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Japanese retailers like 3Coins capitalise on Hong Kong's retail property slump to expand
Japanese retailers like 3Coins capitalise on Hong Kong's retail property slump to expand

South China Morning Post

time27-05-2025

  • Business
  • South China Morning Post

Japanese retailers like 3Coins capitalise on Hong Kong's retail property slump to expand

3Coins, an Osaka-based retailer, plans to open an outlet in Causeway Bay, joining a list of Japanese businesses that are finding value amid a slump in Hong Kong's retail real estate market. 3Coins will open its first store in mid-July in Hysan Place and will carry Japanese products including grocery items, according to a Monday statement from Yaichi Group, a partner of the retailer. 3Coins was founded in 1994 and now has 365 stores across Japan. The size of the company's store in Hong Kong was not made available. 'Hong Kong's current economic climate is challenging … [but] many Hongkongers refer to Japan as their 'hometown', that's why we're committed to bringing good quality Japanese products at great value to the city,' said Lou. He said Yaichi, which represents Japanese brands like Sugar Butter Sand, Tokyo Banana and Mr. Cheesecake in Hong Kong, was also looking to expand its Japanese brands in the city. 'We recognise the strong local demand for authentic Japanese products and are dedicated to introducing more high-quality offerings to meet consumer expectations,' he said. The success stories of existing retailers in Hong Kong including supermarket chain Don Don Donki, furniture shop Nitori , as well as Muji, Francfranc and Aeon, have boosted the confidence of other Japanese businesses in the city, said Jeannette Chan, senior director of retail at JLL in Hong Kong.

Don Quijote: Japan's discount haven thrives amid tourist boom
Don Quijote: Japan's discount haven thrives amid tourist boom

South China Morning Post

time25-05-2025

  • Business
  • South China Morning Post

Don Quijote: Japan's discount haven thrives amid tourist boom

Business is thriving at Don Quijote, a Japanese discount chain that offers a wide range of products, from nostril-hair wax to party costumes. Its popularity among tourists and rising inflation in Japan have contributed to its success. At a large Don Quijote store in Tokyo's Shibuya district, hundreds of tourists can be seen rushing to fill their baskets with snacks and souvenirs from its heaving narrow aisles. The chaotic cut-price shops nicknamed 'Donki' were founded in the 1980s by Takao Yasuda. Yasuda named the stores after his inspiration, the main character from the classic Spanish novel Don Quixote. Don Quijote's penguin mascot Donpen wears a Santa hat. Along with the Don Don Donki jingle, Donpen creates quite a lively atmosphere in the stores.

'Malaysian Product, Japanese Taste' Programme For Local Products To Expand Into New Markets
'Malaysian Product, Japanese Taste' Programme For Local Products To Expand Into New Markets

Barnama

time25-05-2025

  • Business
  • Barnama

'Malaysian Product, Japanese Taste' Programme For Local Products To Expand Into New Markets

KUALA LUMPUR, May 19 (Bernama) -- The 'Malaysian Product, Japanese Taste' programme held at Don Don Donki Malaysia in conjunction with the 2025 Buy Malaysian Goods Campaign serves as a platform for local entrepreneurs to penetrate international markets, especially Japan. Ministry of Domestic Trade and Cost of Living (KPDN) Trade, Distribution and Business Sector senior director Datuk Rohaizi Bahari said the programme, which was launched today, would encourage local companies to improve product quality, packaging, certification, food labelling and production capacity. 'This is the result of a strategic collaboration between KPDN and Don Don Donki Malaysia. Today also marks an important step in efforts to strengthen the country's economic identity through the empowerment of local products. 'This initiative, through the 'Local 2 Global Retail' programme, will showcase quality and innovative Malaysian products in a presentation concept inspired by Japanese tastes,' he said at the launch of the 'Malaysian Product, Japanese Taste' programme at the Don Don Donki Mid Valley branch today. Rohaizi said the programme involved the sale of products from five local companies and brands with a total of 281 stock keeping units (SKUs) at four Don Don Donki Malaysia branches, namely at Lot 10 Bukit Bintang, Mid Valley Megamall, Sunway Pyramid, and NU Sentral. 'This programme will be expanded to Japan in August this year. A total of 19 Malaysian brand companies will be involved with 70 SKUs that will be marketed at three Don Don Donki branches in Japan, namely in Hokkaido, Tohoku and Chubu, as well as Kyushu,' he said. Meanwhile, Rohaizi said that the 'Malaysian Product, Japanese Taste' programme also shows that international retail industry players are supporting the government's efforts in stimulating domestic economic growth and expanding the market of local companies to the global level. 'This programme not only introduces unique Malaysian products to customers who love Japanese concepts, but also builds awareness of the quality, creativity and accessibility of our products in the international market. 'The existence of Don Don Donki with more than 50 branches in the Asian region, including Japan, Malaysia, Singapore, Hong Kong, Macau, Thailand and Taiwan, is also a strategic opportunity for local entrepreneurs to penetrate overseas markets,' he said.

