Taiwan FamilyMart Co (全家便利商店) said it plans to offer indoor dining spaces in 67 percent of its stores by the end of this year, with a total seating capacity of about 40,000.
The expansion is expected to help raise revenue from fresh food items to 20 percent of total sales for the year, compared with the firm’s 17 percent seen last year, FamilyMart said.
The nation’s second-largest convenience store operator, with 2,915 outlets, is eyeing the strong potential in the dining out market, especially at lunchtime, and has accordingly paid more attention to food that is suitable for these customers.
“Sales of products for this market have shown 20 to 30 percent year-on-year growth over the past few years, becoming a steady driver for our fresh food business,” FamilyMart’s fast-food department manager Jenny Lin (林純如) told a media briefing on Monday.
Sales in the fresh food sector rose more than 25 percent year-on-year in the first six months of this year, Lin said.
Overall, the company posted NT$27.31 billion (US$909.21 million) in consolidated sales in the first half of the year, up 5 percent from the same period last year, company data show.
SUMMER VACATION
FamilyMart yesterday launched sales of various curry rice products at a time when young customers’ demand for readymade meals is increasing during the summer vacation.
Based on statistics offered by the Ministry of Economic Affairs, the production value of the nation’s dining out market totaled NT$500 billion last year, up from the NT$436.6 billion posted in 2012.
President Chain Store Corp (PCSC, 統一超商) — operator of the nation’s largest convenience store chain, 7-Eleven — also plans to expand its fresh food business by raising sales of chilled farm produce.
PCSC, which operates more than 5,000 7-Eleven stores in Taiwan, has a special section for sales of chilled farm produce at about 20 percent of its stores, where customers can buy vegetables, fruit and meat.
The company posted NT$101.44 billion in consolidated revenue in the first half of the year, up 3.59 percent from a year earlier, with sales of fresh food accounting for 25 percent of the total, the company said.
TECH RACE: The Chinese firm showed off its new Mate XT hours after the latest iPhone launch, but its price tag and limited supply could be drawbacks China’s Huawei Technologies Co (華為) yesterday unveiled the world’s first tri-foldable phone, as it seeks to expand its lead in the world’s biggest smartphone market and steal the spotlight from Apple Inc hours after it debuted a new iPhone. The Chinese tech giant showed off its new Mate XT, which users can fold three ways like an accordion screen door, during a launch ceremony in Shenzhen. The Mate XT comes in red and black and has a 10.2-inch display screen. At 3.6mm thick, it is the world’s slimmest foldable smartphone, Huawei said. The company’s Web site showed that it has garnered more than
CROSS-STRAIT TENSIONS: The US company could switch orders from TSMC to alternative suppliers, but that would lower chip quality, CEO Jensen Huang said Nvidia Corp CEO Jensen Huang (黃仁勳), whose products have become the hottest commodity in the technology world, on Wednesday said that the scramble for a limited amount of supply has frustrated some customers and raised tensions. “The demand on it is so great, and everyone wants to be first and everyone wants to be most,” he told the audience at a Goldman Sachs Group Inc technology conference in San Francisco. “We probably have more emotional customers today. Deservedly so. It’s tense. We’re trying to do the best we can.” Huang’s company is experiencing strong demand for its latest generation of chips, called
ISSUES: Gogoro has been struggling with ballooning losses and was recently embroiled in alleged subsidy fraud, using Chinese-made components instead of locally made parts Gogoro Inc (睿能創意), the nation’s biggest electric scooter maker, yesterday said that its chairman and CEO Horace Luke (陸學森) has resigned amid chronic losses and probes into the company’s alleged involvement in subsidy fraud. The board of directors nominated Reuntex Group (潤泰集團) general counsel Tamon Tseng (曾夢達) as the company’s new chairman, Gogoro said in a statement. Ruentex is Gogoro’s biggest stakeholder. Gogoro Taiwan general manager Henry Chiang (姜家煒) is to serve as acting CEO during the interim period, the statement said. Luke’s departure came as a bombshell yesterday. As a company founder, he has played a key role in pushing for the
Vanguard International Semiconductor Corp (世界先進) and Episil Technologies Inc (漢磊) yesterday announced plans to jointly build an 8-inch fab to produce silicon carbide (SiC) chips through an equity acquisition deal. SiC chips offer higher efficiency and lower energy loss than pure silicon chips, and they are able to operate at higher temperatures. They have become crucial to the development of electric vehicles, artificial intelligence data centers, green energy storage and industrial devices. Vanguard, a contract chipmaker focused on making power management chips and driver ICs for displays, is to acquire a 13 percent stake in Episil for NT$2.48 billion (US$77.1 million).