Latest news with #JapaneseRetailer
Daily Mail
18-07-2025
- Business
- Daily Mail
Dollar Tree rival to open new stores in 8 states after launching 167 locations last year... see the full list
Dollar Tree rival Daiso is set to open new locations in eight states, including its first two Arkansas stores. The Japanese retailer is in the process of opening 15 locations, bringing this year's US store launch count to 44. Daiso is famous for offering over 100,000 high-quality, low-cost items in a variety of categories like food, household goods, and beauty essentials. With nearly 200 locations in the US and counting, it has shown no signs of slowing down its overseas expansion after 48 years of operation. 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. The success of these stores helped the company earn $30.9 billion in annual revenue in 2024, a significantly higher amount than the nearly $3 billion Daiso earned. Daiso is also facing tough competition from US-only stores like Trader Joe's, a chain known for viral mini totes that has recently opened a dozen new stores across 10 states. Amazon has also stepped up its retail game over the years. Daiso earned nearly $3 billion in revenue last year 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.
Wall Street Journal
10-07-2025
- Business
- Wall Street Journal
Uniqlo Owner Posts Record Nine-Month Earnings
Fast Retailing 9983 -0.89%decrease; red down pointing triangle reported record earnings for the first nine months of its fiscal year, driven by strong revenue and profit gains from Uniqlo operations in major markets including Japan, North America and Southeast Asia. Net profit for the September-May period rose 8.4% from a year earlier to 339.10 billion yen, equivalent to $2.32 billion, the Japanese retailer said Thursday.
