Yoshitsu Co., Ltd Announces the Launch of its U.S. Direct-Sale Store in Seattle’s University District
December 04 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 Hong Kong, mainland
China, Japan, North America, and the United Kingdom, today
announced the opening of its direct-sale store in the United States
(the “Store”). The Store, set to open on December 8, 2023, will be
located at 4514 University Way NE, Seattle, WA 98004, in the
University District adjacent to the University of Washington. The
Company believes that the opening of the Store marks a strategic
step in its global market expansion.
The Store, encompassing a floor area of 6,000
sq. ft. and featuring a range of over 8,000 stock keeping units, is
situated near I-5 Express and U District light rail station. The
Company believes that the location of the Store enhances its
accessibility, and expects the Store to play an active part in
local community events and activities. In addition, the store is
expected to be uniquely designed to cater to customers in Seattle,
with a focus on tech-related products.
Mr. Mei Kanayama, the Principal Executive
Officer of Yoshitsu, commented, “The opening of the Store in
Seattle marks a milestone in our course of global expansion. We
chose to open the Store in the University District, aiming to
engage with diverse communities in Seattle. We are excited to bring
our Japanese products to Seattle and look forward to becoming an
integral part of the local community.”
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 Hong Kong,
mainland China, Japan, North America, and the United Kingdom. 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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