It can feel like there is a convenience store on every street corner in Japan, but according to the head of number two operator Lawson there is still massive potential for growth.
“The first question from foreign investors is always: ‘When is the saturation point? You guys are opening up like crazy’,” says Genichi Tamatsuka in an interview with the Financial Times. “‘Not yet,’ I tell them.”
Mr Tamatsuka’s comments are a reminder that despite Japan’s difficult demographics there are still opportunities in what remains an enormous retail market.
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