Agencies – Hirotaki Yano, founder of Daiso, known in Japan as the 100-yen everything store, died of heart failure at the age of 80 today, February 12. The concept of the low-priced store was first created in 1972. The everything sale is no different from a Dollar Tree sale in the United States or a pound store in England. Currently open in 26 countries around the world.
Hirotaki Yano, founder of budget store Daiso, was reported by the Associated Press today (February 20). Daiso, the company known in Japan for its everything-for-100-yen stores, which are similar to Dollar Tree stores in the United States or British pound stores that sell everything for one price, has died at the age of 80. He said in a statement on Monday (19)
Yano first founded his company in 1972 in Hiroshima, before changing its name to Daiso in 1977.
The BBC further reported that Daiso achieved success in the 1990s, when the Japanese economy was faltering and customers were paying more attention to prices.
According to the report, it turns out that the founder, Yano, and his wife decided to price each product at 100 yen because they discovered that it took a lot of time to price each product in the store.
The Japan Times reported that the first overseas Daiso store was opened in Taiwan in 2001, and today Daiso enjoys wide fame abroad, with 4,360 stores in Japan and 990 stores in Asia and the United States. Including Australia and in the Middle East in the United Arab Emirates
The AP further reported that Yano graduated from Chuo University. The University of Tokyo asserts that the 100-yen everything store business model can boost consumer spending. It also makes shopping no longer boring. It is also beneficial for economic growth
The family that founded the Daiso store said in a statement: A private funeral ceremony will be held for the family, without announcing other details.
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