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National News

7-11 shifts policy on unsold items

Seven-Eleven Japan Co. said June 23 it will introduce a new system July 1 in which it will shoulder 15 percent of the commodity cost of unsold products such as boxed lunches that are disposed of after their expiration dates at its franchise stores.

The nation's biggest convenience store chain operator claimed the measure is aimed at helping franchise stores overcome the recession. It could also be seen as a ploy to keep the franchises from selling discounted food.

The move by Seven-Eleven comes a day after it was slapped with an order from the Fair Trade Commission (FTC) to stop the practice of unfairly banning its franchise stores from selling food products at discount prices.

Industry watchers say the FTC move could amount to a landmark in the Japanese convenience store industry, where products are usually sold at fixed prices. (Kyodo News)


Shukan ST: July 3, 2009

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