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Japan’s largest ¥100 discount store Daiso besieged by sinking yen

Financial Times LogoFinancial Times2 mo ago

Japan’s largest ¥100 discount store Daiso besieged by sinking yen

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Daiso, which has its own factories in Thailand and Vietnam, is in negotiations with landowners to build another plant in western Japan expected to be open in 2028.

However trade disruption caused by the pandemic, the weak yen and the war in Ukraine have exposed the fragility of the ¥100 store business model.

Daiso is expected to open 520 new stores in Japan and overseas this fiscal year through February 2023, more than 30 per cent of which will be under the two brand names.


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Article Details

Author / Journalist: Eri Sugiura

Category: MarketsFinanceInvesting

Topics: Price Daiso Stores Yano Cent Financial Japan Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-19, 00:15:07

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 5 minutes read

Article Length: 722 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 536

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 14 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #3

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