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 JAPAN
FRANCHISE NEWS ARCHIVE
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: : 2003
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McDonald's founder's exit doubles loss. The
Japanese unit of U.S. fast-food chain McDonald's expects its loss
for this fiscal year to double because of a special loss it will book
for costs related to cutting ties with a longtime management consultant.
.... [more]
20/12/03
Starbucks Japan profit sinks 58%Starbucks Coffee Japan
Ltd. said Thursday its profit for the first half of fiscal 2003 plummeted
58 percent to 93 million yen due to costs associated with closing
unprofitable stores. .... [more]
18/11/03
McDonald's gets new vice president. McDonald's Holdings
Co. (Japan) said Thursday that Peter Beresford, former vice president
of the Canadian unit of McDonald's Corp. of the United States, will
become vice president of McDonald's Japan Ltd. .... [more]
7/11/03
Subway Ingredient Not GM. Yarrows Bakery is waiting
to see whether authorities in Japan will approve a GM enzyme found
in bread dough it has been exporting. .... [more]
28/10/03
McDonald's eyes job cuts through retirement plan. McDonald's
Co. (Japan) will launch an early retirement program next month to
cut 130 of the 880 jobs at its headquarters, its holding firm said
Wednesday. .... [more]
25/9/03
Convenience store sales fall 3.4% Sales at convenience
stores around the nation fell 3.4 percent on a same-store basis in
August from a year earlier for the sixth straight monthly slide, the
Japan Franchise Association said Monday. .... [more]
23/9/03
Starbucks looks to hot food for Japan sales boost. Starbucks
Coffee Japan will offer hot food items at its outlets next month in
an attempt to woo back customers, the company said Thursday. ....
[more]
19/9/03
Convenience stores add new function: sports book. Convenience
stores across the country will begin selling soccer lottery tickets
Wednesday. .... [more]
19/8/03
McDonald's cuts annual forecast. Struggling restaurant
chain McDonald's Holdings Co. (Japan) on Friday cut its full-year
earnings forecast by about 50 percent due to weak sales during the
first half of the year. .... [more]
9/8/03
Japanese food outlets ready to invade South Korea. Upstart
Japanese restaurant chains are moving into the fast growing South
Korean market, banking on the increasing popularity of Japanese culture
among the country's youth. .... [more]
27/7/03
McDonald's Japan buys Thai chicken. McDonald's restaurants
in Japan have been forced to switch to purchasing Thai chicken from
their traditional source in China due to the outbreak of bird-flu
in the Communist country. .... [more]
26/6/03
Ice cream companies turning to high-end treats. Facing
a steady decline in sales of traditional ice cream, domestic frozen
treat makers are turning their eyes to the upscale market - a growing
sector so far dominated by Haagen-Dazs. .... [more]
17/6/03
McDonald's plots burger price hike. McDonald's Holdings
Co. (Japan) Ltd. has said it will raise the price of hamburgers back
to 80 yen, effective July 1. .... [more]
11/6/03
Duskin employees rocked by new corporate scandal. Employees
of the scandal-tainted Duskin Co. were shocked Tuesday by the emergence
of allegations of financial irregularities by former top executives,
including former Chairman Koji Chiba. .... [more]
4/6/03
Japan's Ministop boosts Korean stake. Listed Japanese
convenience store operator Ministop Co. said it had agreed to take
control of South Korea Daesang Distribution and Service Co. as part
of a strategy of doubling its stake in the fast-growing Korean retail
sector. .... [more]
21/5/03
Struggling McDonald's Japan Picks New CEO. McDonald's
Japan picked Pat Donahue, an American who headed the fast-food chain's
Canadian business, as chief executive and chairman Friday to reverse
sinking sales. .... [more]
9/5/03
Convenience store sales drop 3.1%. Convenience store
sales dropped 3.1 percent in March on a same-store, year-on-year basis,
the Japan Franchise Association said Monday. .... [more]
22/4/03
McDonald's pins hopes on healthy new menu. In an attempt
to lure customers back to its 3,900 outlets, McDonald's Co. (Japan)
Ltd. on Tuesday unveiled menu additions it hopes will project a fresh
and healthy image. .... [more]
16/4/03
FamilyMart net profit up 50% on strategic store openings.
