Abolition of five brands including "Aqua Girl" closed at 350 stores in the world August 5 17:53
“World,” a major apparel company, said that while the business environment in the fashion industry is changing significantly due to the spread of the new coronavirus, it is necessary to drastically improve profitability. After abolishing one brand, we decided to close more than 350 stores in Japan and recruit about 200 voluntary retirement.
According to the announcement, World has ended sales of five brands such as "Aqua Girl" and "Ozoc" targeting the younger generation because it is not expected to improve profits, and will also narrow down other brands in the future I am.
In addition, in order to sort out unprofitable stores, we will close 358 stores that have been opened in shopping centers and other stores by March next year. We are looking for voluntary retirement.
World suffered from worsening business results due to the temporary closure of business due to the spread of infection and the shortening of business hours, which was announced on the 5th. It fell 45%, and the final loss was 2.4 billion yen.
As the business environment in the fashion industry changes drastically, the company needs to drastically improve its earning power. In the future, the policy is to rebuild the business by strengthening online shopping.