Japan Convenience Store Sales Up 0.6 Pct in 2018

Economy

Tokyo, Jan. 21 (Jiji Press)--Sales at convenience stores in Japan in 2018 inched up 0.6 pct from the preceding year to 9,724.4 billion yen on a same-store basis, up for the first time in two years, an industry group said Monday.

The rise reflected brisk sales of prepared meals and "bento" boxed meals targeted at single people and double-income households, according to the Japan Franchise Association. Sales of beverages and ice cream surged in the summer amid scorching temperatures.

Per-customer sales grew 1.9 pct to 619 yen, up for the fifth consecutive year.

But the total number of shoppers dropped 1.3 pct to 15,706.73 million, down for the third year in a row, due to tough competition with drug stores that also sell foods and following a series of natural disasters, including torrential rains in western Japan and powerful earthquakes in the western prefecture of Osaka and the northernmost prefecture of Hokkaido.

As the end of December, the number of convenience stores totaled 55,743, up 1.0 pct from a year earlier.

[Copyright The Jiji Press, Ltd.]

Jiji Press