Hirotake Yano, the billionaire founder of Japanese discount retailer Daiso, has passed away at the age of 80. He was a pioneer of the dollar shop business model, opening his first store in 1972 and growing the company to over 4,000 stores in Japan and almost 1,000 worldwide. Daiso, known for its 100 yen pricing, has had to adapt its approach to pricing and now sells goods at multiples of 100 yen.
Daiso, a wildly popular Japanese discount chain known for its affordable and high-quality products, is set to open a new store in San Francisco's Stonestown Galleria on July 22. This will be Daiso's 100th store in the U.S. and part of its expansion plans across the country. The store will offer a variety of items ranging from dishware and snacks to toys and stationery, with most products priced between $1.50 and $2. The first 100 customers who spend a minimum of $30 at the grand opening will receive surprise grab bags.
