The number of convenience stores in China is set to boom and large new entrants like Carrefour and Tesco may see their profits hit as a result of the shift, according to a new study from market research firm TNS Global.
Ministop is hoping to open at least 300 new stores in Indonesia between now and 2017, the Wall Street Journal is reporting. Ministop, a subsidiary of Japanese retailer Aeon, is looking to capitalise on the growing Indonesian market, which in the recent past has seen its citizens' incomes grow and middle class expand.
The National Association of Convenience Stores (NACS) has rejected a settlement that would have ended a long battle being fought by the convenience representative and credit card providers Master Card and Visa. NACS says it rejected the settlement because it does not provide for competition or transparency in the swipe card market.
Convenience operator Lawson has agreed a deal to install Solar Frontier modules on 2,000 Japanese stores. The company will install the solar photovoltaic (PV) modules at 1,000 sites in its current financial year, with 1,000 to come in the following year.
7-Eleven is at the mid-point of converting the Wilson Farms stores it bought last year to its own brand, but has allowed the New York chain to keep its grocery-based focus in order to maintain a familiar feel, it said. In all, 7-Eleven is converting 188 stores to its own brand, but says it is important to keep hold if the stores' traditional customer base.
Alimentation Couche-Tard has said that it is considering a move for a United States-based convenience store operator, but that the purchase must be for less than 100 stores. Counche-Tard said that after the completion of the Statoil Fuel & Retail, a move for a company any larger could adversely affect its credit rating. The company's Chief Executive, Alain Bouchard (pictured), made the comments during its earnings conference call.