Yoshitsu Co., Ltd to Open Direct-Sale Stores in the U.S.
October 11 2023 - 8:00AM
Yoshitsu Co., Ltd ("Yoshitsu" or the "Company") (Nasdaq: TKLF), a
retailer and wholesaler of Japanese beauty and health products, as
well as sundry products and other products in Japan, today
announced that the company plans to open direct-sale stores (the
“Stores”) in the U.S. The Stores will be launched in five cities,
including New York, Boston, Seattle, Las Vegas, and Los Angeles.
Yoshitsu expects the opening of the Stores to bring about increased
sales, and aspires to elevate the overall customer experience, and
strengthen customer loyalty.
The Stores are expected to be pleasant places at
which for customers may shop, with a diverse product portfolio
featuring beauty products such as cosmetics and skin care, health
products, including over-the-counter drugs and nutritional
supplements, and sundry products such as home goods, and other
products such as food and alcoholic beverages. The Stores will also
be equipped with local warehouses to support their operations.
Mr. Mei Kanayama, the Principal Executive
Officer of Yoshitsu, commented, “Launching our direct-sale Stores
in the U.S. is a transformative step for Yoshitsu. By streamlining
operations in-house in the U.S., we’re not just aiming to build
closer ties with the U.S. market, but we are also seeking to
enhance operational control to improve our service standards. We
believe that the opening of the Stores will be instrumental in
elevating our customers’ shopping experience, from their initial
interaction to post-purchase support. With this approach, we
anticipate being able to introduce premium products and services
that truly resonate with our patrons in the U.S.”
About Yoshitsu Co., Ltd
Headquartered in Tokyo, Japan, Yoshitsu Co., Ltd
is a retailer and wholesaler of Japanese beauty and health
products, sundry products, and other products in Japan. The Company
offers various beauty products (including cosmetics, skincare,
fragrance, and body care products), health products (including
over-the-counter drugs, nutritional supplements, and medical
supplies and devices), sundry products (including home goods), and
other products (including food and alcoholic beverages). The
Company currently sells its products through directly-operated
physical stores, through online stores, and to franchise stores and
wholesale customers. For more information, please visit the
Company's website at https://www.ystbek.co.jp/irlibrary/.
Forward-Looking Statements
Certain statements in this press release are
forward-looking statements, within the meaning of Section 21E of
the Securities Exchange Act of 1934, as amended, and as defined in
the U.S. Private Securities Litigation Reform Act of 1995. These
forward-looking statements involve known and unknown risks and
uncertainties and are based on current expectations and projections
about future events and financial trends that the Company believes
may affect its financial condition, results of operations, business
strategy, and financial needs. Investors can identify these
forward-looking statements by words or phrases such as "may,"
"will," "expect," "anticipate," "aim," "estimate," "intend,"
"plan," "believe," "potential," "continue," "is/are likely to," or
other similar expressions. The Company undertakes no obligation to
update forward-looking statements to reflect subsequent occurring
events or circumstances, or changes in its expectations, except as
may be required by law. In addition, there is uncertainty about the
further spread of the COVID-19 virus or the occurrence of another
wave of cases and the impact it may have on the Company's
operations, the demand for the Company's products, global supply
chains, and economic activity in general. Although the Company
believes that the expectations expressed in these forward-looking
statements are reasonable, it cannot assure you that such
expectations will turn out to be correct, and the Company cautions
investors that actual results may differ materially from the
anticipated results and encourages investors to review other
factors that may affect its future results in the Company's
registration statement and in its other filings with the U.S.
Securities and Exchange Commission.
For more information, please
contact:
Yoshitsu Co., LtdInvestor Relations
DepartmentEmail: ir@ystbek.co.jp
Ascent Investor Relations
LLCTina XiaoPresidentPhone: +1-646-932-7242Email:
investors@ascent-ir.com
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