Lawson today (8 October) posted an increase in operating profit on the back of a 40% jump in revenues during the first six months of the year.
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The Japanese convenience retailer said that first-half revenues increased to JPY227bn (US$2.6bn) despite what president and CEO Takeshi Niiami described as a “difficult” operating environment.
Takeshi said that Lawson has focused on improving gross profit margins and implementing “structural reforms”, such as improved procurement, distribution and order accuracy and cost cutting at its HQ.
The company booked a 3.6% rise in operating profit, which increased to JPY30.1bn.
Reafirming the company’s full-year outlook, Takeshi said that the company also remained committed to investing in the long-term development of the business.
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By GlobalData“While our aim in the short term is to meet our profit plan, we will continue to make key investments for ensuring sustained growth over the medium and long terms. We will invest to help franchise owners and in the development of our fresh food convenience store formats, for example,” he said.
