Japan’s convenience store sales rise 4.1% to record high in 2023

Economy

Convenience store sales in Japan rose to a record high in 2023 for the second consecutive year with 4.1 percent growth, driven by the removal of COVID-19 restrictions, a surge in inbound tourists and an unusually hot summer, an industry body said Monday.

The same-store sales of seven major convenience store operators gained for the third straight year to 11.2 trillion yen ($76 billion) in 2023, according to the Japan Franchise Association.

Japan’s decision in May to downgrade the legal status of COVID-19 to the same category as seasonal influenza and a resurgence in foreign tourists helped cus...

Kyodo News

Kyodo News