Japan’s furniture and household retail company, Nitori, will open its first stores in South East Asia this year and plans to have 30 stores open there within five years.
SEE ALSO: Japanese sportswear brand Goldwin opens first flagship store in China
Nitori currently has 692 stores in Japan and 88 spread across Taiwan, China and the US. The furniture and household retail giant recently announced a target of 3,000 stores by 2032 and sales of ¥3 trillion (US$ 26.3 billion), with overseas expansion being a key part of the growth strategy.
SEE ALSO: Japan’s Tsutaya to open in Malaysia
The first South East Asia store will open in Malaysia in January followed by Singapore in March where Nitori will take over some of the space currently used by Nojima.
Author
JapanConsuming is a research firm specialising in Japanese retail and consumer markets. Founded in 2000, JapanConsuming has become the provider of insights on Japanese retailers and consumer trends to retailers, brands, government agencies and investors. JapanConsuming produces monthly reports to help subscribers keep up to date with the latest trends and data, and also provides in-depth reports on retail sectors, seminars on key trends and consulting on market entry, expansion strategies and future trends.