Uny to pull out of China
Uny will sell off its interests in China, as consolidation of the retailer’s business continues post-merger with Familymart.
Pan Pacific International Holdings (PPI), owner of Don Quijote and Uny, reported record interim sales of JPY 1.21 trillion and double‑digit growth in net profit at its latest results announcements. Yet operating profits in the core discount format disappointed, squeezed by higher taxes even as inbound duty‑free sales surged. Management’s answer is experimentation, trialling a…
Sugi Holdings and Trial Holdings announced a comprehensive partnership where Sugi pharmacies will open outlets in Trial Group’s stores, enhancing convenience for customers. Additionally, Trial will receive health and beauty products from Sugi, while sharing expertise in product assortment and shelf management. This collaboration aims to create specialised Trial stores and introduce efficient store operations…
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FamilyMart is betting that data, not sandwiches, will drive its next wave of growth. Its “FM²” strategy fuses a saturated store network with “FamilyMedia Vision” (FMV), a data-rich layer built on 30 million registered FamiPay users and 55 million registered Life-Live IDs, covering well over half of Japan’s adults. By mining this daily purchasing data,…
FamilyMart is recasting itself as a data-rich media network, not just a convenience store chain. FamilyMart now has access to purchase data from 23 million daily shoppers, plus a further 30 million IDs from its data partners. It aims to almost triple digital advertising revenues to JPY 40 billion by FY2030, leveraging its FamiPay app and in-store…
METI estimates that cross-border e-commerce sales from Japan to China will hit ¥2 trillion by 2019, up from ¥795 billion in 2015 – a figure that jumped by a third from the year before. Multiple companies, notably apparel retailers and brands, are now setting up online stores in Chinese, with some targeting online sales before…