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Seven & i Japanese convenience stores' sales grow 3.8% in January

Japanese retail conglomerate Seven & i Holdings Co. Ltd. said Feb. 15 that sales at its Seven-Eleven Japan convenience stores grew 3.8% in January.

The retailer said sales at "existing stores" rose 1.1% from the same period last year. The number of customers slipped 1.6% year over year but average spending per customer increased 2.7%.

The number of convenience stores in Japan totaled 20,033 in January, up from 19,979 in December 2017.

The company's overseas business, 7-Eleven Inc., experienced a total store sales growth of 12.5% year over year, with a 19.6% increase in gasoline sales and a 6.3% jump in merchandise sales. For existing stores in the U.S., merchandise sales rose 2.6%.

The Japanese company's general merchandise store chain Ito-Yokado posted a 0.2% year-over-year growth in total store sales. Existing stores' sales inched up 0.1%, while the number of customers fell 0.5% and average spending per customer rose 0.6%.

Meanwhile, Seven & i's Japanese supermarket chain, York-Benimaru, recorded a 3% increase in total store sales compared to the same month a year ago. Its existing sales slipped 0.1%. The number of customers decreased by 1.4% but the average spending per customer increased 1.3%.

Further, existing store sales at the Sogo & Seibu department store division grew 1.7% year over year but total store sales dropped 13%.

The restaurant division, Seven & i Food Systems, saw a 0.1% drop in total store sales for the month. Its existing store sales increased 1.3%. The number of customers declined by 1.7% but average spending per customer rose 3.1%.