Seven & i Holdings, a major distribution company, has officially announced a new management plan, including a significant reduction in the number of stores, which is one-fourth of the total, for its major supermarket, Ito-Yokado.
Seven & i Holdings held a board meeting on the 9th and decided on a new management plan for the group.
As of February 31, 2020, Ito-Yokado, a major supermarket chain under its umbrella, plans to expand the number of its 126 stores nationwide, focusing on stores with low profitability in regional cities, by the end of February 2026, three years from now. We are planning to reduce the 33 stores corresponding to 1 to 93 stores.
On top of that, in the Tokyo metropolitan area, we are planning to integrate and reorganize the business with "York", which operates small supermarkets under the group.
In addition, it will completely withdraw from the apparel business operated by itself and concentrate on the food business.
Ito-Yokado's performance has continued to be sluggish, especially in the clothing division due to competition with specialty stores and online shopping. I'm going to let you
On the other hand, overseas shareholders are demanding that the entire Seven & i Group be reorganized, so in addition to Ito-Yokado's rationalization measures, further business reorganization, including the convenience store business "Seven-Eleven," is also a major focus. becomes.