Japan news

10 November 2022
Seven and I Holdings, which operates 7-Eleven, is selling its department store chain Sogo & Seibu to US fund Fortress for US$1.4 bn. Struggling department stores Sogo & Seibu was acquired by Seven & I in 2006. Since 2007, the department store's network has fallen from 28 to 10. Although the department stores' revenue has surged, as sales of fashion and luxury brands rebounded. However, the ...
04 October 2022
The current cost-crisis, along with labour challenges, is leading to a new wave of automation at store level. We look at three recent innovations from Japan, Poland and the US. Replenishment: tackling Japan’s labour challenge In Japan, leading convenience store chain, FamilyMart, is partnering with Telexistence to install its AI robot, TX SCARA, in 300 stores. This has been developed ...
28 September 2022
Costco’s fourth quarter results revealed a strong finish to the year with total revenue exceeding $220 bn. We look at the factors underlying this performance and what to expect in the year ahead. Fourth quarter and full year key numbers Q4 total revenue up 15.2% to $70.8 bn, with full year revenue up 16% to $222.7 bn Comparable sales for the quarter (ex-fuel and currency impacts) up 1...
19 August 2022
While the landscape of labour shortages and rising costs varies across the region, convenience retailers are experimenting with a range of new solutions to tackle their resource challenges. Robots employed to restock at FamilyMart FamilyMart has partnered with start-up Telexistence to introduce stock-checking robots to 300 stores in Japan. The Japan Times reports that each robot can repla...
24 June 2022
Protein-alternatives is likely to expand in Asia with innovative products, new ways of distribution and production facilities. 1. Insects in vending machine by Sanpuku Holdings The vending machine which promotes the snacks as "highly nutritious meals of the future," is the first of its kind in western Japan's Shikoku region. There are nine types of insects available including fried crickets...
23 May 2022
Co-working spaces, hybrid stores with additional services, and range evolution: three ways leading Asian convenience operators are adapting to meet changing shopper needs as markets emerge from Covid-19. 1. Co-working spaces 7-Eleven in Taiwan has introduced private working spaces above one of its stores in Taoyuan, reports Focus Taiwan. Rates of NTD 100 (USD 3.4) per hour mean the 14 rooms...
13 May 2022
Retailers and suppliers are taking small steps to invest in the metaverse in Asia. Get up to speed with the developments through this article and our report here . Indonesia: Alfamart convenience investing in the metaverse Alfamart is collaborating with an AR/VR company to bring the relevant technology to the business. Alfamart and WIR Group have been working together since 2015...
08 April 2022
As Uber Eats partners with bp in a global retail partnership and quick commerce pure play Getir raises another $768m, I round up the latest developments within quick commerce. bp and Uber sign global strategic partnership bp and Uber have signed a new global strategic convenience partnership. Together they plan to make more than 3,000 retail locations available on Uber Eats by 2025. The ...
21 March 2022
Circle K, Lawson and AmPm are bringing virtual experiences to its customers. We share the key highlights and our view on some of the benefits. Our view Metaverse provide brands a platform to learn and create moments of engagement, e.g. opportunities for promotions and games within this new space. Content and conversations with consumers will be quite different from social media. Businesses ...
14 March 2022
7-Eleven is testing a new payment solution at some of its stores in Japan. Not ‘just walk out’ technology, but a virtual touch screen The payment solution still requires shoppers to individually scan their items before paying. However, there is no LCD touchscreen. This has been replaced by a system developed by Toshiba called Digi POS that creates a virtual touchscreen, which projects in fr...