Seven & I eyeing China’s inland provinces

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Gabrielle Easter

BY GABRIELLE EASTER

@gab_produceplus

Seven & I eyeing China’s inland provinces

Japanese retailer is planning to triple its store numbers in inland China by 2020

Seven & I eyeing China’s inland provinces

Seven & I Holdings will open new Ito Yokado stores across Chengu, China

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Japan’s Seven & I Holdings has plans to triple the number of its Ito Yokado stores in China’s inland regions by 2020, reports Nikkei Asia.

Capitalising on the region’s growing middle-class consumers, Seven & I Holdings will open up to ten stores in China’s Sichuan Province, and launch new stores across Chengdu in coming years.

Nikkei has reported that Ito Yokado will also venture online, setting up its own company to sell imported Japanese goods via Sichuan Province’s new free trade zone.

While Ito Yokado sees opportunities to expand in Chengdu, it closed its supermarkets in Beijing last year after facing competition from local and foreign retailers.

 

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