Major Japanese store FamilyMart Uny Holdings Co. will convert about half of its Uny superstores into cut price retail outlets operated by means of its industry spouse Don Quijote Holdings Co., FamilyMart Uny President Koji Takayanagi stated in a contemporary interview with Jiji Press.
With the transfer, FamilyMart Uny goals to draw in extra shoppers, using expertise from Don Quijote outlets, that are in style amongst younger folks and guests to Japan, Takayanagi stated.
The corporate plans to trade six Uny outlets into Don Quijote retail outlets as early as February, and up to 20 shops consistent with yr due to this fact.
Takayanagi stated now not all however about half of the prevailing 200 Uny shops around the country would sooner or later be converted. “Some stores would better remain Uny outlets,” he identified.
Sales at shops remodeled into Don Quijote outlets are anticipated to double or so, he added.
Meanwhile, Takayanagi published that FamilyMart Uny is “re-evaluating the feasibility” of proceeding operations of its 3 Uny shops in Hong Kong.
“We’re considering all options, including selling (the outlets),” he stated, suggesting the chance that his corporate will completely retreat from in a foreign country operations to focal point at the home turnaround. FamilyMart Uny will decide at the subject by means of June, Takayanagi stated.
On monetary operations, Takayanagi indicated no aim to search a banking license.
Whether to increase its personal praise card program and digital cash or cooperate with different corporations “will be decided next year,” the president stated.
FamilyMart Uny is having a look at a variety of chances, together with leaving a Culture Convenience Club Co. unit’s T-Point loyalty machine lately utilized in FamilyMart comfort shops, Takayanagi stated.
In addition, Takayanagi confirmed eagerness to toughen cooperation with best shareholder Itochu Corp., a significant Japanese buying and selling space, on comfort retailer operations in China.
He goals to “more than double” the quantity of FamilyMart shops in China from the present over 2,000, Takayanagi stated.