December 20, 2008
McDonald’s Japan sales top historic mark
McDonald's says it likely will become the first restaurant chain in Japanese history to surpass a half-trillion yen, or $5.6 billion, in yearly sales.
Officials of McDonald's Holdings Co. Japan says sales are likely to top 500 billion yen in the 2008 business year, 37 years after the first golden arches was opened in Tokyo's Ginza district, Kyodo, the Japanese news agency, reported Saturday.
Analysts say McDonald's was able to bounce back in the last decade thanks to more restaurants that operate 24 hours per day, the introduction of new items and a greater push on the marketing of coffee.