Right-sizing and strengthening the functions of the Apparel and Home-Related Businesses
First written in FY2017. 3 of 10 entries say "Reframed", first in FY2020-Q2. Latest entry: FY2024.
No other company in this theme has enough history to compare yet.
- FY2024Continued weakness in apparel salesAnnual report
「However, sales remained weak, particularly for apparel, due to the effects of prolonged hot weather and a warm winter.」
While the company advanced changes to the product mix and layouts and expanded seasonal products and beauty and health products, sales remained weak, particularly for apparel, due to prolonged hot weather and a warm winter. - FY2024-Q3Apparel slowdown in the latter half of the quarterAnnual report
「Although sales for the cumulative period of the first 3 quarters exceeded the results for the same period of the previous year, sales in September-November fell below the year-earlier level, particularly for apparel, due to the effects of prolonged hot weather and other factors.」
In apparel and home-related products, the company advanced changes to the product mix and layouts and expanded seasonal products and beauty and health products. While cumulative sales exceeded the year-earlier level, sales in September-November fell below the year-earlier level, particularly for apparel, due to prolonged hot weather. - FY2024-Q2Apparel showing signs of recoveryAnnual report
「For apparel and home-related products, we are working to revitalise existing stores through measures such as reviewing the product mix and changing layouts to respond quickly to changing lifestyles and needs. In preparation for increased travel and outings as society moves beyond COVID-19, we are focusing on seasonal products such as swimwear and yukata, while also expanding products themed around beauty and health. Sales continue to recover, led by women's apparel, footwear and fashion accessories.」
The company worked on reviewing the product mix and layouts and expanding seasonal products and beauty and health products, and women's apparel and other categories entered a recovery trend. - FY2022ReframedAnnual report
「In the apparel and home-related businesses, where the market contracted during the COVID-19 pandemic, we will review the product mix around themes such as affordability, health and beauty, and environmental consideration in response to changing lifestyles and needs, while working to revitalise existing stores through measures including layout changes.」
For the apparel and home-related businesses, the focus has been reorganised from a review centred on sales efficiency and inventory reduction to reforming the product mix and sales floor around affordability, health and beauty, and environmental consideration. - FY2022-Q1AdvancedAnnual report
「For directly operated apparel, we reviewed merchandising by improving sales efficiency through initiatives such as expanding or reducing selling space to match customer needs, and by reducing inventory through shorter product selling periods.」
For apparel, the company has translated its initiatives into specific measures to improve sales efficiency by expanding or reducing selling space in response to customer needs, shortening product selling periods and reducing inventory. - FY2021ReframedAnnual report
「In the apparel and home-related businesses, where the market contracted during the COVID-19 pandemic, we will change the product mix to adapt to diversifying customer and regional needs and changes in lifestyles.」
The focus has shifted from adjusting selling-space scale and restoring competitiveness to changing the product mix in line with post-COVID customer and regional needs and changes in lifestyles. - FY2020-Q2ReframedAnnual report
「In the apparel and home-related businesses, we are working to restore competitiveness and improve profitability by optimising the product mix and sales-floor layout to propose functional products suited to customers' lifestyles and products that make daily life more convenient, while setting affordable prices.」
The wording has been revised from the previous focus on developing distinctive and locally focused products and adjusting selling-space scale to proposing functional products, optimising the product mix and sales-floor layout, and restoring competitiveness through affordable pricing. - FY2019-Q2RestatedAnnual report
「In the apparel and home-related businesses, we are working to improve profitability by developing distinctive products and expanding locally focused products, while aiming for an appropriate scale of selling space in order to offer lifestyle proposals tailored to store characteristics.」
The company continues to improve profitability through the development of distinctive and locally focused products and the adjustment of selling-space scale. - FY2019-Q1RestatedAnnual report
「In the apparel and home-related businesses, we are working to improve profitability by developing distinctive products and expanding locally focused products, while aiming for an appropriate scale of selling space in order to offer lifestyle proposals tailored to store characteristics.」
The company continues to improve profitability in the apparel and home-related businesses through the development of distinctive and locally focused products and the adjustment of selling-space scale. - FY2017First statedAnnual report
「In the apparel and home-related businesses, we will expand the strengths of core departments where we can establish a competitive advantage and promote achieving an appropriate scale and strengthening functions by combining franchises and tenants.」
For the apparel and home-related businesses, the company has for the first time indicated a review of its business structure by concentrating on core departments and combining franchises and tenants.