdvancedAnnual report
「Regarding store openings and closures, we opened 17 stores, mainly in busy areas around railway stations, while closing 35 stores, including unprofitable stores. We also changed the format of 21 stores, primarily to consolidate the "Chiyoda" and "Shoes Paletta" formats into the two core formats, "Shoe Plaza" and "Tokyo Shoes Retail Center." Subsidiary ㈱アイウォーク opened 1 store and closed 5 stores. As a result, the number of stores at the end of the consolidated fiscal year was 1,093, down 22 stores from the previous consolidated fiscal year-end.」
Over the full year, the company proceeded with store closures, including unprofitable stores, and format consolidation. The number of stores in the footwear and other businesses was 1,093, down 22 stores from the previous year-end. - FY2017-Q3AdvancedAnnual report
「Regarding store openings and closures, we opened 15 stores, mainly in busy areas around train stations, while closing 24 stores, including unprofitable locations. We also changed the store format at a total of 21 stores, primarily changing “CHIYODA” and “Shoes Paletta” stores to “Shoe Plaza” and “Tokyo Shoe Distribution Center.” アイウォーク opened 1 store and closed 5. As a result, the number of stores at the end of the third quarter of the consolidated fiscal period was 1,102, a decrease of 13 from the end of the previous consolidated fiscal year.」
In the footwear and other businesses, we opened 15 stores while closing 24 stores, including unprofitable locations, and 5 アイウォーク stores, and changed the format of 21 stores. - FY2017-Q2AdvancedAnnual report
「Regarding store openings and closures, we opened 10 stores, mainly in busy areas around train stations, while closing 18 stores, including unprofitable locations. アイウォーク did not open any stores and closed 5. As a result, the number of stores at the end of the second quarter of the consolidated fiscal period was 1,102, a decrease of 13 from the end of the previous consolidated fiscal year.」
In the footwear and other businesses, we opened 10 stores while closing 18 stores, including unprofitable locations, and 5 アイウォーク stores, reducing the store count by 13 from the end of the previous fiscal year. - FY2017-Q1First statedAnnual report
「Regarding store openings and closures, we opened 8 stores, mainly in busy areas around train stations, and closed 9. アイウォーク did not open any stores and closed 2. As a result, the number of stores at the end of the first quarter of the consolidated fiscal period was 1,112, a decrease of 3 from the end of the previous consolidated fiscal year.」
In the footwear business, store openings and closures proceeded in parallel, resulting in a net decrease of 3 stores overall. The apparel business also reported 3 new store openings and the closure of 3 unprofitable stores.