FamilyMart news

FamilyMart and UNY announced details of their management integration agreement, following the announcement of the two companies’ merger last year. Change of company names UNY Group will be merged into FamilyMart and the integrated company will change the name to “FamilyMart UNY Holdings Co., Ltd.” Meanwhile, FamilyMart’s convenience store business will be transferred to Circle K, a ...

Japanese convenience store chains look set to grow their overseas business with support from the government under the new Pacific free trade agreement. Government-backed pact to help ease restrictions Four major convenience store operators -7-Eleven Japan, Lawson, FamilyMart and Aeon’s Ministop - have formed a council with the Japan External Trade Organization (JETRO). They will work to...

Lotte Mart plans to open 50 new supermarkets in Vietnam by 2020. Quadrupling its store network The retailer that currently operates 11 supermarkets in Vietnam, is planning to increase its investment over the next five years. The supermarket expansion was announced by Hoong Soon Chang, the ViceConsul of the Republic of Korea and Lotte Mart Vietnam director general, Hong Won Sik. Latest ...

According to an article in the Bangkok post, convenience stores in Vietnam have increased by more than 260% since 2012. Expansion for Local and international operator In Vietnam, approximately 533 convenience stores are currently operating. With the rise of the middle class, the convenience market has gained traction. Customers are more willing to pay a premium for convenience and benefi...

FamilyMart reported a 2.3% increase in net sales to JPY1,259bn (US$10.5bn) in H1, with Japanese sales rising by 7.6%. During the half, FamilyMart continued to grow its store network. The retailer opened 364 stores in Japan, reaching a total of 11,450 stores by the end of H1. Major metropolitan areas and new markets such as railway stations have been targeted. FamilyMart also continued to inve...

Japanese convenience store operator Family Mart will buy 650 store convenience chain Cocostore for approximately JPY12bn (US$99.9m). Closure of unprofitable stores Cocostore is a well established local chain mainly operating in central and south western Japan. FamilyMart will buy all the shares from parent company Morita Enterprise. It plans to close unprofitable stores before converti...

According to IGD research, the Vietnamese retail market is set to grow by 8.4% a year until 2020, making it one of the fastest-growing markets in south-east Asia.  Against a backdrop of increased disposable income, rapid urbanisation and an appetite for change among younger shoppers, we take a look at five trends defining the marketplace for pan-Asian retailers right now. 1. Confident inv...

Leading Swiss retailer Migros reveals plans to sell private label products to Seiyu (Walmart Japan) and Lawson’s Seijo Ishii stores, reported the Nikkei Asian Review. Targeting JPY 2bn sales by 2020 Initially Migros will distribute 16 products with a premium focus, including ‘Swiss Delice’ cookies and iced tea. The products will be available in 400 supermarkets, under the Seijo Ishii a...

FamilyMart unveils a new ‘Fun and Fresh’ initiative to boost fresh and ready-to-eat categories. Building core competence on high growth products FamilyMart plans to roll out the new strategy in its own stores, as well as UNY Group stores following the forthcoming merger. The initiative comprises of new product development and packaging design on its ready-to-eat ranges. This will incl...

Amid a slowing economy and declining consumer confidence, the Indonesia Retailer Association is already forecasting a slowdown in sales growth during the current Ramadan period. Consumer confidence slowed again in June Indonesia recorded its slowest economic growth in five years at 4.7% in Q1 of this year. In line with this consumer confidence declined over the same period, before risin...