Key trends and developments
Small Store Formats Witness Fast Growth
the ability of convenience store to address the varying needs of different consumer segment is viewed as attracting retail brands to venture into that format.
Established players, 7-11 and Ministop, was joined by the Japanese brand, Family Mart,in 2013.
As of June 2014, Family Mart had 46 stores and was aiming to open 110 more outlets within the year.For 2015, 150-175 outlets are set to be rolled out. Puregold Price club, meanwhile, partnered with Lawson to bring the Japanese convenience store brand into the country. Its first outlet was set to be opened in 2014 and the company plans to expand that number to 500 by 2020.
Robinsons Retail Holdings, which operates more than 400 Ministop outlets, aim to open 360 additional stores by 2016. It also created a new retail brand, Robinsons Easymart, characterized by a selling space of 300-800 square metres located within or outside residential areas. Its first outlet was opend in Tarlac in 2014 with 10-11 store openings planned within the year. SM Investments Crop also venture into the small store format as it opened 7 outlets of the Indonesia Brand, Alfamart, in 2014 to assess and 4 cashiers. Another new Brand is All Day owned by MBV Retail Holding of former Senator Manuel Villar. Leading Conveninence store brand, 7-1, meanwhile, is looking to add 300 stores in 2014 and upgrade 100 of its current outlets.