WORLD CO., LTD. 2023/4/5
Company Name: World Co., Ltd.
Representative: Nobuteru Suzuki, President, Representative Managing Executive Officer (Securities Code: 3612 Prime, Tokyo Stock Exchange)
Contact: Keiichi Nakabayashi, Deputy President, Representative Managing Executive Officer (IR Office Phone: +81-3-6887-1300)
2H
Full Term
30
78
0
*3
Note: As a general rule, the sales summary is disclosed on the third business day of the month following the reporting month and includes preliminary data. Should final data differ from any preliminary data, the revised figures will be
disclosed when the preliminary data for the subsequent month are announced. | ||||||||
*1 | Figures are for domestic retail sales only and do not include domestic wholesale or event sales figures or overseas sales. | |||||||
*2 | Figures for store sales and number of stores include directly managed stores and VSPA (Virtual SPA), but they do not include figures for FC (Franchise) stores or overseas stores. | |||||||
*3 | Same stores are defined as stores that were opened or newly consolidated (joined the Group) more than 12 months prior to the report and were unchanged from the previous month in terms of retail floor size, which changes the | |||||||
number of same stores on a monthly basis. Therefore, stores that have been relocated or closed for more than a day due to renovations have been excluded from the results of same stores. Same stores, which are closed or | ||||||||
*4 | operating with reduced hours under the state of emergency, remain included. Additionally, online sales are not included in Same-Store Sales. | *6 | ||||||
Online Sales figures represent total sales by World Group brand companies through their own and other companies' websites. | ||||||||
*5 | Figures include the sales (Store Sales and Online Sales) and number of stores (680 as of March 2022) of Narumiya International Co., Ltd. (Narumiya), which became a consolidated subsidiary in March 2022, and Narumiya is included | |||||||
in Same-Store Sales from March 2023. | － | |||||||
*6 | For February 2023, Domestic Sales was revised from 152.6% to 152.4%, Store Sales from 149.7% to 149.6%, Same-Store Sales from 134.4% to 134.3%, and Online Sales from 161.7% to 161.4%, all indicated by an underline. | |||||||
Number of holidays* year-on-year | Current month | Month in previous year | *Saturdays, Sundays and public holidays |
• Domestic sales for the month were 105.2% of those for the same period of the previous year, consisting of 105.3% of store sales and 104.5% of online sales, while same-store sales were 112.4%. Same-store | |
±0 | △1 |
sales for the month were 89.0% of the pre-Covid level in FY2018. There were the same number of holidays as in the same month of the previous year. In March 2023, a full year had passed since the addition of Narumiya to the Group, so Narumiya falls under the same-store category from this month. The growth rate of domestic retail sales slowed due to the impact of Narumiya joining the Group. In addition, Narumiya worked to reduce the growth rate of consolidated sales compared to the same month of the previous year.
• In the store sales channel, the number of additional closures of unprofitable stores increased in the fourth quarter as a final phase of the structural reforms, which had the effect of somewhat limiting the rate of
growth in sales at all stores. With the spring sales season in full swing and as the flow of people to the stores has been gradually picking up, sales steadily increased. In addition, although online sales have entered the period when products are in high demand and thus sales are at their highest, and were as strong as store sales in March, there was a notable shift in customer purchasing behavior from online to stores. As a result, without Narumiya, same-store sales were up 14.4% year on year and online sales were up 7.0% year on year, more than offsetting the impact of Narumiya (-2 percentage points).
• In regard to specific items, light clothing sold well with the significant rise in temperature. In spring knitwear, the layered set series was a hit, and the trendy knit vest and long T-shirt set particularly sold well. By
brand, women's apparel performed well overall, and men's brands such as TAKEO KIKUCHI, THE SHOP TK, and DRESSTERIOR, made a strong recovery, while RAGTAG, for which there was strong inbound customer demand, continued to drive overall growth.
Note: The Company's financial results for the year ended March 2023 are scheduled to be released via its corporate website and TDnet on May 8.
FY2021 | ||||||||||||||||||||
(April 1, 2021 to March 31, 2022) | Apr. | May | Jun. | Jul. | Aug. | Sep. | 1H | Oct. | Nov. | Dec. | Jan. | Feb. | Mar. | 2H | Full Term | |||||
Sales (YoY) | Change (%) | |||||||||||||||||||
Domestic Sales | 261.8 | 143.9 | 77.6 | 87.8 | 72.4 | 76.5 | 98.1 | 85.0 | 94.1 | 92.8 | 95.0 | 75.3 | 109.8 | 92.9 | 95.2 | |||||
Store Sales | 399.1 | 169.8 | 75.9 | 88.8 | 70.7 | 72.7 | 100.5 | 84.3 | 91.7 | 92.3 | 93.8 | 73.8 | 106.9 | 91.5 | 95.3 | |||||
Same-Store Sales | 433.7 | 182.9 | 80.0 | 94.4 | 76.2 | 84.1 | 107.5 | 99.0 | 107.3 | 110.2 | 111.7 | 84.9 | 101.8 | 103.3 | 105.2 | |||||
Online Sales | 99.4 | 94.6 | 86.1 | 83.7 | 79.8 | 96.1 | 89.5 | 89.2 | 106.6 | 94.8 | 99.6 | 80.3 | 124.1 | 99.4 | 94.6 | |||||
Number of Stores | ||||||||||||||||||||
End of Month (Term) | 2,169 | 2,160 | 2,146 | 2,067 | 1,831 | 1,820 | 1,819 | 1,810 | 1,809 | 1,749 | 1,716 | 2,361 | ||||||||
Openings | 19 | 2 | 2 | 1 | 4 | 9 | 37 | 8 | 1 | 0 | 1 | 1 | 9 | 20 | 57 | |||||
Closings | 5 | 11 | 16 | 80 | 240 | 20 | 372 | 9 | 10 | 1 | 61 | 34 | 44 | 159 | 531 | |||||
M&A | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 680 | 680 | 680 | |||||
Number of Same Stores | 1,930 | 1,930 | 1,925 | 1,852 | 1,610 | 1,592 | 1,606 | 1,602 | 1,615 | 1,555 | 1,521 | 1,527 |
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World Co. Ltd. published this content on 05 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 April 2023 09:40:02 UTC.
