Signs of a Recovery in the Department Store Industry
First written in FY2018-Q1. 12 of 24 entries say "Restated". Latest entry: FY2026-H1.
0 other companies' latest entry also says "Softened".
- FY2026-H1SoftenedAnnual report
「The environment surrounding department stores remains difficult, with high-value consumer spending and inbound demand, particularly at core department stores in major metropolitan areas, slowing.」
The previous description of significant recovery, particularly in major metropolitan areas, has given way to a focus on slowing high-value consumer spending and inbound demand, as well as difficult operating conditions. - FY2025RestatedAnnual report
「Trading conditions, particularly at core department stores in major metropolitan areas, showed significant recovery due to the rapid recovery in international visitor arrivals.」
The company continues to describe the coexistence of significant recovery in major metropolitan areas, compared with the previous reference to “signs of recovery,” and difficult conditions in regional cities. - FY2024-Q3AdvancedAnnual report
「In the department store industry, business conditions recovered markedly, particularly in major urban areas, mainly driven by inbound demand, following the reclassification of COVID-19 under the Infectious Diseases Control Law to Category 5 in May 2023 and the lifting of restrictions on activities.」
The description has progressed from the previous reference to “signs of recovery” to concrete improvement, with significant recovery in trading conditions, particularly in major metropolitan areas. - FY2024-Q2RestatedAnnual report
「In the department store industry, following the reclassification of COVID-19 under the Infectious Diseases Control Law to Category 5 in May 2023 and the lifting of restrictions on activities, trading conditions improved from the previous year due to increased opportunities to go out and the recovery in inbound demand from overseas visitors, with signs of recovery beginning to emerge mainly in major metropolitan areas.」
The company continues to describe improved trading conditions, particularly in major metropolitan areas, against a backdrop of the lifting of restrictions on activities, increased opportunities to go out and a recovery in inbound demand. - FY2024-Q1RestatedAnnual report
「Trading conditions improved year on year and began to show signs of recovery, particularly in major cities, due to increased opportunities to go out and the recovery in inbound demand. However, conditions in regional areas have not yet returned to pre-pandemic levels.」
The company continues to describe improved trading conditions and signs of recovery, particularly in major cities, while noting that regional areas remain below pre-pandemic levels. - FY2023-Q3RestatedAnnual report
「Trading conditions significantly exceeded the previous year and began to show signs of recovery, owing to the rebound from requests for temporary closures issued during the state of emergency declared amid the spread of COVID-19 the previous year, as well as increased opportunities to go out following the easing of restrictions on activities. However, conditions have not yet returned to pre-pandemic levels.」
The company continues to recognize that trading conditions have significantly exceeded the previous year and begun to show signs of recovery against a backdrop of the lifting of operating restrictions and increased opportunities to go out, while noting that they have not returned to pre-pandemic levels. - FY2023-Q1AdvancedAnnual report
「Trading conditions have significantly exceeded the previous year and begun to show signs of recovery, but have not yet returned to pre-pandemic levels.」
Against a backdrop of the lifting of operating restrictions and increased opportunities to go out, department-store trading conditions showed concrete improvement, significantly exceeding the previous year. However, they have not returned to pre-pandemic levels. - FY2022RestatedAnnual report
「Trading conditions have gradually begun to show signs of recovery, but have not yet returned to pre-pandemic levels.」
The company continues to report signs of recovery in department-store trading conditions while noting that they remain below pre-pandemic levels. - FY2022-Q3AdvancedAnnual report
「Trading conditions have gradually begun to show signs of recovery since the state of emergency was lifted, but have not yet returned to pre-pandemic levels.」
While indicating concrete progress in the gradual recovery of department-store trading conditions after the state of emergency was lifted, the company states that conditions have not returned to pre-pandemic levels. - FY2022-Q1RestatedAnnual report
「Although performance in the department store industry was trending toward recovery compared with the previous fiscal year, trading conditions remained difficult nationwide due to reduced sales opportunities from temporary closures and shortened operating hours associated with the spread of COVID-19, the cancellation of major events and weak inbound demand.」
The company continues to describe the coexistence of recovery factors, including a year-on-year recovery trend, and deterioration factors, with difficult trading conditions continuing nationwide. - FY2021RestatedAnnual report
「From the second quarter onward, sales gradually began to show signs of recovery, supported by steady demand for high-value goods and home-related products, as well as the resumption of large-scale events and the expansion of sales channels. However, as customers became more cautious in their spending amid rising infection numbers and the issuance of the second state of emergency, uncertain trading conditions continue.」
Although signs of recovery are evident in demand for high-value goods and home-related products and the resumption of events, conditions remain uncertain due to rising infection numbers and the second state of emergency. - FY2021-Q1WorsenedAnnual report
「In the department store industry, trading conditions were generally difficult nationwide, with sales substantially below the previous year's level, due to a sharp decline in store visitors from reduced sales opportunities, including temporary closures, shortened operating hours and the cancellation of major events, as well as a sharp drop in inbound demand.」
The situation has deteriorated from descriptions of signs of recovery and resilience, particularly in major metropolitan areas, to a substantial nationwide shortfall versus the previous year's results due to fewer sales opportunities, a sharp decline in store traffic and a steep drop in inbound demand. - FY2020SoftenedAnnual report
