Japan news

26 May 2020
FamilyMart in Japan has announced that 787 of its stores will officially implement shorter business hours beginning June 1. Adjusting trading hours due to labour shortages Of the FamilyMart stores that have adjusted trading hours, about 70% operate on a truncated schedule every day, while the remaining have only shortened business hours on Sundays. For the reasons to adjusting trading hours...
26 May 2020
We round up the latest Coronavirus (COVID-19) related news from Japan as retailers respond to changes in consumer trends and government policies. 25 May state of emergency lifted On 25 May, Japan’s Prime Minister Shinzo Abe ended the state of emergency, almost a week before originally planned (31 May). The government is now planning to to allow restaurants to stay open longer and schools...
15 May 2020
Rakuten has published its results for the three months ended March 3. Group revenue was up 18.2% to JPY331,443m (US$2.9bn) compared with the same period last year. Internet Services revenue up 12.8% Year-on-year revenue from Internet Services, Rakuten’s core business including ecommerce and travel booking services, increased 12.8% to JPY190,678m (US$1.7bn). Services such as the Internet ...
05 May 2020
Japan's four largest retailers, Seven & i Holdings, AEON, FamilyMart and Lawson, have posted their annual results for the fiscal year ending 29 February 2020. Summary and our view Performance of the big four in 2019 was varied. Lawson is showing the fastest growth, 7&i remains solid, FamilyMart is recovering and AEON saw mixed results. The Japanese convenience landscape is undergoing maj...
07 April 2020
Japan’s prime minister, Shinzo Abe, declared a month-long state of emergency on 7 April in response to the Coronavirus (COVID-19) pandemic. The government has also approved a record stimulus package worth JPY108 tn (US$990 bn) to support the economy State of emergency until 6 May Abe told a televised news conference, “We are not at a stage where rapid nationwide spread is being observed, b...
17 March 2020
Family Mart Japan has launched a premade donburi (rice bowl) that is suitable for vegans. Vegan hamburger steak rice bowls The Veggie Burg-don, which costs JPY498 (US$4.85) uses no meat, egg, honey, dairy, or any other animal products. The patty is made of soybeans and roast onion and the rice bowl also comes with sides of stewed carrots, roasted kabocha (Japanese pumpkin) and bell pepper. ...
02 March 2020
Rakuten has published its results for the fiscal year ended December 31, 2019, with Group revenue up 14.7% to JPY1,263.9bn (US$11.7bn) year-on-year (yoy). Internet Services revenue up 17.1% Revenue from Internet Services, Rakuten’s core business including ecommerce and travel booking services, increased 17.1% to JPY792.5bn (US$7.3bn) yoy. Segment profit fell by 15.8% to JPY90.7bn (US$842.6m...
02 March 2020
AEON will start charging for plastic shopping bags at all of its supermarkets from April 1. Plastic bag fees in Japan mandatory from July From April 1, about 7,300 of the AEON’s 11,000 retail outlets will start charging for plastic bags. It will charge JPY2 (2 cents) to JPY5 yen per bag. The retailer has been charging for plastic bags at some of its supermarkets since 2007.  Plastic bag ...
28 February 2020
FamilyMart Japan has formulated a 2050 Environmental Vision. It includes medium- to long-term goals for 2030 and 2050, which focuses on reducing carbon footprint to realise a more sustainable society.   Three key areas of focus FamilyMart Environmental Vision 2050 comprises targets organised under three themes: reduce greenhouse gases, plastic countermeasures and reduce food wastage.  ...
20 February 2020
FamilyMart Japan has announced that one in seven of its employees will take up an early retirement offer. Structural reforms FamilyMart said that 1,025 employees aged 40 or over at its headquarters will leave the company at the end of March - more than its target of 800. The firm has some 7,000 employees. FamilyMart says the early retirement program will enable it to cut personnel spendi...