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Tag: Ryohin Keikaku

  • Giant Muji Ginza flagship plan revealed

    Giant Muji Ginza flagship plan revealed

    Japanese anti-brand retailer Muji will open a new global concept store in Tokyo’s Ginza district next April.

    Besides a seven-storey Muji Ginza retail store, the company will open a Muji Hotel, a gallery and community space and a Muji-branded Diner on the site. It will close its existing standalone Tokyo flagship store at Yurakucho on December 2.

    Satoru Matsuzaki, president and representative director of Muji’s parent company Ryohin Keikaku, says the new Muji Ginza flagship will be a global statement for the brand with a focus on food.

    “Muji wants to connect the relationships between people and people, people and society, and people and nature through its goods and services,” Matsuzaki said in a statement.

    “Among the three most basic of human needs (clothing, food, and housing), food is perhaps the most critical, essential part of life. City dwellers, however, have become far removed from the farms, ranches and fisheries, where the food is actually produced, and have come to consume food as nothing more than mere merchandise. Many of them know neither the producers, the land nor the sea that grew the food.

    “The new global flagship store will dedicate more goods and services to food. We hope it helps customers think about the producers and production areas, taking another look at the relationship between food and people.”

    A dedicated food area on the store’s ground floor features vegetables and fruits delivered directly from the farms near Tokyo. The store will sell freshly squeezed juice or desserts made from in-store fruits. There will be a space to eat on site and the store will sell teas, spice and fruits by measure.

    A Muji Diner will open in the first basement level, focusing on simple food and featuring a salad bar. Dishes of fish, meat or wild game in season will be available for individual diners and groups.

    Muji Hotel Ginza and Atelier Muji Ginza

    Described as “anti-gorgeous, anti-cheap” the Muji Hotel Ginza promises “a great sleep at the right price”. It will be the third Muji Hotel after properties in Shenzhen and Beijing, featuring 79 guest rooms.

    The Atelier Muji Ginza will open on the building’s sixth floor, beneath the hotel, intended as a “multi-purpose facility of design and culture”.  It will comprise two galleries for exhibitions featuring craftwork and design, a salon where people can talk over coffee or drinks, a library of books related to design and arts and a lounge for events and workshops.

    To bridge the gap between the old flagship’s closure and the new Ginza concept’s opening, a mini pop-up store is planned for Marronnier Gate Ginza – half way between the two sites – trading for three months from December 12. It will stock items selected from Muji’s 7000 lifestyle basics range.

  • Muji expansion in Thailand at Siam Discovery in Bangkok

    Muji expansion in Thailand at Siam Discovery in Bangkok

    Muji Thailand has opened another store in Bangkok, its second in little more than a month.

    On Wednesday, Muji opened its doors in the Siam Discovery shopping centre.

    MUJI at Siam Discovery_3

    Yuki Yamamoto, director and GM of Muji’s parent Ryohin Keikaku Co and Naratipe Ruttapradid, senior executive VP operations division with Siam Discovery’s parent Siam Piwat (pictured) performed the opening honours.

    Mr. Yuki Yamamoto, Director and General Manager, Ryohin Keikaku Co., Ltd.  along with Miss Naratipe Ruttapradid, Senior Executive Vice President Operations Division at Siam Piwat Co., Ltd. opened the new ‘MUJI’ store at 2 nd Floor, Siam Discovery. Customers will get special offer and can buy the special exclusive tote bags at Bath of 99 only at MUJI, Siam Discovery branch.

    Muji Thailand reopened its store inside the Zen department store at Bangkok’s CentralWorld shopping centre in September. That store, which originally opened on the fifth floor of Zen in 2012, has been relocated to the fourth floor.

    It is the largest of all Muji outlets in Thailand with a floor area of 878sqm.

  • JV aims to boost Muji brand in Philippines

    JV aims to boost Muji brand in Philippines

    Specialty retailer SSI Group has signed a JV agreement with Japan’s Ryohin Keikaku in a bid to boost the Muji household supplies brand in the Philippines.

    SSI Group’s board of directors has approved the JV between its wholly owned subsidiary Stores Specialists and RKJ, dubbed Muji Philippines. It is expected to launch on April 1 with the mandate to own and run Muji stores in the Philippines.

    SSI Group says the move will enable cost efficiencies.

    Stores Specialists owns and runs specialty retailing boutiques for a range of international brands covering luxury, casualwear, fast fashion, footwear, luggage and accessories as well as personal-care brands. RKJ is engaged in the planning, development, procurement, logistics and processing of goods under the brand name Muji, as well as running Muji retail stores and wholesaling Muji goods.

