Kura Sushi Targets 20% Annual US Store Growth as Asia Expansion Reaches Ceiling
Updated
Updated · Bloomberg · Jun 30
Kura Sushi Targets 20% Annual US Store Growth as Asia Expansion Reaches Ceiling
1 articles · Updated · Bloomberg · Jun 30
Summary
Kura Sushi plans to grow its US store count by 20% a year, accelerating expansion to capture market share before more rivals enter.
CEO Hajime Uba said the push reflects limited room for further growth in Asia unless companies can expand into China, driving Japanese restaurant chains toward North America.
The conveyor-belt sushi operator is betting the US can provide its next major growth engine as competition among Japanese brands increasingly shifts overseas.