FamilyMart joins 10,000 outlets in Japan club

October 17, 2013 Leave a comment

FamilyMart joins 10,000 outlets in Japan club

JIJI

OCT 16, 2013

Major Japanese convenience store chain FamilyMart Co. now has more than 10,000 domestic outlets. FamilyMart is the third convenience store chain in Japan to reach the 10,000-store mark, following Japan’s largest convenience store chain, Seven-Eleven Japan Co., and the second-largest, Lawson Inc. FamilyMart opened its first store in 1973 in Sayama, Saitama Prefecture. “This achievement is just a passing point,” FamilyMart President Isamu Nakayama said at a ceremony held Tuesday at the 10,000th store, which opened in Nakano Ward, Tokyo. He said that as the FamilyMart name suggests, he hopes the chain will become popular with all people, including the elderly and women. Convenience stores in Japan exceeded 50,000 in 2012. The market is said to be saturated, but Seven-Eleven and FamilyMart each plan to open 1,500 new stores in the current business year. Major convenience store chains are trying to attract customers from other business categories amid intensifying competition. They have recently started focusing on the elderly and working women, with more frozen and prepared meals on offer.

Filed under Macro Trends

Unknown's avatarAbout bambooinnovator
Kee Koon Boon (“KB”) is the co-founder and director of HERO Investment Management which provides specialized fund management and investment advisory services to the ARCHEA Asia HERO Innovators Fund (www.heroinnovator.com), the only Asian SMID-cap tech-focused fund in the industry. KB is an internationally featured investor rooted in the principles of value investing for over a decade as a fund manager and analyst in the Asian capital markets who started his career at a boutique hedge fund in Singapore where he was with the firm since 2002 and was also part of the core investment committee in significantly outperforming the index in the 10-year-plus-old flagship Asian fund. He was also the portfolio manager for Asia-Pacific equities at Korea’s largest mutual fund company. Prior to setting up the H.E.R.O. Innovators Fund, KB was the Chief Investment Officer & CEO of a Singapore Registered Fund Management Company (RFMC) where he is responsible for listed Asian equity investments. KB had taught accounting at the Singapore Management University (SMU) as a faculty member and also pioneered the 15-week course on Accounting Fraud in Asia as an official module at SMU. KB remains grateful and honored to be invited by Singapore’s financial regulator Monetary Authority of Singapore (MAS) to present to their top management team about implementing a world’s first fact-based forward-looking fraud detection framework to bring about benefits for the capital markets in Singapore and for the public and investment community. KB also served the community in sharing his insights in writing articles about value investing and corporate governance in the media that include Business Times, Straits Times, Jakarta Post, Manual of Ideas, Investopedia, TedXWallStreet. He had also presented in top investment, banking and finance conferences in America, Italy, Sydney, Cape Town, HK, China. He has trained CEOs, entrepreneurs, CFOs, management executives in business strategy & business model innovation in Singapore, HK and China.

Leave a comment