Retail in Asia


Daiso plans to open new stores in Singapore

Japanese retailer Chain Daiso plans to open three more stores in Singapore in the next months, citing a “very steady future” and expansion potential in the city-state.

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The first concept store outside of Japan is a large flagship store at Jurong Point retail mall, opening on 25th June. The store spans over 15,000 square feet and features three brands.

Apart from Daiso brand’s affordable household and daily necessities, the Jurong Point store also sells the company’s two other brands: the environmentally-focused Standard Products, making its debut in Singapore, and Threeppy, a newly rebranded women’s line.

Meanwhile, two more Daiso stores are in the pipeline – with one store opening next month at the NEX retail mall in Serangoon, and the other opening in the Ang Mo Kio district by September.

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These additions are part of Daiso’s global expansion strategy and indicate a “very stable future for Singapore with a lot of growth,” according to Seiji Yano, president of Daiso’s parent company Daiso Industries.