Weak currency may be existential threat to iconic ¥100 shops
A weaker yen pushing up the cost of imported goods, spiking energy prices and climbing raw material costs are making it harder for operators to do business.
Once a bankrupt fishmonger, Hirotake Yano is now a ¥100 shop billionaire
Selling everyday items to bargain hunters has made the founder of Japan's biggest discount store a billionaire. Hirotake Yano, founder and president of closely held Daiso Sangyo Corp., the self-described "Japanese shopping wonderland," was one of the country's first vendors to adopt a single-price model ...
