Convenience store chains struggled in March-May period

Jul 12, 2016

Convenience store chains struggled in March-May period

The three major convenience store operators struggled with low profitability in March to May despite record-high sales. Sales for industry leader Seven-Eleven Japan Co., a core unit of Seven & I Holdings Co., grew 5.4 percent from a year before to ¥1.1 trillion after ...

May 26, 2016

FamilyMart-Uny merger plan approved by shareholders

The planned merger of FamilyMart Co. and Uny Group Holdings Co. was approved by their shareholders Thursday, setting the stage for the creation of one of the nation’s largest convenience store operators in September. Following the approval at their respective shareholders’ meetings held in ...

Japan an alluring target for Standard Bank ATM thieves

May 25, 2016

Japan an alluring target for Standard Bank ATM thieves

Criminals who stole millions of dollars from automatic teller machines across Japan in a three-hour spree probably chose the country because banks consider it a low fraud risk, security experts say. The gang used counterfeit Standard Bank credit cards to withdraw ¥1.4 billion in ...

Apr 19, 2016

Seven & I promotes subsidiary head Isaka as president

Seven & I Holdings Co. said Tuesday it will promote Ryuichi Isaka, head of its convenience store chain subsidiary Seven-Eleven Japan Co., to the position of president following a recent power struggle. The promotion comes days after the conglomerate’s 83-year-old chief executive officer, Toshifumi ...

FamilyMart stores may offer day care, karaoke after merger with Uny

Apr 13, 2016

FamilyMart stores may offer day care, karaoke after merger with Uny

Convenience store operator FamilyMart Co. aims to catch up with industry leader Seven-Eleven Japan Co. by developing unique products and services such as day care nurseries and karaoke parlors, Chairman Junji Ueda said in a recent interview. “We’ll concentrate on creating unique products and ...