Japan's Convenience Stores Seek Growth Across Asia
Fifty years after Kenji Yamamoto opened Japan's first modern-day convenience store in Tokyo, giants like 7-Eleven are seeking growth in Thailand, Indonesia, and China, as Japan's population is projected to shrink. The convenience store industry, with 55,000 outlets in Japan, relies on international expansion for future survival.
Fifty years after Kenji Yamamoto opened Japan's first modern-day convenience store in Tokyo, domestic giants like 7-Eleven are seeking growth in countries such as Thailand, Indonesia, and China.
With Japan's population projected to decrease by nearly a third in the next 50 years, the survival of the convenience store industry hinges on international expansion.
Currently, Japan boasts around 55,000 convenience stores, often open 24 hours a day and just 100 meters apart in urban areas.
With Japan's population projected to decrease by nearly a third in the next 50 years, the survival of the convenience store industry hinges on international expansion.
Currently, Japan boasts around 55,000 convenience stores, often open 24 hours a day and just 100 meters apart in urban areas.
