[Famima] will get squeezed by an increasingly competitive convenience store industry that includes players like 7-Eleven, which has been owned by parent 7-Eleven Japan since last year. Britain's dominant supermarket chain, Tesco PLC, announced this month that it's entering the U.S. market with a string of mini-marts it plans to start opening on the West Coast in 2007.
(This article's a little old, but I haven't found any more-recent news on the subject.)
—Mellow Monk
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