Shift from Store Investment to IT and Logistics Investment
First written in FY2020. 2 of 6 entries say "Restated". Latest entry: FY2022.
5 other companies' latest entry also says "Dropped".
- FY2022DroppedAnnual report
「We will work to restore performance by making improvement in gross margin through stronger brand equity and MD reform, expanding EC sales through improved EC operations and stronger DtoC, and recovering store sales through reforms to sales methods and selling spaces our priority initiatives.」
The expression previously used, "shifting investment from stores to IT and logistics," does not appear in this filing. The priority initiatives have been reorganized around brand and MD, EC and DtoC, and reforms to sales and selling spaces. - FY2022-Q2SoftenedAnnual report
「We will work to improve profitability and cash flow by focusing on reforming the earnings structure of existing businesses and promoting and expanding the EC business.」
Compared with the group of initiatives, including the investment shift, presented in the previous filing, this filing narrows the focus to 2 items: reforming the earnings structure of existing businesses and promoting and expanding the EC business. - FY2022-Q1ReframedAnnual report
「To evolve into a lifestyle tech company, our group will focus on reforming the earnings structure of existing businesses, promoting and expanding the EC business, and reforming the cost structure through DX, while implementing each initiative and working to improve cash flow.」
The previous explanation of shifting investment from stores to IT and logistics has been reorganized around initiatives centered on reforming existing businesses, expanding EC and reforming the cost structure through DX. - FY2021-Q3RestatedAnnual report
「However, we will work to improve profitability and cash flow by focusing on shifting investment to promote fashion tech, reforming the earnings structure of existing businesses, and promoting and expanding the EC business.」
The Company has reaffirmed its policy of improving profitability and cash flow through the investment shift, reform of existing businesses and expansion of EC. - FY2021-Q2RestatedAnnual report
「The company is working to establish stable profitability by shifting investment toward fashion technology, reforming the earnings structure of existing businesses, and promoting and expanding the e-commerce business.」
The Company continues its 3 initiatives to promote fashion tech, including a policy of shifting investment from stores to IT and logistics. - FY2020First statedAnnual report
「Regarding the shift in investment to promote fashion tech, we will significantly shift investment from stores to IT and logistics and reform our earnings structure.」
Toward the fiscal year ending February 2021, the Company explicitly presented for the first time a measure to significantly shift resource allocation from store investment to IT and logistics investment.