Retail in Asia

In Shops

FamilyMart to expand faster this year at home and abroad

The Japanese convenience store chain FamilyMart has announced plans to expand at a faster pace this year at home and abroad, with Thailand serving as a regional hub and key growth engine.

The company will spend at least JPY90 billion (USD870.9 million) to add and improve stores in Thailand, Japan, South Korea, Taiwan, China, the Philippines, Vietnam, Indonesia and the US.

Masaaki Kosaka, managing director of FamilyMart Co, said the goal is to open 1,500 new stores in Japan this year. That figure, a 16 percent rise from 2013, will bring the total to 11,745 stores in Japan by year-end.