JAPAN CO-OP KANAGAWA TO OPEN DISCOUNT FOOD STORE
JPCLF | Quote | Chart | News | PowerRating -- Japan co-op Kanagawa has decided
to enter the discount store business as consumers strive to
hold down spending.
The food cooperative with a chain of some 120 outlets in
Kanagawa Prefecture will open its first discount store on
Friday by completely overhauling its Sagamidai store in the
city of Sagamihara. The store will not change names but will
begin selling perishable and processed foods, beverages and
other items for 10-15 per cent less than existing stores. Sales
space for fruits and vegetables will be expanded by 70 per cent
compared with conventional stores and produce will be sold for
30 per cent less.
The store will primarily handle discount manufacturers'
products and private-brand goods, paring the total number of
items on offer by nearly 40 per cent. By restocking shelves
less frequently, the co-op aims to make workers more efficient
and cut costs. Sales of one billion yen per year are targeted,
a 60 per cent increase.
Co-op Kanagawa plans to open more discount stores in the
future, primarily by converting unprofitable locations.
(Nikkei) rw
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