Convenience store chain FamilyMart Co. said Tuesday its group net
profit for the year through February jumped 50.7 percent from the
year before to 12.88 billion yen on strong sales and reduced extraordinary
losses. .... [more]
16/4/03
Lawson's profit plunges 45% on outlet closures. Lawson
Inc., Japan's No. 2 convenience store chain, said Tuesday its group
net profit for the year through February plunged 45 percent to 8.86
billion yen due to closures of unprofitable stores. .... [more]
16/4/03
Seven-Eleven earnings up 23rd straight year. Convenience
store chain Seven-Eleven Japan Co. said Thursday it racked up its
23rd consecutive year of record earnings in the year through Feb.
28, thanks to aggressive store openings. .... [more]
11/4/03
McDonald's counting on new products to regain profitability.
McDonald's Holdings Co (Japan) will launch a lineup of new products
priced higher than existing products in late April to revive its profitability
hit by deflationary pressure, its president said Monday. .... [more]
1/4/03
McDonald's Holdings flips top manager posts. McDonald's
Holdings Co. (Japan) said Friday that managers from its U.S. parent
now hold two of the top three positions on its board, signaling a
shift in the power dynamics at the country's largest fast food chain.
.... [more]
29/3/03
Toys 'R' Us-Japan logs 1.2% decline in profit. Toys
"R" Us-Japan Ltd. said Wednesday its net profit for the year through
Jan. 31 dropped 1.2 percent to 4.09 billion yen on weak same-store
sales. .... [more]
20/3/03
Hamburger chains trying new ways to lure back customers.
Hamburger chains are shifting away from low-price strategies after
cheap burgers failed to lure back customers following the outbreak
of mad cow disease 1 1/2 years ago. .... [more]
18/3/03
Fast Retailing to close 16 stores in Britain. Fast Retailing
Co, a leading casual-clothing retailer known for its Uniqlo brand,
said Friday it will close a total of 16 stores in Britain by around
August to concentrate its management resources on five stores in and
around London. .... [more]
8/3/03
McDonald's Japan chief Fujita decides to resign. Den
Fujita, founder of the McDonald's chain in Japan, is stepping down
as chairman and chief executive officer after the company suffered
its first loss in almost three decades, McDonald's Holdings Co. (Japan)
said Wednesday. .... [more]
6/3/03
Convenience store sales fall again. Sales at convenience
stores fell 1.5 percent on a same-store basis in January from a year
earlier, marking the 19th consecutive monthly decline, the Japan Franchise
Association said Thursday. .... [more]
21/2/03
Japanese unit of McDonald's logs huge loss. McDonald's
Holdings Co. (Japan) Ltd. said Friday it posted a group net loss of
2.34 billion yen for the business year through December, sinking into
the red for the first time in nearly three decades under the heavy
cost of store closures. .... [more]
15/2/03
Burgers to stay cheap but cheese will cost you. McDonald's
Holdings Co. (Japan) will end its discount campaign on cheeseburgers
and "frankburger" hotdogs at most of its fast food outlets next week,
company officials said Tuesday. .... [more]
5/2/03
The colonel hit hard by downturn. Hit by tighter consumer
purse strings, Kentucky Fried Chicken Japan Ltd. announced Thursday
that its consolidated net profit dropped 15.2 percent to 1.38 billion
yen in the business year that ended in November. .... [more]
24/1/03
Convenience store chains to expand in Japan. Convenience-store
giants 7-Eleven Japan Co, Lawson Inc and FamilyMart Co are expected
to raise their number of outlets by a net total of about 1,400. ....
[more]
23/1/03
Sales fall again at convenience stores. Sales at convenience
stores in Japan fell 1 percent on a same-store basis in December from
a year earlier for the 18th consecutive monthly decline, the Japan
Franchise Association said Monday. .... [more]
21/1/03
RELATED - Businessman to head state body for small firms.
Businessman Koichi Minaguchi will head the Japan Finance Corp. for
Small Business, the government said Tuesday. .... [more]
8/1/03
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