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 per cent year-on-year to US$652.3M. FamilyMart Taiwan reported net earnings of $60.56M 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 3,606 locations nationwide and more than 1,200 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 normalise in July.
