FamilyMart news

Philippine Seven Corp., 7-Eleven’s operator in the country, said that it plans to build 412 new stores this year, spending PHP3.5bn (US$70m) to PHP4bn (US$80m) in capital expenditures in 2017. 10,000 stores in 10 years Jose Victor Paterno, the company’s CEO, said that, out of 412 new store planned for 2017, half will be company-owned stores while the other half will be offered for franc...

Japanese convenience store operator FamilyMart has opened its first store in Kuala Lumpur, Malaysia. 300 stores in five years FamilyMart has launched its first store in Malaysia as scheduled, through a licensing agreement with local food processor QL Resources, in a bid to tighten its grip on the growing Asian market. The store, located at Wisma Lim Foo Yong at Jalan Raja Chulan, ope...

FamilyMart’s Thailand operator Central FamilyMart plans to open over 800 stores within next five years. Double the number of FamilyMart stores Central FamilyMart has announced that it aims to double the number of its convenience stores in Thailand from 1,116 to more than 2,000 by 2021. This is a clear attempt to upscale FamilyMart’s operation in Thailand, where the brand faces strong compet...

FamilyMart and Uny Group have completed a merger, creating the second largest convenience store operator in Japan, after 7-Eleven. Circle K Sunkus to be rebranded to FamilyMart The launch of FamilyMart Uny Holdings Co. marks a consolidation in an industry where retailers are facing intense competition to boost sales as the Japanese economy lacks strength and the population is expected to...

Taiwan’s two major convenience store operators have reported record-high sales for last month, with summer being a high season for the retail industry. PSCS strong performance across segments As 7-Eleven’s operator in Taiwan, President Chain Store Corp’s sales increased 7% to TWD19.0b (US$607.5m) last month, with aggregate sales in the first seven months rising 6.1% percent annually to TWD1...

FamilyMart, one of Japan’s leading convenience store operators, has posted a 3.1% increase in operating revenues to JPY102bn (US$986m) in Q1 2016, whilst its operating income has declined 5.9%, to JPY10bn (US$100m). Sales growth driven by new stores While FamilyMart has seen a 1% uplift in LFL store sales, the aggressive store expansion in Q1 is also a key driver of the company’s solid ...

FamilyMart and Uny Group, the operator of Circle K and Sunkus, have agreed to merge, forming the second largest convenience store chain in Japan. The combined number of convenient stores will reach 18,000, getting closer to 7-Eleven's 18,600 stores. The deal FamilyMart will absorb six units of UNY Group Holdings and change its name to FamilyMart Uny Holdings, effective September 1st. Conven...

Japanese convenience store operator, FamilyMart will mark its debut in Malaysia this year, after signing a master franchise agreement with local food processor QL Resources. Targeting 300 stores in five years QL Resources will develop and run FamilyMart convenience stores in Malaysia through its wholly owned subsidiary Maxincome Resources. The company said that the expansion into the conven...

Japanese convenience store chain FamilyMart has reported record high results in its group operating revenues and income for the fiscal year ending February 2016. Growth across key performance measures FamilyMart group operating revenues have grown 14% YoY, to JPY427.7bn (US$3.9bn), whilst its operating income climbed 21% to JPY48.7bn (US$449m). FamilyMart opened 328 new stores in t...

Retailers in Asia are increasingly exploring new ways to maximise the online opportunity through cross border trade and new online platforms. In this article we assess the latest developments from Walmart, Matahari and FamilyMart. China: 'Walmart Global Shop' launches Walmart China has launched a new cross border online service named Walmart Global Shop, which allows shoppers on the reta...