Adapting to the Chinese Market and Optimizing the Assortment by Expanding Locally Sourced Products
First written in FY2017-Q1. 8 of 19 entries say "Restated". Latest entry: FY2022.
0 other companies' latest entry also says "Dropped".
- FY2022DroppedAnnual report
「飾夢楽（上海）商貿有限公司 resolved to liquidate at a board meeting in February 2022 and is currently undergoing liquidation procedures.」
After closing all stores, the business that had sought to adapt to the Chinese market progressed to a resolution to liquidate and the liquidation-procedure stage. - FY2021-Q3DroppedAnnual report
「飾夢楽, which had operated mainly in Shanghai, closed all stores as of the end of October, retaining only some head-office functions.」
The policy shifted from seeking to adapt to the Chinese market and strengthen the merchandise assortment to closing all stores at the end of October, and the business-scaling-back plan was implemented. 飾夢楽 was also excluded from the scope of consolidation because of its reduced significance. - FY2021-Q2ReframedAnnual report
「Because no improvement was seen in sales conditions, the company decided to close all stores during the fiscal year and scale back the business.」
The plan was revised from seeking to adapt to the Chinese market and strengthen the merchandise assortment to closing all stores during the fiscal year and scaling back the business. - FY2021-Q1AdvancedAnnual report
「飾夢楽, which operates mainly in Shanghai, is exploring adaptation to the Chinese market by restructuring its stores through withdrawal from suburban stores and reductions in existing-store sales-floor areas, while strengthening its China-tailored merchandise assortment by expanding local procurement in China. During the cumulative first quarter of the consolidated fiscal period, 1 store was closed, bringing the store count to 7.」
In the China business, store restructuring and expanded local procurement in China continued; 1 store was closed in the first quarter, reducing the store count to 7. - FY2020AdvancedAnnual report
「The company planned to close 3 stores in fiscal 2020, leaving 5 stores at year-end.」
For the China business, the company presented a store restructuring plan involving continued concentration of store-opening areas in Shanghai, Suzhou and Wuxi and adaptation to the market through local production, with 3 stores to be closed and 5 stores remaining at year-end. - FY2020-Q3RestatedAnnual report
「飾夢楽 has been restructuring its stores since last year, withdrawing from suburban stores and reducing the sales-floor area of existing stores. It is currently exploring adaptation to the Chinese market, with Shanghai, Suzhou and Wuxi as its store-opening areas.」
The policy of adapting to the Chinese market by withdrawing from suburban stores, reducing existing-store sales-floor areas and concentrating store openings in Shanghai, Suzhou and Wuxi has continued. - FY2020-Q2AdvancedAnnual report
「飾夢楽 has been restructuring its stores since last year, withdrawing from suburban stores and reducing the sales-floor area of existing stores. It is currently exploring adaptation to the Chinese market, with Shanghai, Suzhou and Wuxi as its store-opening areas. During the cumulative first half of the consolidated fiscal period, 3 stores were closed, bringing the store count to 8.」
As part of store restructuring, the company continued its withdrawal from suburban stores and reductions in existing-store sales-floor areas, closing 3 stores during the cumulative quarter and reducing the store count to 8. - FY2020-Q1ReframedAnnual report
「飾夢楽 has been restructuring its stores since last year, withdrawing from suburban stores and reducing the sales-floor area of existing stores. It is currently exploring adaptation to the Chinese market, with Shanghai, Suzhou and Wuxi as its store-opening areas.」
The means of adapting to the Chinese market became more specific, evolving from descriptions of local factories, EC and procurement methods to store restructuring involving withdrawal from suburban stores, reductions in existing-store sales-floor areas and concentration of store-opening efforts in Shanghai, Suzhou and Wuxi. - FY2019ReframedAnnual report
「To strengthen selling capabilities at physical stores, the 飾夢楽 business will produce products suited to Chinese customers at local factories in order to develop a merchandise assortment adapted to local Chinese needs, and will establish methods for procuring products that sell.」
The policy for adapting to the Chinese market was reorganized from one including EC expansion to one focused on physical stores, production at local factories, a merchandise assortment for China and establishing methods for procuring products that sell. - FY2019-Q3RestatedAnnual report
「飾夢楽, which operates mainly in Shanghai, will establish its adaptation to the Chinese market and its method of procuring products that sell in order to improve sales at existing stores. During the cumulative first nine months of the consolidated fiscal period, 1 store was closed, and sales from the remaining 10 stores rose 9.5% year on year in local-currency terms to RMB24 million (¥411 million).」
The policy of improving sales at existing stores by adapting to the Chinese market and establishing methods for procuring products that sell has continued. Sales from the 10 existing stores rose 9.5% year on year in local-currency terms. - FY2019-Q2RestatedAnnual report
「飾夢楽, which operates mainly in Shanghai, will establish its adaptation to the Chinese market and its method of procuring products that sell in order to improve sales at existing stores.」
The policy of improving sales at existing stores by adapting to the Chinese market and establishing methods for procuring products that sell has continued. - FY2019-Q1ReframedAnnual report
「The 飾夢楽 business will establish its adaptation to the Chinese market and its method of procuring products that sell as it expands its EC business.」
In addition to the existing locally tailored merchandise assortment, the expansion of the EC business and establishment of a method for procuring products that sell were explicitly identified as means of adapting to the Chinese market. - FY2018RestatedAnnual report
「飾夢楽, which operates mainly in Shanghai, is advancing changes to its merchandise assortment to suit the Chinese market, including procuring products for Chinese consumers at local factories that manufacture products for Japan's Shimamura. It also began expanding its EC business in August to deepen its presence in the Chinese market and worked to improve performance. During the consolidated fiscal year, 1 store was opened and 1 store was closed, resulting in 11 stores」
Procurement of products for China and changes to the merchandise assortment using local factories have continued. The EC business was launched to deepen the company's presence in the Chinese market, and operations stood at 11 stores following the opening of 1 store and closure of 1 store. - FY2018-Q3RestatedAnnual report
「It is advancing changes to its merchandise assortment to suit the Chinese market, including procuring products for Chinese consumers at local factories that manufacture products for Japan's Shimamura.」
Market adaptation through procurement of products for China and changes to the merchandise assortment using local factories has continued. The launch of the EC business will be recorded in a separate thread. - FY2018-Q2RestatedAnnual report
「It is advancing changes to its merchandise assortment to suit the Chinese market, including procuring products for Chinese consumers at local factories that manufacture products for Japan's Shimamura」
Market adaptation through procurement of products for China and changes to the merchandise assortment using local factories has continued. - FY2018-Q1RestatedAnnual report
「飾夢楽, which operates mainly in Shanghai, worked to improve performance by changing its merchandise assortment to suit the Chinese market, including procuring products suited to Chinese consumers at local factories that manufacture products for Japan's Shimamura.」
Market adaptation through procurement of products for Chinese consumers and changes to the merchandise assortment using local factories has continued. - FY2017ReframedAnnual report
「飾夢楽, which operates mainly in Shanghai, will produce products suited to Chinese consumers at local factories that manufacture products for Japan's Shimamura, thereby adapting to the Chinese market. It will also establish standards for appropriate chain expansion and pursue a dominant-store strategy. In fiscal 2017, it planned to open 2 stores and close 1, bringing the projected year-end total to 12 stores.」
The explanation of the initiatives became more specific, expanding from the previous description of increasing locally procured products to production of products for China at local factories, establishing store-opening criteria and pursuing a dominant-store strategy. - FY2017-Q3RestatedAnnual report
「To increase sales by strengthening product appeal, the company expanded locally procured products and advanced adaptation to the Chinese market and optimization of its merchandise assortment.」
The expansion of locally procured products and optimization of the merchandise assortment are reiterated as the same initiative. - FY2017-Q1First statedAnnual report
「To increase sales by strengthening product appeal, the company expanded locally procured products and advanced adaptation to the Chinese market and optimization of its merchandise assortment.」
The expansion of local procurement is presented as a means of adapting to the Chinese market and improving the merchandise assortment.