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Business

Japan's convenience store boom slows to a crawl

Industry looks to tweak business model as 24-hour retail rivals poach shoppers

Convenience store signs
Convenience stores in Japan are looking for new ways to lure customers as other retailers encroach on their business model.

TOKYO -- Japan's three major convenience store operators are putting a brake on expansion, with their combined net increase of stores for fiscal 2018 estimated at about a third of their peak in 2013 over a decadelong span.

The three players -- Seven-Eleven Japan, FamilyMart and Lawson -- are expected to see a net gain of 1,100 stores for the current fiscal year.

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