Retail News CRM

Tag: Nitori

  • Nitori to launch in the Philippines

    Nitori to launch in the Philippines

    Japanese furniture retailer Nitori will launch its first presence in the Philippines with a store planned to open next month, as part of its plan to push growth in Asia countries.

    The 1100sqm facility will be at the Mitsukoshi BGC shopping area in Manila. The company plans to operate 50 outlets in the Philippines by 2032.

    Nitori unveiled its plan to expand in Asia last year after opening stores in Malaysia and Singapore in 2022. The plan included the Philippines, Thailand, Vietnam, Indonesia and South Korea.

    Headquartered in Japan’s Tokyo, Nitori operates across the globe with stores mainly in Japan and China.

    Based on the goal statement “to enrich the homes of people all over the world”, Nitori’s vision is to open 3000 stores and reach sales of 3 trillion yen (US$20 million) by 2032.

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  • Japan’s Nitori to open flagship store in Shanghai

    Japan’s Nitori to open flagship store in Shanghai

    Japanese furniture and home decoration brand Nitori will open a flagship store in Xujiahui, Shanghai.

    With an area of 8,000 square meters, this store is the old location of Best Buy. It is reportedly Nitori’s first flagship store in China after its brand re-design.

    Founded in 1967, Nitori is one of the largest home supplies chains in Japan. The company was listed on Tokyo Stock Exchange in 2002 and started fast expansion in the domestic Japanese market after that.

    In 2003, its number of stores was over 100 for the first time. At present, its main businesses include home decoration, house renovation and online shopping.

    Nitori entered China in 2004 by launching a logistics center in Shanghai and the company launched its online shopping business Nitori Net in September 2004. The company’s first Chinese physical store was opened in Wuhan, Hubei province in 2014, marking Nitori’s formal beginning of its Chinese business. So far, Nitori has over ten stores in cities like Shanghai, Hangzhou, and Ningbo.

    In regards to future expansion, Nitori plans to have 100 stores in China by 2020.

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  • Takashimaya Duty Free Shop opening soon

    Takashimaya Duty Free Shop opening soon

    Takashimaya Duty Free Shop, Tokyo’s latest downtown duty-free store, will open late next month.

    The 2800 sqm retail outlet is a JV between department store company Takashimaya, travel retailer ANA Trading and Hotel Shilla. It will be on the 11th floor of the new Takashimaya Times Square development, in the Shinjuku area.

    Other major downtown duty-free projects scheduled to open in Tokyo include Japan Duty Free Ginza and Lotte Duty Free Tokyo Ginza.

    Takashimaya Duty Free Shop is directly connected to Shinjuku Station and to Shinjuku Expressway Bus Terminal, allowing easy access to Tokyo’s airports.

    A spokesperson for The Shilla Duty Free says Japanese cosmetics will be a key focus of the store. There will also be a tax-free zone for Japanese brands including cosmetics, food/confectionery, souvenirs, fashion and electronics.

    Goods bought at downtown duty-free stores must be collected at Narita or Haneda airport, while tax-free Japanese-made items can be collected in the stores.
    Chinese group tours will be a target audience, with Takashimaya Duty Free establishing infrastructure such as bus parking spaces, and developing offers to appeal to such visitors.

    A&S Takashimaya Duty Free Company was established last June, with Takashimaya holding a 60 per cent stake, with ANA Trading and Shilla each holding 20 per cent.

    Takashimaya Times Square includes a Takashimaya department store, brands like Nitori, Tokyo Hands and Uniqlo, as well as restaurants and a spa avenue.

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