Japanese convenience retailer FamilyMart has said that an expansion drive in Asia this year will be “key for the next decade” of the company’s development.
The company has said it plans to open an “all time record” of 1,500 stores this fiscal in a bid to create a “dominant market position” and “maximise operating efficiency”.
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Speaking after the company booked a dip in second-quarter operating profit earlier this week, president Isamu NakayamaIn said the company is expanding its sales base across Asia.
“With overseas development taking place mainly in Asia, we now have operations in eight countries and regions worldwide: Taiwan, Thailand, South Korea, China, America, Vietnam, Indonesia and the Philippines,” NakayamaIn commented.
“By making maximum use of our experience as a Japan-based convenience-store chain developer, and our expertise in store systems and infrastructure creation, we will continue to aggressively open new stores overseas, chiefly in Asia.”
He added: “Given the deep-rooted consumer tendency to the prefer neighborhood convenience store to a distant supermarket, and the growing need to cater to different customer segments, FamilyMart has designated fiscal 2013 as the key year for the next decade.”
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