FamilyMart news

FamilyMart is the second largest convenience store chain in Taiwan, with over 3,100 stores nationwide. The use of mobile payments in China, accelerated by Alipay, is widely available in retail and we have seen an increasing number of cashless stores. In Taiwan, however, the introduction of mobile payment services has been much slower. We review FamilyMart's mobile payment services, recent develop...

Phoenix Petroleum Philippines Inc has signed an agreement to acquire the entire share holdings of FamilyMart Philippines. The deal is now subject for approval by the Philippines Competition Commission. Simplifying ownership structure Earlier this month, FamilyMart Philippines' current owners, SSI Group Inc., Ayala Land Inc., Japan FamilyMart and Itochu Corporation listed the company for auc...

FamilyMart UNY has published its financial results for the first half of fiscal 2017, posting a 199.5% increase in operating revenues to JPY633.6bn (US$5.6bn), with its operating income increasing by 66.3% to JPY33.4bn (US$298mn) due to the consolidation of the two companies. One year on... It has been just over a year since FamilyMart merged with UNY, and we have seen significant progress ...

Convenience outlet, FamilyMart Philippines, a joint venture between SSI Group Inc., Ayala Land Inc., Japan FamilyMart and Itochu Corporation is reportedly up for sale. Reconsidering expansion strategy FamilyMart opened its first store in the Philippines in 2013 and quickly expanded its presence across the country. Now, it is reviewing its operations to grow its business further. Despite the...

Almost one year on since the merger of FamilyMart and UNY, FamilyMart UNY has announced a new alliance, transferring 40% stake of their Uny banner in Japan to strong discount and general merchandise retailer Don Quijote. Exploiting Don Quijote's expertise in GM FamilyMart UNY's new agreement with Don Quijote is expected to be completed by November this year. This will see some UNY stores co...

FamilyMart will review their operations in Thailand, Vietnam and Indonesia in search of profitability in these markets. Strong at home... FamilyMart are well accustomed to strategic acquisitions and partnerships. The merger of FamilyMart and UNY last September is a prime example of the retailer expanding their presence domestically to compete with the other major operators. At home, the ret...

Five major convenience store operators in Japan will introduce self-checkout counters that can scan all items in a basket, instead of one by one. It is estimated that an investment of up to JPY100 bn (US$918.8m) will be needed for the implementation of the technology in 50,000 stores. Technology driving shopper efficiency Seven & I Holdings, East Japan Railway, Lawson, Ministop and FamilyMa...

FamilyMart UNY has published their annual results,  posting a 109.3% increase in operating revenues to JPY894bn (US$8.1bn) in FY2016, with its operating income increasing by 15.0% to JPY56bn (US$510m) due to the consolidation of the two companies. Revisiting their existing stores The results are the first time that the company has published financial information following the merger of Fami...

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...