Date
23 November 2017

Lawson scales back expansion plans in China, FT says

Lawson Inc., a Japanese convenience store chain operator, has decided to push back its plan to open 10,000 stores in China by 2020 to about 2025, the Financial Times reported Sunday, citing remarks by chief executive Takeshi Niinami in an interview. Niinami said the Chinese government has not done enough to spur consumption in the world’s second largest economy. For now, the company would focus on four big cities – Shanghai, Chongqing, Dalian and Beijing, where it already has fully owned stores – but eventually would look to open stores with local partners in three or four third-tier cities, Niinami was quoted as saying. Lawson currently has 384 stores in the country, the report said.

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CG

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