「The environment surrounding the department store industry remained difficult due to the consumption tax increase, unsettled weather and a slowdown in inbound demand. Regional department stores were similarly affected, with fewer store visitors and sluggish apparel sales, and generally difficult trading conditions continued.」
Rather than the previous description of recovery and resilience, particularly in major metropolitan areas, the focus is now on generally difficult trading conditions due to the consumption tax increase, adverse weather and a slowdown in inbound demand, among other factors, while references to a broad-based recovery have weakened. - FY2020-Q3SoftenedAnnual report
「In the department store industry, trading conditions remained generally difficult, partly due to the consumption tax increase, unsettled weather and a slowdown in inbound demand.」
The description has shifted from the previous recovery trend, supported by affluent consumer spending and strength in certain categories, to generally difficult trading conditions rather than a broad-based recovery, due to the consumption tax increase, adverse weather and a slowdown in inbound demand. - FY2020-Q2SoftenedAnnual report
「In the department store industry, high-value consumption by affluent customers continued to drive sales, and some categories such as luxury brands and cosmetics performed well. However, sales of high-summer items were sluggish due to unstable weather, and the number of overseas visitors declined, resulting in generally difficult trading conditions.」
While strong performance continues in some categories, including affluent-consumer spending, luxury brands and cosmetics, the report describes overall conditions as difficult rather than a broad-based industry recovery, due to weather and declining inbound demand. - FY2020-Q1RestatedAnnual report
「In the department store industry, gradual signs of recovery emerged in major metropolitan areas, supported by an increase in overseas visitors and high-value consumption by affluent customers. In regional department stores, where inbound demand is low, some categories such as cosmetics remained firm, but consumption differed markedly from that in metropolitan areas, resulting in generally difficult trading conditions.」
Continues to describe a gradual recovery in major metropolitan areas supported by foreign visitors to Japan and affluent-consumer spending, alongside difficult trading conditions in regional cities. - FY2019ReframedAnnual report
「Inbound demand from affluent domestic customers and foreign visitors to Japan continued to drive sales, particularly in urban areas. However, due in part to tighter regulations in China, department store duty-free sales turned negative in January for the first time in 26 months. In regional areas, where inbound demand is low, some categories, including cosmetics and food events, remained solid, but consumption differed from that in urban areas, resulting in generally difficult trading conditions.」
In addition to the previously noted recovery and solid performance centered on urban areas, the report notes declining duty-free sales and difficult trading conditions in regional areas, describing a recovery that is not uniform. - FY2019-Q3RestatedAnnual report
「Sales remained generally solid, supported in part by continued strong growth in inbound demand from affluent domestic customers and foreign visitors to Japan. In regional areas, consumption differs from that in urban areas, and difficult trading conditions continue.」
Continues to describe the industry's existing conditions, with a recovery and solid performance centered on urban areas coexisting with difficult trading conditions in regional areas. - FY2019-Q2RestatedAnnual report
「Sales remained generally solid, supported in part by continued strong growth in inbound demand from affluent domestic customers and foreign visitors to Japan. In regional areas, where consumption differs from that in urban areas, difficult trading conditions continue.」
Continues to describe a recovery centered on urban areas, driven by affluent-consumer spending and inbound demand, while also noting difficult trading conditions in regional areas and the ongoing regional disparity. - FY2019-Q1AdvancedAnnual report
「In the department store industry, sales were positive for 2 consecutive months in March and April, as favorable weather and stronger seasonal demand led to active sales of spring and summer merchandise.」
Shows concrete progress in the recovery, with department store sales positive for 2 consecutive months. - FY2018RestatedAnnual report
「In the department store industry, the increase in foreign visitors to Japan and high-value spending provided support, and signs of a gradual recovery emerged in major cities. In regional cities, however, sales of some categories, such as cosmetics, remained solid, but personal consumption lacked strength, resulting in generally difficult trading conditions.」
While pointing to a gradual recovery in major cities driven by foreign visitors to Japan and high-value spending, the report states that personal consumption lacks strength in regional cities and difficult trading conditions continue. - FY2018-Q3RestatedAnnual report
「In the department store industry, demand remained firm mainly in major cities amid robust consumption by affluent customers and inbound tourism, while lower temperatures prompted sales of fall and winter apparel such as sweaters and coats to pick up, with gradual signs of recovery emerging.」
In addition to strong spending by affluent customers and inbound demand, movement in autumn and winter apparel has emerged, and the report continues to describe signs of a gradual recovery in the department store industry. - FY2018-Q2AdvancedAnnual report
「In the department store industry, high-value spending by affluent customers and inbound spending continued to grow strongly, with signs of recovery appearing in major cities, including sales turning positive in August for the first time in 2 months.」
Shows continued strong growth in high-value and inbound spending, with concrete progress in the recovery reflected in sales in major cities turning positive in August for the first time in 2 months. - FY2018-Q1First statedAnnual report
「In the department store industry, high-value consumption and inbound spending remained strong due to the wealth effect from the weaker yen and higher stock prices, with signs of a gradual recovery emerging, including department store sales turning positive in April for the first time in 14 months.」
Cites strong high-value and inbound consumption and April department store sales turning positive for the first time in 14 months as signs of an industry recovery.