Revenue of the leading Japanese retail companies worldwide FY 2020
The state of wholesale and retailThe wholesale and retail industries were the largest industries in Japan, with a quarter of business establishments in the tertiary economic sector operating in wholesaling or retailing. While retailers accounted for the majority of registered businesses within the industry, wholesalers dominated in the sales of goods. More than 300 trillion Japanese yen in annual sales were generated through wholesale trading.
The industry also played a major role in the creation of jobs in Japan, especially for in-store staff. Over ten million people were employed in the domestic wholesale and retail trade industry, the highest number across all economic sectors in the country.
Konbini: retail around-the-clockThe Japanese retail industry encompassed a variety of store-based point of sales ranging from large shopping malls with a broad product assortment to convenience stores focused on everyday goods.
Convenience stores, commonly shortened as konbini, are especially popular among consumers with their around-the-clock services. The number of convenience stores in operation exceeded 56 thousands in recent years, offering customers a variety of services apart from the sales of foodstuff, such as postal dispatching, payment services for bills, and ATMs.
The convenience store landscape is mainly lead by three retail chains, operated by Lawson Inc., FamilyMart Co. Ltd., and a subsidiary of the second ranked Japanese retailer, 7-Eleven Japan Co. Ltd..