FamilyMart Expands In Southeast Asia

Japanese c-store chains look to other Asian countries for growth opportunities.  

FamilyMart Co., Japan’s largest convenience store operator in Southeast Asia, is set to rollout 600 new stores in Indonesia and the Philippines, Bloomberg reported.

The retailer expects to open 300 stores in each country by 2015, expanding on a network that includes more than 10,700 shops outside Japan.

The chain’s Japanese competitors, Lawson Inc. and Seven & I Holdings Co., also are looking to open more stores in faster-growing Asian countries. The International Monetary Fund forecasted  5.6% economic growth this year in Southeast Asia, double Japan’s 2.3% target, as a young populations drive consumption.

 

 

 

 

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