Daiso set to open new locations in 8 states
The next grand opening will take place on July 19 in La Quinta, California. The other states debuting new stores over the next few months are Colorado, Florida, Kansas, Oregon, Texas and Utah. Daiso has been coming for its rivals like Dollar Tree since expanding to the US in 2005.
It may have a way to go after Dollar Tree's acquisition of bankrupt 99 Cent Only stores helped it surpass 9,000 North American stores. Fellow competitor Five Below is also planning to open 150 US locations this year. Daiso has been successful with its overseas expansion since debuting its first store outside Japan in Taiwan in 2001. Today, over 1,000 Daiso locations are operating in 25 countries and regions outside of Japan.
If all goes as plan for the chain, there could be 1,000 Daiso stores throughout the US by 2030. Most of the existing locations are in California, which is also the state with the highest number of new Daiso stores this year. Dollar Tree has over 800 locations in California, the most out of any US state.
While many retailers have managed to survive inflation and fears of a looming recession, others have struggled. Daiso competitor Family Dollar has been in trouble for quite some time, even before its 2015 merger with Dollar Tree. After failing to make the merger work, Dollar Tree agreed to sell the chain for around $1 billion, which was finalized on July 7.
The acquisition was finalized just a year after Family Dollar shuttered hundreds of stores. Outside of discount variety stores, pharmaceutical chains have also been in hot water financially.
Rite Aid has shuttered hundreds of stores and sold off assets since filing for bankruptcy in May for the second time in two years. CVS is also planning to close up to 270 stores. With the additional impact of tariffs, the nation is bracing itself to lose 15,000 stores by the end of the year. DailyMail.com has reached out to Daiso for comment about its new US stores.
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