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Don Quijote Holdings thinking big

With its strategy of rolling out megastores to drive sales while keeping supply costs low, Japanese discount store group Don Quijote Holdings expects operating profit to reach ¥60 billion (US$537 million) by 2020.

This is 20 per cent higher than its current target. It initially aimed for sales of ¥1 trillion and an operating margin of 5 per cent, but a quick succession of store openings has put Don Quijote on track to achieve its goal earlier.

Don Quijote sign
Sales grew 9 per cent to ¥828.7 billion last fiscal year, while operating profit rose 7 per cent to ¥46.1 billion.

Meanwhile, Don Quijote intends to buy a 40 per cent stake in supermarket company Uny, a subsidiary of FamilyMart Uny Holdings. Some shuttered Uny supermarkets will be converted into Mega Don Quijote stores.

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