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Japan's Lawson to increase 100-yen stores - report
October 2, 2008 / 9:16 PM / 9 years ago

Japan's Lawson to increase 100-yen stores - report

NEW YORK, Oct 2 (Reuters) - Lawson Inc (2651.T) plans to increase the number of Lawson Store 100 stores, which sell items for 100 yen, by 30 percent to 1,200 by the end of fiscal 2010, according to Nikkei Business News.

A report on Nikkei’s website said Lawson would merge subsidiaries Value Lawson Inc, which operates the stores, and Ninety-Nine Plus Inc, which runs a chain called Shop 99, in March 2009, and all the locations would change to the Lawson Store 100 format next September.

At the same time, Lawson will open more than 100 new locations a year in fiscal 2009 and 2010, mainly in Tokyo, Osaka and Nagoya areas, the report said. (Editing by Richard Chang)

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