Renown Resignation for voluntary retirement Cancellation of possible personnel reduction and store closure expansion on October 15 at 21:07
Renown, a major apparel company whose business performance has been sluggish due to intensifying competition with fast fashion, etc., announced that it will temporarily cancel recruitment for voluntary retirement launched in August in order to improve management efficiency.
According to the fact that department stores with sales bases have been closed one after another, there is a possibility of reducing the number of employees and expanding the scale of the store closure.
In August, 16% of the Group's employees were working to improve management efficiency, while sales of major brands such as “Durban” and “Aqua Scutum” did not show up as competition with fast fashion and online shopping intensified. The plan for soliciting about 150 voluntary retirements was clarified.
However, on the 15th, the company announced that it would cancel recruitment for voluntary retirement on the 15th that it would be necessary to re-examine the personnel assignments following the closure of department stores with sales bases.
Renown will close approximately 140 stores in Japan this fiscal year, but Renown's Tomoyuki Muramoto, general manager of management, said at the press conference, , There is a possibility of further reducing the number of stores and personnel, ”he said.
In the apparel industry, “Onward Holdings”, which develops brands such as “23 wards” and “5 continents”, will close about 600 stores, which accounts for 20% of domestic and overseas stores, and how to survive harsh management environments It has become an issue.