Japanese convenience retailer Lawson today (4 July) posted a dip in first-quarter profits due to rising competition and sluggish economic conditions in parts of the country.
Go deeper with GlobalData
Lawson, which operates over 5,100 stores in Japan, saw operating profit reach JPY10.7bn (US$87.4m) for the three months to 31 May, down 0.2% on the year.
Revenues, however, were up 6.7% to JPY73.6bn and Lawson, Japan’s second-largest convenience operator, has kept its full-year forecasts.
Lawson said it had reacted to stiff competition in the sector by opening more Natural Lawson, stores stocking “health-oriented” products. The company now operates 107 Natural Lawson stores up from 59 outlets a year earlier.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