    The deal is pegged at P175 million (US$3.5 million), with Store Specialists holding a 51 per cent stake. Store Specialists is investing more than P89.2 million, while RKJ is injecting up to P85.7 million.

  • Japanese retailer Muji expecting record profit

    Japanese retailer Muji expecting record profit

    Japanese retailer Muji is expected to end its latest quarter with a 10 per cent year-on-year rise in group operating profit to about 10.5 billion yen (US$95.5 million), a record for the period.

    Sales for the parent company, Ryohin Keikaku, will probably have similar growth to reach about 85 billion yen.
    During the three months, the company opened 13 stores in Japan. Sales at directly run stores rose 8.1 per cent in March and 7.3 per cent in April. The demand for Muji brand processed foods, such as pasta sauces and freeze-dried rice, has been growing since they were featured on TV. Stronger sales of storage furniture, around 30,000 yen, will probably help lift per-customer sales on average between 2000 and 3000 yen.

    Ryohin Keikaku has also performed solidly abroad, where it generates slightly more than 30 per cent of its sales. In China, which accounts for nearly half of the company’s overseas sales, same-store sales appear on track to beat the year-earlier amount by roughly 5 per cent, thanks to the popularity of lotions and other daily household items.

    Processed foods remain popular at Muji Chinese stores. By bolstering local production, the company was able to expand its food line-up in China, fueling sales growth.

    However, the yen’s appreciation will probably hurt Ryohin Keikaku’s overseas earnings.

    For the full year through to next February, Ryohin Keikaku projects a 9 per cent rise in sales to 336.5 billion yen and a 10 per cent increase in operating profit to 38 billion yen. Both would be record-breaking levels.

  • Muji India set to make history

    Muji India set to make history

    Muji India  is about to become the first Japanese retailer to open stores in the nation.

    One is planned for Mumbai, the commercial capital, and another in Bangalore, the hub of the IT industry.

    This follows the forming of a joint venture by Muji owner Ryohin Keikaku, Tokyo, with Reliance Brands, based in Mumbai.

    Ryohin Keikaku is also the first-ever Japanese retailer to receive individual approval for a direct investment from the Indian government’s Foreign Investment Promotion Board.

    Its first venture will be the Muji Palladium. Opening in 2009, Mumbai’s Palladium is one of India’s largest shopping centres, attracting more than 24 million visitors every year. It has luxury retail brands, restaurants and a food court, and is next to a five-star hotel and cinema complex. The Muji India store, scheduled to open in August, will cover about 207 sqm.

    Muji’s second outlet will be in the VR Mall next to Phoenix Market City, which has fashion stores as well as a cinema complex and restaurants. Covering about 485 sqm, the Muji store is scheduled to open in September.

  • New Muji Singapore flagship planned

    New Muji Singapore flagship planned

    A new Muji Singapore flagship store is planned – but the Japanese lifestyle brand is coy about the opening date.

    Featuring an expanded array of lifestyle concepts, the new store will measure about 3300 sqm, according to the chairman of Muji’s parent company Ryohin Keikaku, Masaaki Kanai.

    “Apart from the usual Muji products, we will have an ‘Open Muji’ concept where we invite community creators to interact and collaborate with the company, in line with our objective to create an interactive society,” said Kanai, who was a keynote speaker at the Innovation by Design Conference in Singapore.

    Muji has 10 stores already in Singapore, including a Muji To Go store at Changi Airport’s Terminal 2 and Cafe & Meal Muji, which opened at Paragon last year.

  • Nike, Muji, Adidas apply for Indian retail rights

    Nike, Adidas and Muji are among eight global companies seeking single brand retailing approval from the Indian government.

    According to a report in The Indian Express the Department of Industrial Policy and Promotion (DIPP) has received eight applications from global brands including Skechers, Kiko International, Ryohin Keikaku (Muji), Nike, Adidas and Swarovski after foreign direct investment rules were relaxed in July.

    Foreign companies can now conduct business through more than one joint venture in India, according to the newspaper.

    Since then, ITaly’s Kiko International has applied to retail beauty and skin care products, apparel, jewellery and handbags. Shoe maker Skechers and glass creator Swarovski followed.

    Swarovski, along with Nike, have previously had applications turned down – in Swarovski’s case because it wanted to sell in both cash-and-carry chains and single brand retail stores. It was told to reapply with separate applications, The Indian Express reports.

    The identity of the other two companies was not revealed.