No.2722
Specialty Store Chain Retail Market in Japan: Key Research Findings 2021
Estimated Domestic Specialty Store Chain Retail Market Size in 2019 Declined to 82.8 Trillion Yen, 99.5% on YoY
Yano Research Institute (the President, Takashi Mizukoshi) carried out a survey on the domestic specialty store chain market, and found out the market trend by 46 business form and industry and the market perspectives.
Market Overview
The specialty store chain retail market size, targeting drugstores, DIY stores and other specialty stores from total 46 business forms and industries, was estimated to have generated 82,762.2 billion yen (99.5% on YoY) in 2019, in reference to data from “the Current Survey of Commerce” by METI and other data and publicized materials from organizations and companies of various industries.
Noteworthy Topics
Trend of Shopping Centers
The research on specialty store chains includes a summary of the trends of shopping centers and outlet malls where retail shops are often located. According to the survey (confirmed report values) by Japan Council of Shopping Centers, the annual sales at shopping centers in 2020 significantly declined to 24,901.6 billion yen, 77.9% on a YoY basis. This was because of COVID-19 pandemic that reduced the number of visitors to shopping centers throughout the year. When observing the tendency by location, the sales recovery was difficult at those in central regions and metropolises, while those in the suburbs saw favorable sales, as spread of telework increased the number of visitors during weekdays from nearby regions.
Future Outlook
The specialty store chain retail market size in 2020 is anticipated to worsen the declining level, mainly because of COVID-19 pandemic. In April, when a state of emergency was announced, the sales at stores significantly dropped, as they had to close temporarily or shorten the business hours. Even after the announcement was lifted, people were asked to stay home as much as possible, which made many stores to find smaller number of visitors than usually. Also, as working at home spread, the sales as well as visitors at stores in the metropolitan areas diminished.
While COVID-19 infections not likely to die down even in 2021, various DX measures including real-time inventory management via cloud have been implemented at companies operating specialty store chains. Some companies have positioned DX as a measure against COVID-19 infections.
On the other hand, some companies consider that their procurement is often not satisfactorily planned even in the COVID-19 calamity, which led them to work on OMO (online merges with offline.)
Research Outline
2.Research Object： Specialty store chain operating companies
3.Research Methogology： Literature research by the expert researchers
The Specialty Store Retail Chain Market
The specialty store chain retail market in this research refers to nationwide specialty stores belonging to total 46 business forms/industries, which consist of 7 business forms including drugstores and DIY stores, and 39 industries such as electronic stores, jeans casual shops, etc.
When calculating the market size, various statistics data are used, including data from “the Current Survey of Commerce” by METI, from Japan Association of Chain Drugstores, from Japan DIY&HC Association, etc.
＜Products and Services in the Market＞
Drugstore, DIY store, 100-yen, total discount store, reuse shop, outlet mall, online mail order, jeans casual shop, specialty store, women’s clothing store, children/Baby’s clothing store, men’s clothing store, Kimono store, bookstore, CD/game shop, second-hand software specialty store, total software complex store, music instrument store, toy/character shop, handicraft goods specialty store, camera/DEP specialty store, ticket shop, car gear shop, used-car specialty store, automobile & motorcycle shop, sports gear shop, pet & pet goods shop, flower and ornamental plants shop, home electric appliance store, PC store, mobile phone specialty store, furniture specialty store, household goods store, stationary store, jewelry store, glasses store, shod shop, bag shop, clothing accessory store, cosmetic store, liquor shop, fresh food specialty shop, Bento and deli shop, Pizza/sushi delivery store, food and health food mail order store, bakery, Japanese and Westerns sweets shop
Published Report
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