Convenience store sales increased 1.8% Cashless point reduction effect November 20, 18:28
Sales at convenience stores nationwide last month were 1.8% higher than the same month last year, partly due to the increase in sales due to the reduction of cashless payment points that began with the increase in the consumption tax rate.
According to the Japan Franchise Association, sales of convenience stores nationwide last month was 882.4 billion yen, up 1.8% from the same month last year and increased for the first time in two months. This is because tobacco sales increased last month due to the rebound from the tobacco tax increase in October last year, and sales increased due to the cashless payment point reduction that started in line with the increase in the consumption tax rate. The unit price per customer was over 625 yen, 4.1% higher than the same month last year. Convenience stores reduce the amount of purchases by 2% from the purchase amount by reducing the cashless payment points introduced by the government in line with the increase in the consumption tax rate. Although the point reduction system has led to a rise in convenience store sales, major supermarkets and other companies that are not covered by the system are calling for a review of the system because the competitive environment has been distorted.