Shimamura Co., Ltd., a major clothing chain, reported that its final profit for the year ending February was 26.1 billion yen due to the so-called "needing demand" and strong sales of household products such as room wear. It has almost doubled from the previous year.
Shimamura's financial results for the year ending February 20 are 542.6 billion yen, a 4% increase from the previous year, and a 99% increase in final profit, 26.1 billion yen, almost doubling. Sales and profits increased.
This is due to the fact that sales were strong due to an increase in the lineup of room wear and other items, while the number of people spending time at home increased due to the spread of infection and the demand for nesting was increasing.
Shimamura's business performance has recovered, although sales and profits have declined for the third consecutive term due to a decrease in visitors due to intensified price competition with competing clothing chains and a narrowed product lineup.
With the spread of the infection, the performance of apparel makers that mainly deliver clothes to department stores deteriorates, while the sales of chain stores that offer relatively cheap clothing at stores in the suburbs are increasing, and in terms of performance. Polarization is progressing.