📰 Newspapers

Striped socks keep FamilyMart a step ahead in Japan’s convenience store wars

Striped socks keep FamilyMart a step ahead in Japan’s convenience store wars

The 390 yen (S$3) socks have become one of Japan’s best-known products at convenience stores.

TOKYO – For some people, the blue, green and white striped socks hanging near the entrance of a FamilyMart convenience store may look more like an emergency purchase than a fashion statement.

Yet, the 390 yen (S$3) socks have become one of Japan’s best-known products at convenience stores, which are usually the go-to for snacks and drinks.

With 40 million pairs sold since 2021, they have helped FamilyMart reinvent itself as a lifestyle brand in the competitive “conbini” market.

Now, Japan’s second-largest convenience store chain is building on that fashion credential with a wider range of lifestyle items, including matching bandanas for pets and owners, in a push for growth beyond daily necessities.

It has also backed the strategy with branding initiatives including a recruitment campaign featuring pop star Lady Gaga.

The effort to cultivate a fashionable image is helping FamilyMart stand out as inflation-weary shoppers cut back on spending, drug stores eat into sales of household staples, and a shrinking population limits expansion opportunities in a market saturated with around 56,000 stores.

“FamilyMart has really upped its style game over the past year or two,” said Tatsuhiko Yuki, a 56-year-old taxi driver and regular customer.

Yuki describes FamilyMart as a destination for collectibles, having purchased 20 pairs of its striped socks, including limited-edition versions inspired by Nintendo game Animal…

In brief

TOKYO – For some people, the blue, green and white striped socks hanging near the entrance of a FamilyMart convenience store may look more like an emergency purchase than a fashion statement. Yuki describes FamilyMart as a destination for collectibles, having purchased 20 pairs of its striped socks, including limited-edition versions inspired by Nintendo game Animal…

This is the opening of the story, shared with credit to The Straits Times — Asia. The rest of the report — with every detail — continues on the publisher’s website.

Continue reading at The Straits Times — Asia ↗

Cookie settings

Choose which cookies we may use. You can change this at any time from Cookie settings in the footer. Details of each cookie are in the Cookie Policy.

Strictly necessary

Needed for sign-in, security, payments and remembering these choices. Always on.

Preferences

Remember settings such as dark mode.

Analytics & performance

Help us count visits, understand which pages, devices and countries our readers use, and measure how well the site performs – anonymous and aggregated.

Advertising & marketing

Lets advertising partners show and personalise adverts, measure impressions, clicks and visits, prevent ad fraud and pay us – this is how the free site is funded.

🔔 News notifications

Get headlines from NewsHub on this device — even when the site is closed.

You can switch this off at any time. Works on Android, Windows, Mac and Linux browsers; on iPhone/iPad add the site to your Home Screen first.