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Japan Convenience Store Sales Down 4.3 Pct in Oct.

Japan Convenience Store Sales Down 4.3 Pct in Oct.

   Tokyo, Nov. 20 (Jiji Press)--Sales at convenience stores in Japan in October fell 4.3 pct from a year earlier to 873.1 billion yen on a same-store basis, down for the eighth consecutive month, the Japan Franchise Association said Friday.
   The sales drop came on the heels of the preceding month's rush demand ahead of a tobacco tax hike, as well as a year-before rise in sales following the start of a nationwide reward point program for cashless payments, a step intended to ease the pain of the consumption tax hike in October 2019.

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AFP-JIJI PRESS NEWS JOURNAL


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