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Search resuls for: "Daiso"


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CNN —Hirotake Yano, the Japanese billionaire founder of Daiso Industries who helped popularize the discounted dollar-shop concept, has died of heart failure. Yano’s net worth was about $1.9 billion at the time of his death, according to the Bloomberg Billionaires Index. It has grown into a retail empire, with over 4,360 stores across Japan and more than 990 overseas stores of the end of 2023, according to its website. Daiso first ventured overseas in 2001, opening branches in Taiwan and South Korea. The discount chain made over 550 billion yen ($ 3.6 billion) in sales as of February 2022, according to the privately-held company.
Persons: CNN — Hirotake Yano, Yano, Daiso Organizations: CNN, Daiso Industries, Bloomberg, Tokyo’s Chuo University, CouCou Locations: Hiroshima, Japan, Taiwan, South Korea, Australia, Indonesia, Saudi Arabia, United States, Seria
Large dollar store chains like Dollar General have gained popularity. Other chains, including some expanding to the US from abroad, attract budget-savvy customers. For some, including mid- and high-income shoppers, that's meant popping into dollar stores and other heavy discounters to buy everything from food to home goods. The dollar store chains are opening more stores to attract more customers. While Dollar General, Dollar Tree, and Family Dollar dominate the dollar store space in the US, there are other chains, including a couple of foreign competitors, worth getting to know.
Organizations: Service, Dollar Locations: Wall, Silicon
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