Japan’s FamilyMart to expand in Thailand, Vietnam

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FamilymartJapan-based convenience-store chain FamilyMart will launch 1,000 more stores overseas, mostly in Thailand but also in Vietnam and China, the company said in a press conference in Tokyo on March 30.

“Our aim is to be No 1 in Asia. More expansion will be focused on East Asia and Southeast Asia,” managing director Massaki Kosaka told the media.

China will get 200-300 additional outlets, while Vietnam will see its stores increase from 20 to 100. Globally, the chain operated 23,262 branches as of December, including 10,000 abroad. In Southeast Asia, it is in Thailand, the Philippines, Vietnam and Indonesia.

The company is moving its fastest this year on the conviction that the region will still show economic growth and business potential. To supply human resources, FamilyMart Academy was opened in January. It will be the training centre for the right workforce for Asia.

Thailand franchisee Central Group plans to expand its operation to 3,000 units from currently 1,048 by 2018.

The Japanese company is also interested in cooperating with its Thai partner in other areas, Kosaka said. He declined to elaborate, except to say the Japanese firm was supporting the placement of Thai products at overseas branches.

Thailand and Taiwan are positioned as the production centers for goods sold in FamilyMarts throughout Southeast Asia.

In Thailand, 284 new stores were opened last year, including 74 converted from Tops Daily, and is expected to end this year with 1,348, said Nath Vongphanich, chief executive of Central FamilyMart.

And there is still more potential in the FMCG (fast-moving consumer goods) market in Thailand.

“Even though the number of convenience stores increases yearly, we believe that this business still has room to grow because only a few products and services can serve customers’ needs,” he said.

“Therefore, FamilyMart focuses on offering a complete range of products and services to ensure a fast and convenient shopping experience. To differentiate itself, FamilyMart provides not only a bill-payment service, but also a dining counter in new branches. Furthermore, the company focuses on accessing more customers by opening 300 branches in 2014.”

This year, sales are targeted to grow by 30 per cent to $515 million.

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Reading Time: 2 minutes

Japan-based convenience-store chain FamilyMart will launch 1,000 more stores overseas, mostly in Thailand but also in Vietnam and China, the company said in a press conference in Tokyo on March 30.

Reading Time: 2 minutes

FamilymartJapan-based convenience-store chain FamilyMart will launch 1,000 more stores overseas, mostly in Thailand but also in Vietnam and China, the company said in a press conference in Tokyo on March 30.

“Our aim is to be No 1 in Asia. More expansion will be focused on East Asia and Southeast Asia,” managing director Massaki Kosaka told the media.

China will get 200-300 additional outlets, while Vietnam will see its stores increase from 20 to 100. Globally, the chain operated 23,262 branches as of December, including 10,000 abroad. In Southeast Asia, it is in Thailand, the Philippines, Vietnam and Indonesia.

The company is moving its fastest this year on the conviction that the region will still show economic growth and business potential. To supply human resources, FamilyMart Academy was opened in January. It will be the training centre for the right workforce for Asia.

Thailand franchisee Central Group plans to expand its operation to 3,000 units from currently 1,048 by 2018.

The Japanese company is also interested in cooperating with its Thai partner in other areas, Kosaka said. He declined to elaborate, except to say the Japanese firm was supporting the placement of Thai products at overseas branches.

Thailand and Taiwan are positioned as the production centers for goods sold in FamilyMarts throughout Southeast Asia.

In Thailand, 284 new stores were opened last year, including 74 converted from Tops Daily, and is expected to end this year with 1,348, said Nath Vongphanich, chief executive of Central FamilyMart.

And there is still more potential in the FMCG (fast-moving consumer goods) market in Thailand.

“Even though the number of convenience stores increases yearly, we believe that this business still has room to grow because only a few products and services can serve customers’ needs,” he said.

“Therefore, FamilyMart focuses on offering a complete range of products and services to ensure a fast and convenient shopping experience. To differentiate itself, FamilyMart provides not only a bill-payment service, but also a dining counter in new branches. Furthermore, the company focuses on accessing more customers by opening 300 branches in 2014.”

This year, sales are targeted to grow by 30 per cent to $515 million.

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