The three men, all wearing hoods and masks, stabbed the shopkeeper as he tried to defend himself with a shop sign.
The attack was witnessed by his wife and two shocked customers.
Police officers and ambulance crews were called to the scene in Waltham Forest, north-east London, just after 9pm on Monday.
The 70-year-old victim was found with serious stab injuries and was taken to hospital, where he remains in a serious but stable condition.
The men are described as white, aged in their twenties, all wearing dark tracksuit bottoms and dark jackets with hoods. One man had a grey hooded top underneath a black puffa-style jacket.
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