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
-
Japan Household Spending Down 0.5% in Feb.
-
Japan, U.S., Philippines to Strengthen Nickel Supply Chains; Reduce Reliance on China for Critical Minerals
-
Shinkansen to Have Private Rooms by FY 2026, JR Tokai Announces
-
Survey: 80% Worried About Recognizing AI as Patent Inventor; Respondents Fear Increase in Unverified Inventions
-
Ride-Sharing Services Start in Tokyo; Kanagawa, Aichi, Kyoto, Others To Follow Suit
JN ACCESS RANKING
- Japan Household Spending Down 0.5% in Feb.
- China Mutes Memorialization of Reformer Hu Yaobang; Memories Could Spark Critique of Xi Administration
- Shinkansen Services Suspended After Man ‘Searches for Phone’ on Tracks; Disruption Affects About 14,000 Passengers
- U.S. 7th Fleet officer Arrested on Suspicion of Stealing Sushi, Sashimi, Chicken at Kanagawa Shopping Mall; Suspect Caught Mid-Meal
- UNRWA Director Describes Catastrophic Destruction in Gaza; Says Relief Trucks Robbed, ‘People’s Hearts Destroyed’