Decline in per-customer spending by inbound tourists and signs of weakening sales of high-priced products
First written in FY2017-Q1. 7 of 15 entries say "Restated". Latest entry: FY2022-Q3.
The whole theme swung hardest in 2020: 18 of 22 companies on the "Worse" side.
4 other companies' latest entry also says "Mitigated".
- FY2022-Q3MitigatedAnnual report
「In the department store industry, sales of high-end merchandise performed well. Overall conditions are on a recovery track, supported by the lifting of the state of emergency related to COVID-19 infections on 30 September 2021, the success of measures targeting key customers, and strong sales of autumn and winter merchandise following the decline in temperatures.」
In contrast to the previously reported weakness in high-end product sales, the filing states that sales of high-end merchandise performed well. - FY2021-Q2MitigatedAnnual report
「At the Kawasaki store, sales of high-end products such as art and crafts performed well, and there were signs of a partial recovery, including monthly sales in August reaching the previous year's level.」
In contrast to the weakness in high-end product sales reported in the previous quarter, sales of high-end products such as art and crafts performed well at the Kawasaki store, with August monthly sales reaching the previous year's level. - FY2021-Q1WorsenedAnnual report
「High-end products, including art, jewelry and precious metals, struggled as sales activities were scaled back, including the cancellation of off-site sales events.」
The filing again identifies weakness in high-end product sales as an actual performance factor, due to the scaling back of sales activities, including the cancellation of off-site sales events. - FY2020-Q1RestatedAnnual report
「Metropolitan areas, where high-value consumption and inbound demand remained strong, maintained sales at approximately the previous year's level.」
The filing continues to describe high-value consumption and inbound demand supporting metropolitan areas. - FY2019RestatedAnnual report
「In the department store industry, metropolitan areas are on a recovery track, supported by growth in inbound demand and strong spending by affluent consumers. In regional areas, subdued consumer spending trends continue.」
The filing again describes the regional disparity, with inbound demand and spending by affluent consumers supporting metropolitan areas while consumption in regional areas remains subdued. - FY2019-Q3RestatedAnnual report
「High-value consumption and inbound demand continue to perform well, mainly in metropolitan areas, which are showing signs of recovery, while conditions remain difficult in regional areas.」
The filing again states that high-value consumption and inbound demand remain strong in metropolitan areas. - FY2019-Q2RestatedAnnual report
「Metropolitan areas are showing signs of recovery as high-value consumption and inbound demand remain strong, while conditions remain difficult in regional areas.」
The filing states that high-value consumption and inbound demand continue to perform well in metropolitan areas. - FY2019-Q1RestatedAnnual report
「Metropolitan areas, where high-value consumption and inbound demand remained strong, are showing signs of recovery.」
The filing states that continued strength in high-value consumption and inbound demand is supporting metropolitan areas. - FY2018MitigatedAnnual report
「In the department store industry, metropolitan areas are showing signs of recovery, supported by growth in inbound demand and strong spending by affluent consumers.」
In contrast to the previously reported decline in inbound customer spending and weakening high-end product sales, the full-year results describe growth in inbound demand and strong spending by affluent consumers. - FY2018-Q3RestatedAnnual report
「Inbound demand, particularly for cosmetics, also remained strong, mainly in urban areas.」
The filing again describes continued strength in inbound demand, while it does not indicate a decline in customer spending or weakness in high-end product sales. - FY2018-Q2MitigatedAnnual report
「However, it is necessary to remain mindful of the impact of uncertainty in overseas economies and volatility in financial and capital markets. In the department store industry, although core apparel remained sluggish, high-priced merchandise such as art, jewelry and precious metals was brisk on strong demand from affluent consumers, while inbound demand, particularly in urban areas and led by cosmetics, also remained strong.」
In contrast to the previously reported decline in inbound customer spending and weakness in high-end product sales, the filing describes strong sales of high-end merchandise driven by demand from affluent consumers and continued strength in inbound demand. - FY2017DroppedAnnual reportThis filing makes no direct reference to weak inbound customer spending per transaction or weak sales of high-priced merchandise.
- FY2017-Q3WorsenedAnnual report
「Inbound sales revenue remained below the previous year's level for 8 consecutive months, while the number of purchasing customers continued to exceed the previous year's level for 46 consecutive months.」
Inbound sales revenue remained below the previous year's level for 8 consecutive months, specifically demonstrating weak sales revenue despite continued growth in the number of purchasing customers. It is also stated that sales of high-priced merchandise struggled to grow. - FY2017-Q2RestatedAnnual report
「Inbound consumption, mainly in urban areas, saw a downward trend in spending per transaction, while the number of purchasing customers increased. Cosmetics performed particularly well, with sales exceeding the prior-year level for 17 consecutive months. Meanwhile, the decline in affluent consumers' willingness to spend continued, and art, jewelry and precious metals remained in a difficult situation.」
While the decline in inbound spending per transaction and weak demand for high-priced merchandise continue to be described, the increase in the number of purchasing customers is also noted. - FY2017-Q1First statedAnnual report
「Inbound customer spending per transaction, which had supported department store sales mainly in urban areas, declined, and sales of high-priced merchandise such as watches and jewelry also began to weaken.」
The decline in inbound customer spending per transaction and the weakening of high-priced merchandise sales are described as actual developments in the business environment.