FamilyMart Assesses Famima Future

TOKYO — FamilyMart Co. here said it plans to maintain Famima, its U.S. operation, at 10 stores while it assessss its expansion strategy.

TOKYO — FamilyMart Co. here said it plans to maintain Famima, its U.S. operation, at 10 stores while it assesses its expansion strategy.

The convenience store chain is weighing several options, including expanding further or pulling out of the U.S. altogether, Junji Ueda, president, told Reuters in an interview.

FamilyMart had 12 stores in the U.S. two years ago but has since closed two, and the 10 that remain — all in the Southern California area — are losing money, Ue

Register to view the full article