FamilyMart to Add 600 Southeast Asia Stores to Tap Young Markets

FamilyMart Co., Japan’s largest convenience store operator in Southeast Asia, plans to open 600 stores in Indonesia and the Philippines, tapping demand from young people as an aging population saps growth at home.

The retailer intends to have 300 stores in each country by 2015, expanding on a network that includes more than 10,700 shops outside Japan, Masaaki Kosaka, director of overseas operations, said in an interview. He declined to say how much the expansion would cost.