Japanese variety retailer Daiso opened its first corporate Canadian location in downtown Vancouver. Daiso's downtown Vancouver location will be used to test the Canadian market, before the Japanese variety retailer expands nationwide. In 2003, the Japanese variety retailer franchised a Daiso store in Vancouver's Richmond suburb, but was converted to an Oomono in 2019.
Daiso's downtown Vancouver location will occupy a 4,700 square foot space. In Daiso's downtown Vancouver location, a variety of everyday products like cosmetics, home goods, and stationery will be sold. Some traditional Japanese items, such as origami paper will also be sold at Daiso's downtown Vancouver store.
Most of the products at Daiso's downtown Vancouver store are imported from Japan. Some of the store's high-quality product assortment will be bought from Canada or the US.
Japanese Retailers in Canada
Daiso Opened its Very First Canadian Location in Vancouver
Trend Themes
1. Japanese Retail Expansion - As Japanese retailers like Daiso continue to expand into new markets like Canada, there is an opportunity for disruptive innovation in retail operations and supply chains.
2. Imported Japanese Products - As Daiso and other Japanese retailers bring an increasing number of traditional Japanese products to new markets, there is a disruption opportunity in the import and distribution of these unique goods.
3. Variety Retail Stores - As variety retailers like Daiso become more prevalent in new markets, there is an opportunity for disruptive innovation in the creation and marketing of unique and affordable product assortments.
Industry Implications
1. Retail Industry - As Japanese retailers continue to expand into new markets, the retail industry has an opportunity for disruptive innovation in adjusting to the demands of a global marketplace.
2. Import and Distribution Industry - As more unique Japanese products make their way to global markets, the import and distribution industry has an opportunity for disruptive innovation in optimizing supply chains and logistics.
3. Stationery and Home Goods Industry - As variety retailers like Daiso become more prevalent in new markets, the stationery and home goods industry has an opportunity for disruptive innovation in creating and marketing affordable and unique products.