Daiso stores to penetrate Israeli retail market
In this article (5)
Japanese “dollar store” chain Daiso is about to enter the Israeli retail market, to be run by the Union Group, the franchise holder for Cos and H&M in Israel and the official importer for Toyota and Lexus.
Founded in 1977, Daiso will be competing in Israel with chains such as Hastock and Max Stock. It is expected to offer 100,000 products at a fixed low price, including designer products and accessories for the home, toys, design aids, work tools, gardening tools, electronic products, auto products, sewing tools and animal accessories. Most are made exclusively for the Japanese chain’s private label.
Daiso has 4900 stores in 26 markets, 3000 of them in Japan. The company’s revenue totalled $4 billion in 2015.
Daiso’s most popular items are batteries and small products for the home.
Questions & Answers
Q.Which company will be responsible for operating Daiso stores in Israel?
Which company will be responsible for operating Daiso stores in Israel?
The Union Group will run the Daiso stores in Israel. This group already holds franchises for brands like Cos and H&M in the country and is the official importer for Toyota and Lexus.
Q.What kind of product range can customers expect to find in Daiso stores?
What kind of product range can customers expect to find in Daiso stores?
Daiso stores are expected to offer around 100,000 products, including home accessories, toys, work tools, gardening tools, electronic and auto products, sewing tools, and animal accessories. Most are private label items.
Q.How many Daiso stores currently operate globally?
How many Daiso stores currently operate globally?
Daiso currently operates 4,900 stores across 26 different markets worldwide. Of these, 3,000 stores are located within Japan, where the chain was founded in 1977.
Q.What is Daiso's financial performance like, according to the article?
What is Daiso's financial performance like, according to the article?
In 2015, the company's total revenue reached $4 billion. Their most popular items are identified as batteries and various small products designed for the home.
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