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 ...

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 ...

Apr 13, 2016

Yen bruises Hong Kong retailers that sell Japanese products

Times are tough for Hong Kong retailers. And even worse for those with links to Japan. Shares of CEC International Holdings Ltd. which runs the 759 chain of stores, have tumbled 32 percent this year, compared with a 0.5 percent retreat in the MSCI ...

Apr 6, 2016

Seven-Eleven Japan President Isaka to be replaced: sources

Retail giant Seven & I Holdings Co. is expected to replace the president of its convenience store arm Seven-Eleven Japan Co. despite good performance, informed sources said. Vice President Kazuki Furuya, 66, will be named successor to President Ryuichi Isaka, 58, at a board ...

Mar 22, 2016

Supermarket sales rise for second straight month

Supermarket sales increased 3.4 percent in February from a year earlier on a same-store basis, an industry body said Tuesday. It was the second straight month of gain. Food sales rose 5.2 percent, aided by the growing popularity of prepared foods. Sales of household ...

Jan 22, 2016

Retailers wage duty-free war for tourist cash

Retailers are fighting tooth and nail to lure foreign visitors, mainly from China, as Japan set third consecutive record high for tourism in 2015. In Tokyo’s posh Ginza district, two giant, separately owned duty-free shops are slated to open by the end of March ...