FamilyMart Taiwan plans rolling out 200 new stores
In this article (5)
Familymart Taiwan is aiming to open 220–230 new stores in the territory this year, as the Japanese convenience-store chain franchise, emerges unaffected by the coronavirus turmoil.
The firm’s takings in this year’s first financial quarter are anticipated to rise 8.4 percent year -on year to NT$19.71 billion (US$652.3 million). FamilyMart Taiwan reported net earnings of NT$1.83 billion ($60.56 million) last year.
The franchise has suffered minimal fallout from the coronavirus pandemic, with only a low percentage of its earnings derived from operations in Mainland China.
The firm is the second-largest convenience-store chain in Taiwan, operating 3606 locations nationwide and more than 1200 stores in nine cities on the mainland. The number of closed stores in China dropped from 600 to 100 last month as the Covid-19 pandemic eased. The firm expects operations in China to normalize in July.
Questions & Answers
Q.How many new stores does FamilyMart Taiwan plan to open this year?
How many new stores does FamilyMart Taiwan plan to open this year?
FamilyMart Taiwan is planning to open between 220 and 230 new stores within the territory this year. This expansion comes as the convenience-store chain emerges largely unaffected by recent global events.
Q.What are FamilyMart Taiwan's anticipated takings for the first financial quarter?
What are FamilyMart Taiwan's anticipated takings for the first financial quarter?
The firm's takings for the first financial quarter are expected to reach NT$19.71 billion (US$652.3 million). This represents an anticipated year-on-year increase of 8.4 percent for the period.
Q.How many locations does FamilyMart operate in Taiwan and Mainland China?
How many locations does FamilyMart operate in Taiwan and Mainland China?
FamilyMart operates 3606 locations nationwide in Taiwan, making it the second-largest convenience-store chain there. Also, the franchise has more than 1200 stores located across nine cities on the mainland.
Q.What impact did the pandemic have on FamilyMart's operations in China?
What impact did the pandemic have on FamilyMart's operations in China?
The number of closed stores in China dropped from 600 to 100 last month as the pandemic eased. The firm expects its operations in China to return to normal by July.
Reader pulse
Is this aggressive expansion a smart move?
23,193 votes so far