convenience stores become onestop shop in taiwan
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Taking the concept to a whole new level

Convenience stores become one-stop shop in Taiwan

Arab Today, arab today

Arab Today, arab today Convenience stores become one-stop shop in Taiwan

A 7-Eleven convenience store in Taipei
Taipei - AFP

Borrow library books, buy train tickets, pick up online orders or even eat dinner with friends -- Taiwan's expansive network of convenience stores takes the concept to a whole new level.

The island of 23 million people is home to the highest density of convenience stores in the world, with more than 10,000 in total -- one per 2,300 people.

But as the number of physical shops plateaus, the retail chains are turning to alternative ways to keep money rolling in.

As well as selling standard snacks and toiletries, Taiwan's plethora of 7-Elevens and FamilyMarts then moved to serve up hot meals, from steamed buns to soups and stews, day and night.

Now they are revamping their dining areas and adding fancier meals to the menu -- Japanese ramen, Korean kimchi stew, pesto pasta -- complete with calorie labels.

FamilyMart, a Japanese chain, has even introduced crossover stores with Taiwanese organic produce vendor Tanhou, selling frozen fish and naturally yeasted breads.

But it is by tapping into the island's thriving online retail culture that the ubiquitous stores hope to become the ultimate one-stop shop.

Taiwan's e-commerce market is worth Tw$1.1 trillion ($35 billion) and is set to grow another 11 percent this year.

However, cash is still most online customers' preferred form of payment and many choose to have their internet orders delivered to convenience stores where they then pay for them.

Morning Shop, a popular new online vendor of imported breakfast cereals and granola bars says 85 percent of its sales are settled at convenience stores rather than paid for online.

"Doubts over the safety of online payments are still quite high and seen as more troublesome," said the firm's product manager Chris Chen.

The firm has seen its monthly sales surge from Tw$620,000 ($19,739) in 2015 to an expected Tw$30 million within the first quarter this year.

Convenience stores are also reaping benefits from the arrangement.

They make a slim profit from each transaction and are hoping volume will turn it into a moneyspinner.

FamilyMart aims to up e-commerce to 10 percent of its revenue in five years.

President Chain Store Corp (PCSC) which owns the Taiwan franchise of US chain 7-Eleven, says cash payments for online purchases "abolish the non-trust issue".

"Taiwan can do this while other countries can't because we're a relatively small island," it said in a statement to AFP.

- Plugged in -

Convenience stores are also finding a place in the logistics of daily life.

The shop chains double as a delivery network, enabling residents to send belongings from one part of the island to the other.

Student Lee Yun-hsuan uses them as a postal service when she needs to haul books to and from university.

Lee, 20, sends a box of books from a convenience store near her university on Taiwan's east coast to the closest outlet near her home in Taipei.

"Post offices aren't everywhere and they're not always open," she told AFP.

They have even linked up with libraries in Taipei so readers can pick up borrowed books at a convenience store of their choice.

Now they want to take things to the next level so shoppers can access their services on smartphones.

7-Eleven has introduced the 'iBon' system, with machines installed in most of its shops performing a myriad of functions, including photo printing, purchasing train and concert tickets, or paying parking fines.

Taiwanese franchise owner PCSC is working on expanding iBon's reach by turning it into a mobile application.

"We want to get to the point where everyone can have an iBon in their pocket," it said.

As they ratchet up their tech credentials, residents are increasingly using convenience stores as a catch-all.

Taipei resident Serena Chen, 40, says she goes to a local store at least twice a week, paying her bills over the counter and using photocopying and scanning services.

She also has books and magazines ordered online delivered to the stores for pick-up and payment.

But Chen says the shops' more basic offerings -- from sugary treats to potato chips -- still play their part.

"When I was stressed out at my last job I went every day," Chen told AFP.

"I needed snacks!"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

convenience stores become onestop shop in taiwan convenience stores become onestop shop in taiwan

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

convenience stores become onestop shop in taiwan convenience stores become onestop shop in taiwan

 



GMT 02:36 2017 Saturday ,23 December

Syrian regime forces bombarded Hama killing dozens

GMT 06:54 2017 Friday ,22 December

US vice president makes unannounced Afghanistan visit

GMT 11:28 2018 Wednesday ,17 January

Ambassador of Switzerland meets MP Khalil

GMT 20:05 2011 Friday ,05 August

Sikorsky delivers first S-701 helicopters

GMT 13:47 2017 Thursday ,14 September

EU citizens, British expats rally for Brexit rights

GMT 21:08 2016 Tuesday ,22 November

Kuwaiti Oil Price Goes up to $42.51 pb

GMT 04:03 2017 Tuesday ,25 July

Jamaica stuns Mexico to reach Gold Cup final

GMT 18:52 2015 Saturday ,12 December

Nusra chief rejects outcome of Riyadh meet on Syria

GMT 10:04 2017 Thursday ,13 April

Mattis: No Doubt the Syrian Government Responsible

GMT 14:05 2017 Thursday ,02 March

Canada economy grew 2.6% in fourth quarter

GMT 16:29 2017 Wednesday ,29 November

Noor Bank, Global Village announce strategic partnership

GMT 13:10 2018 Wednesday ,17 January

Kataeb: We refuse to impose taxes on low income people

GMT 13:20 2018 Sunday ,14 January

General policy for displaced is being hampered
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday