JAPANESE C-STORES EYING DOMESTIC DIVERSIFICATION, OVERSEAS EXPANSION
April 1st, 2012
BY MARTIN FOSTER, IN TOKYO
JAPANESE convenience stores are diversifying products and services to survive in a market with an ageing and shrinking population, also aggressively expanding overseas to lock-in new revenue.
The Japanese population shrank by 259,000 people - including non-Japanese - to slightly less than 128 million people in the year to October 1, 2011, the greatest annual decline since 1950, according to figures from the ministry of internal affairs and communications.
This population was served by 44,791 convenience store outlets in the year ...
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