Japan 2024 convenience stores sales at record high on inbound tourism

Sales from seven major Japanese convenience store chains hit a record high of 11.8 trillion yen ($75.5 billion) in 2024, bolstered by inbound tourism and demand for readily consumable snacks and drinks, data by a Japanese franchising authority showed Monday.The sales were up 1.2 percent from the previous year, marking a third consecutive year of record highs. The number of stores in the country stood at 55,736 as of December, inching up 23 from a year ago, according to the report by the Japan Franchise Association.Although the number of store visitors in 2024 increased by 1.2 percent to 16.…READ FULL ARTICLE