FamilyMart Accelerates International Push

BMI's five-year sales growth forecast of just 2.2% for the Japanese convenience retail industry explains domestic convenience major FamilyMart's decision to make 80% of its 9,000 planned store openings over the next five years in international markets - Japan does not offer retailers strong growth prospects any more. FamilyMart's strategy is in keeping with that of almost all of its compatriots. Market maturity, an ageing population, stagnant wage growth and a challenging economic outlook have sent retailers and food and beverage producers abroad in droves in search of better growth

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