SOURCE: FAMIMA Corporation

February 21, 2006 16:52 ET

Major Japanese Retailer, Famima!! Expands Into American Market: Famima to Launch 3rd of 20+ Specialty Stores, Friday, March 10th, in Santa Monica

Twenty Other Stores to Open in 2006 Including: Torrance, Pasadena, Hollywood, Glendale, Downtown L.A., Long Beach, & Manhattan Beach

TORRANCE, CA -- (MARKET WIRE) -- February 21, 2006 -- FAMIMA Corporation, a subsidiary of global Fortune 500 company FamilyMart Co., Ltd., today announced plans to launch the 3rd of twenty +, high-end specialty stores in the Los Angles area in 2006, as part of its major American roll-out. On Friday, March 10th, the major Japanese retailer will hold the Grand Opening for its "landmark store" at 1348 Third Street Promenade at Santa Monica's acclaimed, pedestrian hot-spot. As one of the most popular destinations for dining and shopping, the Third Street Promenade store is expected to be a key location for FAMIMA's expansion into the L.A. and American market.

Last July, FAMIMA opened its first store at 8525 Santa Monica Boulevard in West Hollywood and in December, its second store at1465 Westwood Boulevard in Westwood. This year, FAMIMA plans to open 20 or more stores in the L.A. area with stores to open soon in Torrance, Hollywood, Glendale, Downtown L.A., Long Beach, Manhattan Beach, and Pasadena. By 2009, FAMIMA plans have 250 stores operating in America.

"I'm delighted to announce the launch of our Santa Monica store," notes Mr. Shiro Inoue, President and CEO of FAMIMA Corporation. "We're excited to be joining the Third Street Promenade merchants and restaurants with our unique product lines. We look forward to getting to know and becoming an active part of the community in the heart of Santa Monica's main tourist, shopping, and dining area -- just a few blocks from the beach."

Famima!! is the American brand name for one of Asia's leading convenience store chains: FamilyMart Company, Ltd. With over 12,320 stores operating in Japan, Taiwan, Korea, Thailand, and China and net sales of approximately $8.7 billion, FamilyMart is one of Asia's top three convenience store franchises.

Famima!! Expands Into American Market

FamilyMart's success is due to its unique, three-fold strategy:

1)  providing shoppers with a comfortable and convenient shopping
    experience,

2)  providing a variety of superior-quality goods customized to
    its demographics,

3)  and providing an above average level of customer service at
    all its stores.
    Together, these qualities make up the essence of the Famima!!
    experience.
Famima!!'s unique presentation offers consumers a clean, polished, and uncluttered environment with streamlined shopping. Its featured food items, while customized to its store's demographics, include: fresh bakery goods and deli sandwiches like fresh, grilled Panini; soups, fried chicken, and hot Chinese buns; gourmet salads; natural foods, Japanese favorites: sushi and Bento boxes; fresh produce, gourmet coffees, juices, and health drinks; and a wide assortment of refrigerated and frozen foods, affordably-priced for the savvy consumer.

In addition to its food items, Famima!! stores are stocked with daily and international newspapers and magazines, incense, stationery, travel accessories, and many other necessary every day items. The store also provides the convenience of ATM machines, copier services, and Internet access.

From neighborhood residents looking for convenient and affordable meals, to mothers shopping for the best value for their families, and from busy executives working in office buildings to the wealth of international tourists seeking a safe, healthy, and satisfying shopping experience, Famima!! accommodates a wide span of needs for all its customers.

FAMIMA Corporation (http://famima-usa.com) was founded in September 2004 with corporate offices in Torrance, California.

Contact Information

  • For more information contact:
    Hidenari Sato
    Famima Corp.
    (310) 214-1001