Japan news

16 August 2019
FamilyMart UNY Holdings is planning increase its stake in Pan Pacific International Holdings (PPIH) Corporation. Not the first acquisition attempt… Earlier this year, FamilyMart UNY failed to secure enough shares to make PPIH’s Don Quijote an affiliate. It is unclear how the potential deal might impact Don Quijote should it go ahead.  FamilyMart UNY Holdings currently owns a total of 7,72...
16 August 2019
Matsumoto KiYoshi is reportedly in talks with Kanagawa-based Cocokara Fine on an acquisition deal. Merger would create Japan’s largest drugstore chain Should the deal go ahead, the merger would create a drugstore chain significantly larger than close and current market leader Welcia Holdings operated by Aeon. Drugstores like Matsumoto KiYoshi selling food, soft drinks and liquor has alre...
14 August 2019
7-Eleven in Japan will discontinue its 7pay cashless payment service next month. Rebuilding trust essential A security breach of the payment service after the launch on July 1 exposed user data. The retailer has decided to discontinue the service at the end of September. Following this incident, we expect new initiatives, particularly those that use technology, to be rolled-out more cautiou...
13 August 2019
Rakuten has published its results for the six months ending June 30, with Group revenue up 14.5% to JPY586,644m (US$5.6bn) year-on-year. Internet Services revenue up 16.1% Revenue from Internet Services, Rakuten’s core business including ecommerce and travel booking services, increased 16.1% to JPY359,156m (US$3.4bn) yoy. Segment profit increased by 94.3% to JPY108,867m (US$1bn) yoy. Ini...
09 August 2019
Japanese railway firm JR East is set to open its first unstaffed, cashless NewDays convenience store at its Musashisakai Station in Tokyo, Japan. How will it work? There will be self-checkout counters for shoppers to scan product barcodes. Cash payments and age-restricted products will not be available. Like other unstaffed stores around the world, products at the NewDays store will be rest...
22 July 2019
Philippine Seven Corp (PSC), the exclusive local licensee of 7-Eleven convenient stores, plans to open 300 new stores in 2019. Will hit 3,000 stores by end of 2019 The retailer continues to expand its franchise operations. The 300 new store openings will bring the total store count to 3,000 by end of 2019, on track with its plan announced in 2018 . A third of these 300 stores will be i...
11 July 2019
Seven-Eleven Japan has opened 14 stores in Okinawa today (11 July 2019), the only Japanese prefecture where the retailer's presence is missing. Increasing competition in Okinawa… The 14 new stores that have opened today are mainly concentrated in the southern part of the prefecture's main Okinawa Island, where a large proportion of residents are based. Seven-Eleven Japan plans to open as...
11 July 2019
Japan's four largest retailers, Seven & i Holdings, Aeon, FamilyMart and Lawson, have posted their results for the first quarter. Seven & i Holdings: total sales up 1.5% Seven & i recorded a 1.5% increase in total group sales to JPY2,894.8bn (US$26.6bn), with operating profit rising 4.6% to JPY90.3bn (US$832.6m) year-on-year (yoy) for the three months ending 31 May.  Domestic convenience...
01 July 2019
Japan’s second largest convenience chain, FamilyMart, has launched its own smartphone payment system today (July 1). Convenience for shoppers The app, FamiPay, allows customers to conveniently pay for goods via their smartphones. It will eventually integrate FamiPort services, e.g. pay parking fees, bills and tickets via the app. To encourage usage, the retailer will rebate (for the firs...
01 July 2019
Seven-Eleven Japan has launched its own smartphone payment service today (July 1). Convenience for shoppers The new 7pay service allows users to make payments by presenting barcodes displayed on their smartphones at cashier counters. It will offer shoppers greater convenience, while allow 7-Eleven to collect data for product development. Strengthening its digital proposition For its d...