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Record number of new convenience stores to open in FY12

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Three major convenience store chains will open a total of about 3,000 outlets in fiscal 2012--a record annual number--bringing the total number of convenience stores in the nation to over 45,000, according to the chains' operators. All three operators--Seven-Eleven Japan Co., Lawson, Inc. and FamilyMart Co.--recorded their highest-ever total operating revenues and operating profits for the March-to-November period last year, according to their respective consolidated settlement of accounts. The three companies saw a sharp rise in sales because of an increase in new customers--mainly homemakers and the elderly--following the March 11 earthquake and tsunami. (Yomiuri)

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