Don Don Donki's Malaysian Jingle: Some Stores Dance, Others Fall Silent
Don Don Donki's Malaysian Jingle: Some Stores Dance, Others Fall Silent

Rakyat Post

time23-05-2025

  • Business
  • Rakyat Post

Don Don Donki's Malaysian Jingle: Some Stores Dance, Others Fall Silent

Subscribe to our FREE In the bustling heart of Kuala Lumpur, another Don Don Donki store is singing its swan song. The Nu Sentral branch, barely a year old, has joined the growing list of the Japanese retail chain's Malaysian casualties, following the footsteps of its Tropicana Gardens Mall and IOI City Mall siblings. Social media is buzzing with snapshots of clearance sales, showing empty shelves and discount signs screaming up to 40% off. It's a familiar sight that Malaysian shoppers have come to know – the final days of a retail outlet making its exit. The Nu Sentral branch, which opened with much fanfare in June 2024, will close by the end of this month. Don Don Donki in Malaysia: When Discount Meets Premium Despite being a discount chain in its home country, Japan, Don Don Donki has taken on a different identity in Malaysia. Import costs, currency exchange rates, and its reputation for Japanese quality have transformed it into a premium shopping destination, with prices that many locals consider steep. Yet, this hasn't stopped the chain from expanding aggressively across Malaysia. But not all that glitters is gold. While some locations like 'Everything must go!' signs have become common, as bargain hunters swoop in for final deals. It's a reminder that even popular chains aren't immune to market forces. One local shopper said, 'Expensive is one thing, but location is everything.' The Japanese retail giant's journey in Malaysia is a tale of hits and misses, proving that survival in the retail jungle is never guaranteed, even with a well-known catchy theme song. Share your thoughts with us via TRP's . Get more stories like this to your inbox by signing up for our newsletter.

Don Don Donki Closing Another Outlet In Malaysia; Netizens Discuss Why
Don Don Donki Closing Another Outlet In Malaysia; Netizens Discuss Why

Hype Malaysia

time21-05-2025

  • Business
  • Hype Malaysia

Don Don Donki Closing Another Outlet In Malaysia; Netizens Discuss Why

It's common for stores to close down, but it does spark concern when they close just months after opening. Recently, there have been reports that the Don Don Donki outlet at Nu Sentral is closing down less than a year after its opening. The news first surfaced on social media, with one XiaoHongShu user posting about the closure. In the post, the user revealed that the Japanese discount store chain will close at the end of May. The store had only begun operations eleven months ago, in June 2024. The post also said that the store is offering discounts on its items to clear out its stock, but most of the stuff has sold out. While brands closing down outlets isn't uncommon, it's worth noting that this is the third Don Don Donki outlet to close down within two years. In September 2024, the store's outlet in IOI City Mall in Putrajaya ceased operations after a year and five months. As such, many netizens chimed in on the recent closures, discussing why the brand fails to sustain itself despite being a notable Japanese chain. One of the common arguments is the store's layout, which mimics that of its branches in Japan. Many said Don Don Donki stores are too crowded because of how closely placed the shelves are. Some also mentioned that the store carries too much merchandise, making it hard for customers to focus. However, it's worth noting that this crowded layout is intentional, as the company's founder wanted customers to be intrigued by all the products and buy more items. Another reason why netizens believe Don Don Donki isn't doing too well in the Malaysian market is because of its pricing. While the store is a discount chain in its home country, many said Don Don Donki in Malaysia is unaffordable to most locals. Some even argued that the same items are more expensive in Malaysia than in Japan, likely due to shipping and taxes. With this pending closure, only three Don Don Donki outlets remain in Malaysia: Lot 10 Shopping Centre, Mid Valley Megamall and Sunway Pyramid Shopping Mall. What are your thoughts on Don Don Donki closing so many outlets in a short period? Source: XiaoHongShu

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