Yoshitsu Co., Ltd to Launch Direct-Sale Stores in Canada
October 18 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 is set to launch direct-sale stores (the
“Stores”) in Canada. Through the opening of the Stores, the Company
expects to streamline its operational processes, improve its speed
of responding to customer preferences, and enhance its brand
awareness in the Canadian market.
The Stores in Canada are designed to cater to
the local demand for Japanese products, which will offer the
comprehensive range of products, from beauty essentials, such as
cosmetics and skincare, to health commodities, including
over-the-counter drugs and nutritional supplements. The diverse
product line will also include sundry products, such as home goods,
and other products that will include food and alcoholic
beverages.The Stores will 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 Canada is a transformative step for Yoshitsu. By expanding our
operations into Canada, we aim to not only align with the
preferences of Canadian consumers, but expect to also refine our
business model to bolster profitability. We anticipate that the
Stores will elevate the overall customer journey – from the
customers’ shopping experience to our post-purchase interactions
with them. Our aspiration is to blend Japanese craftsmanship and
quality into the Canadian retail landscape.”
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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