As a part of the group reorganization, main distribution firm “Seven & i Holdings” has put collectively a proposal for a brand new streamlining plan that features a drastic discount within the variety of shops for “Ito-Yokado” underneath its umbrella, and can focus on it on the board assembly to be held on the ninth. It is a coverage to proceed.
According to folks concerned, Seven & i Holdings has put collectively a proposal for a brand new rationalization plan for its main grocery store, Ito-Yokado.
Among the 126 shops at the moment in operation nationwide, the proposed rationalization plan requires the closure or sale of shops with low profitability, primarily in regional cities, and a drastic discount within the variety of shops.
On the opposite hand, we’re planning to enhance profitability as a retailer by selling tenants on the clothes flooring.
We plan to debate these rationalization measures on the Board of Directors assembly to be held on the ninth.
Ito-Yokado’s efficiency has continued to be sluggish, primarily within the clothes division, as a result of competitors from specialty shops and on-line procuring, so it’s going to downsize the grocery store enterprise and additional focus administration sources on its mainstay comfort retailer enterprise.
On the opposite hand, abroad shareholders are demanding the reorganization of your complete Seven & i Group, so along with Ito-Yokado’s rationalization measures, additional enterprise restructuring, together with the comfort retailer enterprise “Seven-Eleven,” is a serious focus. improve.