By: Huang Chiao-wen and Frances Huang
Taipei, July 2 (CNA) The density of convenience stores in Taiwan hit the highest level in the world ahead of Japan, while sales in the local convenience store sector are expected to continue to grow to top NT$300 billion (US$9.32 billion) in 2016, according to the Ministry of Economic Affairs (MOEA).
The data released by the MOEA said that as of the end of May, Taiwan’s major convenience store chains owned a total of 10,199 outlets, which translated into a density of one convenience store for every 2,304 local residents.
The four major convenience store chains in Taiwan are 7-Eleven, FamilyMart, OK Mart, and Hi-Life.
In comparison, Japan had a total of 54,839 convenience stores with a density of one convenience store for every 2,317 Japanese residents as of the end of March, the MOEA data showed. [FULL STORY]