Japanese Two-Dollar Store Format Debuts
By George Anderson
The Vancouver Sun reports Daiso-Sangyo Co. of Japan is opening its first store in North America next week at the Aberdeen Centre mall.
The store, a 26,900 square foot unit on two levels, will sell all its merchandise at $2 Canadian. Daiso-Sangyo entry into the Canadian market is part of a joint venture it has
with the Fairchild Group, which developed and owns the Aberdeen Centre.
Daiso-Sangyo operates more than 2,500 stores in Asia and has annual sales exceeding $6.3 billion Canadian.
Moderator’s Comment: What are your thoughts about Daiso-Sangyo expanding into North America? What do you see as the future of the dollar store industry?
We can see it now, “Just a Couple of Bucks” stores offering products for sale at price points of $2 or less popping up all over the landscape.
At nearly 27,000 square feet, the new Daiso-Sangyo store will be on the large size compared to most dollar stores here in the states. It will be interesting
to see if the chain sticks to putting stores in shopping malls or finds strip mall or stand-alone locations from which to operate. [George
Anderson – Moderator]