
AI-generated summary
The Japanese convenience store market has reached a point of saturation, and major chains, including 7-Eleven, are trying to overcome competition by expanding clothing sales and diversifying services such as utility bill collection services.
‘Nico&’ sold at 7-Eleven… Saturated convenience store industry seeks to expand services
(Seoul = Yonhap News) Reporter Kim Byeong-gyu = The Tokyo Shimbun reported on the 30th that major convenience store chains in Japan are making efforts to sell clothing, including expanding the clothing items sold in stores.
The Tokyo Shimbun reported that clothing items sold at convenience stores were originally targeted at "urgent needs" such as socks and underwear, but convenience store chains have been focusing on clothing sales in recent years.
7-Eleven announced earlier this month that it would collaborate with clothing company Nico ST and sell products from the company's clothing brand 'Nico&'.
The convenience store's goal is to double clothing sales by increasing the number of clothing items sold in convenience store stores.
A 7-Eleven official explained, "Convenience stores' main customer base is brands in their 40s and 50s, but (popular clothing brands) are aimed at young female customers," adding, "It can lead to the purchase of other products, so it is a means of increasing the value of customers visiting convenience stores."
7-Eleven's 'transformation' is actually late compared to other convenience store chains such as Family Mart and Lawson.
In 2021, Family Mart began selling self-designed T-shirts, sportswear, and socks matching the store's colors under the name 'Convenience Store Wear.'
As positive responses continued across the country, a store with a changing room for people to try on clothes was opened in downtown Tokyo last July.
In the case of Lawson, it has been selling ‘Muji’ products nationwide since 2022.
Convenience store chains' efforts to sell clothing are one of the self-rescue measures taken as the convenience store market in Japan is reaching saturation point and competition is intensifying.
As the number of convenience stores across Japan remains stagnant at around 50,000, the convenience store industry is expanding its services to include utility bill collection and baggage services.

Ultium Cells, the LG Energy Solution and General Motors joint venture, will upgrade its Spring Hill, Tennessee plant to mass-produce lithium manganese-rich (LMR) prismatic batteries starting in 2028, aiming to lower costs and boost energy density for future GM electric vehicles. The $1 billion investment through 2030 will create 500 new jobs and expand the facility’s output to include high-nickel, LFP, and LMR chemistries in both pouch and prismatic formats.

At Korea Blockchain Week, Dunamu CEO Oh Gyeong-seok emphasized the need to connect the competitiveness of the Korean digital asset market with the global market, and suggested a stock exchange agreement with Naver Financial and AI financial service linkage through Upbit Skills as a global expansion strategy.

S&C Restaurant Holdings, the Korean operator of the American Mexican food chain Chipotle, has launched the official application 'Chipotle Korea'. Through the app, customers can select pickup times in 10-minute increments during store business hours and customize menus. Chipotle opened its first store in Asia in Gangnam, Seoul on the 2nd, and plans to open additional second and third stores within the year and the first store in Singapore in the first half of next year.

The livelihood stability funds subrogated by the Korea Workers' Compensation and Welfare Service increased three-fold compared to the previous year to KRW 49.699 billion last year, but the recovery rate was only 28.1%. The amount of illegal receipts was KRW 3.964 billion, but the recovery rate remained at 46.0%.

As a result of T Map Mobility's analysis of driving data from January to August of this year, it was found that the number of destination settings for Daegu's independent bookstore 'Ilgeulchaek' increased by more than 300% compared to the same period last year. The number of destinations for bookstores in major neighborhoods across the country has also increased significantly, such as 'Cat Hall' in Tongyeong, Gyeongsangnam-do (151%), 'Bookstore of Duck' in Uljin, Gyeongbuk (147%), and 'Grape Bookstore' in Mokpo, Jeollanam-do (48%). This is believed to be due to the strengthening of the role of bookstores as complex spaces that provide unique cultural experiences such as book talks and reading groups.

Toss, operated by Viva Republica, has entered into a strategic partnership with Cocktail Funding to sequentially introduce home mortgage and credit loan products into the Toss loan comparison service. Credit loans for people with low credit are scheduled to be launched in October, and will focus on supporting the financially underprivileged who have difficulty receiving loans due to their credit ratings even though they have collateral or the ability to repay.