JAPAN: Lawson plans 100 "next-gen" c-stores
Japanese convenience retailer Lawson Inc plans to roll out its new "next-gen" Lawson Mart c-store to more than 100 locations in its new financial year.
Lawson opened its Lawson Mart in February, describing the outlet as a "convenience store tailored more closely to each locality".
In a presentation to investors outlining its 2013/14 financial results and strategic plans, Lawson said it "plans to open" 100 of the outlets in the 12 months to 28 February next year.
The retailer said it aims to convert half of its 1,200 Lawson Store100 outlets to the format in the next three years.
In a slide during the presentation, the company described the Lawson Mart as providing the "convenience of a convenience store and merchandise assortment of a supermarket".
Lawson saw its net profit reach JPY37.9bn last year, up from JPY33.1bn a year earlier. Operaing profit was up 2.8% at JPY68.1bn but fell short of Lawson's forecasts.
Net sales hit JPY1.95trn, compared to JPY1.91trn in the previous year but was lower than the company's estimates.
For the new financial year, Lawson forecast a 2.5% rise in net profit to JPY38.9bn. It has estimated operating profit will grow 10.1% to JPY75bn.
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