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Store Sales Boom

Date Posted: 2000-06-10

Ryubo group, operators of department stores, supermarkets and convenience stores is experiencing boom times with sales exceeding 40 billion for the first time. Group sales have grown eight-fold in eight years since the opening of its flagship department store in Palette Kumoji, Naha City.

Besides the department store, the group operates supermarkets under the same name and 140 Family Mart convenience stores throughout the prefecture.

Of the three companies of the group, Family Mart is currently operating in the red because of aggressive investment policies pursued by the company. They are expecting to turn profitable by February 2001.

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