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Muji Macau

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Submitted By penpen50
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Executive Summary

MUJI is owned by Royhin Keikaku Co., Ltd., whose headquarter is located in Japan. It was established in 1989 and listed in Tokyo Stock exchange on 14/12/1998 (http://ryohin-keikaku.jp/) as in Retail Trade industry. MUJI has over 7000 products ranging from clothes, household articles and food. MUJI aimed to develop and promote low price and high value products to customers. There are about 379 stores in Japan and 153 stores in Asia, Europe and North American. The company has six different types of businesses, which includes MUJI product business, The Café and Meal MUJI, MUJI Campsite Operation, MUJI Flowers, MUJI House and IDEE.
The operating revenue for fiscal year ending Feb 2011 amounted to is 145,800 (million yen). Considering solely on the Asia region, operating revenue amounted to 10,964 million yen, increased 27% YoY. Operating profit margin is increased by 1243 (Million yen), up by 67% compared to the previous fiscal year. The growth of the figures in Asia is mainly due to the fast expansion of MUJI China.
The economy of Macau has grown rapidly since the liberalization of the Casino license. Comparing to the year 2010, GDP has grown from 2,262 (million MOP) to 2,921 (million MOP). Such strong growth is partly contributed by an increase in retail sales (up 41.7%) and tourist expenditure (up 20.0%). The above chart shows the retail performance between 2007 and 2011. There is a common urban legend that department store sells exactly the same product as in most supermarkets, just with higher prices and nobody actually shops there. The above chart dares to differ this legend. As we can see, the department store sales increases in line with the whole retail trend, while supermarkets is obviously slowing down. There is a huge demand in higher quality department store product, but the supply is obviously insufficient. There is just a

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