Weak Performance at Central-City Stores and Relative Resilience at Suburban Stores During the COVID-19 Pandemic
First written in FY2021-Q3. 2 of 3 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2022-Q3.
0 other companies' latest entry also says "Advanced".
- FY2022-Q3AdvancedAnnual report
「Stores serving broad trading areas struggled amid the resurgence of COVID-19, while stores serving smaller trading areas performed well. ... Although urban-format stores struggled with sales during the state of emergency, same-store sales exceeded the previous year, supported in part by strong performance at suburban stores in residential locations.」
Izumiya and Hankyu Oasis specifically demonstrated performance differences by format and location, with urban stores and stores serving broad trading areas struggling, while small-trading-area stores and suburban stores in residential locations performed well. - FY2022-Q1AdvancedAnnual report
「The three food supermarkets reported higher total sales as the declaration of a state of emergency increased demand for meals prepared at home, particularly at suburban-format stores, resulting in higher customer traffic.」
The previous description that suburban stores were relatively resilient was supplemented with specific developments: customer traffic at suburban-format stores increased against a backdrop of greater demand for meals prepared at home during the state of emergency, driving higher total sales. - FY2021-Q3First statedAnnual report
「Meanwhile, suburban stores located close to customers' homes and with a high proportion of food sales performed relatively steadily.」
While customer traffic at urban stores remained low during the pandemic, suburban stores located near customers' homes and with a high proportion of food sales performed relatively steadily, according to the disclosure.