Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

LATEST
Trending in China: Mission Impossible? Young Environmental Hero Tries To Clean Up Tibet
Chinese Online Travel Agency Trip.com Sees Revenue Plummet As Covid-19 Fallout Lingers
Chinese Supply Chain Provider Xingyun Closes $200m in a Series C Round
Chinese EV Charging Operator Star Charge Nabs $125m Co-Led by Schneider, CICC
Trending in China: One of China’s Weirder Poverty Alleviation Programs Goes Viral with 100m Plus Views
Chinese Carmaker Geely Signs Driver-Assistance System Deal with Mobileye
Chinese Genomics Company BGI to Provide Ethiopia with Coronavirus Testing Kits Made at African Plant
Trending in China: Autumn Milk Tea – Cynical Marketing Strategy or True Friendship?
IFC Mulls $80m Loan to Chinese Pig Rearing Firm Guangxi Yangxiang
Short Video Firm Kuaishou Optimizes Its E-Commerce By Connecting Livestreamers With Quality Products
Segway Owner Set to Make History With Shanghai IPO
BMW’s Use of High-Density Batteries Raises Safety Concerns
ByteDance Applies for Chinese Tech Export License as TikTok Negotiations Continue
Trending in China: Macau Eases Travel Restrictions but Will Covid-19 Tests Kill People’s Travel Bug?
Alibaba Subsidiary Cainiao Pushes Into Malaysia With Cross-Border Delivery Service
Trending in China: School Throws Away Students’ Food Deliveries To Force Use of Canteen
Chinese Electric Carmaker Li Auto Teams Up With U.S. Chipmaker Nvidia
JD.com-Backed Recycling Operator Wanwu Xinsheng Nets Over $100m
HSBC Shares Fall to Lowest Since 2009 As Investors Fret About Financial Crimes Report
Huawei Cuts R&D Investment and Jobs in Australia Amid Tech War
Lawson Expands in China With Prefab Convenience Stores

Naoki Matsuda / Jul 31, 2020 02:47 PM / Business & Tech

Japanese convenience store operator Lawson will begin opening prefab outlets in China that will save money on construction and give rise to a more flexible expansion strategy.

The first prefab store will open Friday in Nanjing, the capital of China's eastern Jiangsu Province. About 10 prefab stores are scheduled to open across the country before the year ends.

Unlike a conventional minimart, which takes about 20 days to build, the prefabs will take a week to complete, saving 40% on construction costs. Even if a location closes, the prefab building can be reused elsewhere.

The prefab convenience stores will come in two versions: A shop that is slightly smaller than a regular 80-sq. meter minimart and a kiosk for transit stations.

Lawson partnered with Panasonic to develop the stores. Panasonic's heat-insulating materials is said to help save 20% on electricity costs. Lawson plans to use the knowledge gained from China to open prefab stores in Japan as well.

Lawson operates more than 2,700 stores in China. The coronavirus epidemic has fueled a rise in bulk shopping, which has lifted average sales per customer. On the other hand, customer volume has dropped, owing to sheltering habits and surging online shopping.

Prefab convenience stores are still a novel concept in China, however. Lawson plans to counter online retailers by opening prefabs in parks, idle corners in factories, and other areas with small retail space but substantial foot traffic.

This article was first published by Nikkei Asian Review

 


Share this article
Open WeChat and scan the QR code