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Post by account_disabled on Dec 28, 2023 3:53:47 GMT
The Japan Franchise Association (JFA) revealed that convenience store sales in Japan in 2019 increased 0.4%, hitting a record high. This was supported by the government issuing measures to stimulate consumer spending. This helps offset the impact of the consumption tax increase. JFA said convenience store sales rose for the second year in a row to 10.34 trillion yen ($938.4 billion) in 2019, hitting the 10 trillion yen mark for the first time since data were compared last year. Points will be given to buyers if they pay for purchases without using cash. This measure was B2B Email List taken to reduce the impact of the consumption tax increase from 8% to 10% in October. 2019 However, the future outlook for convenience store sales remains uncertain. This is because the government's current measures will expire in June. And large convenience store operators such as 7-11 and Lawson are reducing their service hours, such as stopping 24-hour service in some stores due to labor shortages. As for the number of convenience stores in Japan at the end of 2019, there were a total of 55,620, a decrease of 0.2% from 2018, the first decrease since data collection. reflect that Convenience store operators are trying to delay the opening of new stores to avoid risking losses in this saturated market. 2005 Kyodo news agency reported that Sales increased from the government's points-earning product purchase program.
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