Japan Convenience Stores Post Record Sales in 2023
17:10 JST, January 23, 2024
TOKYO (Jiji Press) — Convenience store sales in Japan rose 4.3% in 2023 from the previous year to a record high of ¥11,659.3 billion, marking the third consecutive year of growth, the Japan Franchise Association said Monday.
Per-store sales climbed as more people went out and demand from foreign visitors grew after the removal of COVID-19 restrictions. Ice cream and beverages sold well amid a scorching summer heat wave.
The number of stores fell by 125 to 55,713.
On a same-store basis, sales gained 4.1% to ¥11,186.4 billion. The number of shoppers rose 2.9%, while the average value of purchases per customer climbed 1.1% to ¥723.5.
In December alone, same-store sales expanded 4.2% from a year before to ¥1,012 billion, thanks to growing customer traffic due to visits to families and year-end events.
"Business" POPULAR ARTICLE
-
Core Inflation in Tokyo Accelerates in November
-
Nissan President Uchida Facing Hard Time on 5 Years After Taking Office; Future of Nissan Uncertain
-
China’s New Energy Vehicles Dominating Domestic Market; Japanese, European Automakers Losing Ground
-
CPTPP Will Let Britain Offer Further Benefits to Japan, Says U.K. Ambassador, Days Before Her Country Joins Pact
-
Federal Appeals Court Upholds Law Requiring Sale or Ban of TikTok in U.S.
JN ACCESS RANKING
- Core Inflation in Tokyo Accelerates in November
- China to Test Mine for Rare Metals Off Japan Island; Japan Lagging in Technologies Needed for Extraction
- Record 320 School Staff Punished for Sex Offenses in Japan
- Miho Nakayama, Japanese Actress and Singer, Found Dead at Her Tokyo Residence; She was 54 (UPDATE 1)
- Immerse Yourself in Snoopy’s World Ahead of Comic Strip’s 75th Anniversary Next Year; Renovated, Refreshed Museum Features Original, Reproduced Comic Strips, Vintage Merchandise