February 4 that Yamada Holdings (Yamada Electric Appliances), Japan’s largest power vendor, will invest 100 billion yen to open a large number of large stores in the suburbs and localities.
Starting in fiscal year 2021 (as of March 2022), it has increased by about 150 in five years to cope with the expansion of “stay-at-home consumption”. Other retail companies may also change from the city to the suburbs.
According to the report, driven by special needs at home, Yamada Holdings’ consolidated net profit in fiscal year 2020 is expected to increase by 30% year-on-year to 32 billion yen.
Compared with urban centers, suburban stores are more obvious in driving revenue.