Tokyo Lifestyle Co., Ltd. Launches New Online Platform for Reiwatakiya Brand in the UK, Expanding European Presence
Tokyo Lifestyle (Nasdaq: TKLF) has launched a new online sales platform for its Reiwatakiya brand in the UK, accessible at reiwatakiya.uk. The platform will serve as a centralized hub for European customers to purchase Japanese health, beauty, and lifestyle products with local shipping options across Europe. This initiative represents a strategic expansion of the company's European presence, aiming to enhance brand recognition and customer loyalty while providing convenient access to Japanese lifestyle and cultural products.
Tokyo Lifestyle (Nasdaq: TKLF) ha lanciato una nuova piattaforma di vendita online per il suo marchio Reiwatakiya nel Regno Unito, accessibile su reiwatakiya.uk. La piattaforma fungerà da hub centralizzato per i clienti europei che desiderano acquistare prodotti giapponesi per la salute, la bellezza e lo stile di vita, con opzioni di spedizione locale in tutta Europa. Questa iniziativa rappresenta un'espansione strategica della presenza dell'azienda in Europa, con l'obiettivo di migliorare la riconoscibilità del marchio e la fedeltà dei clienti, offrendo al contempo un accesso conveniente ai prodotti giapponesi legati allo stile di vita e alla cultura.
Tokyo Lifestyle (Nasdaq: TKLF) ha lanzado una nueva plataforma de ventas en línea para su marca Reiwatakiya en el Reino Unido, accesible en reiwatakiya.uk. La plataforma servirá como un centro centralizado para que los clientes europeos compren productos japoneses de salud, belleza y estilo de vida, con opciones de envío local en toda Europa. Esta iniciativa representa una expansión estratégica de la presencia de la empresa en Europa, con el objetivo de mejorar el reconocimiento de la marca y la lealtad del cliente, al tiempo que se ofrece acceso conveniente a productos japoneses relacionados con el estilo de vida y la cultura.
도쿄 라이프스타일 (Nasdaq: TKLF)이 영국에서 레와타키야 브랜드를 위한 새로운 온라인 판매 플랫폼을 런칭했습니다. 해당 플랫폼은 reiwatakiya.uk에서 접근할 수 있습니다. 이 플랫폼은 유럽 고객들이 일본의 건강, 뷰티, 라이프스타일 제품을 구매할 수 있는 중앙 허브 역할을 하며, 유럽 전역에 걸쳐 현지 배송 옵션을 제공합니다. 이 이니셔티브는 회사의 유럽 내 존재감을 전략적으로 확장하는 것으로, 브랜드 인지도와 고객 충성도를 높이면서 일본의 라이프스타일 및 문화 제품에 대한 편리한 접근을 제공하는 것을 목표로 하고 있습니다.
Tokyo Lifestyle (Nasdaq: TKLF) a lancé une nouvelle plateforme de vente en ligne pour sa marque Reiwatakiya au Royaume-Uni, accessible sur reiwatakiya.uk. La plateforme servira de hub centralisé pour les clients européens souhaitant acheter des produits japonais de santé, de beauté et de style de vie, avec des options de livraison locale à travers l'Europe. Cette initiative représente une expansion stratégique de la présence de l'entreprise en Europe, visant à améliorer la reconnaissance de la marque et la fidélité des clients tout en offrant un accès pratique aux produits liés au style de vie et à la culture japonaise.
Tokyo Lifestyle (Nasdaq: TKLF) hat eine neue Online-Verkaufsplattform für die Reiwatakiya-Marke im Vereinigten Königreich gestartet, die unter reiwatakiya.uk erreichbar ist. Die Plattform wird als zentrales Hub für europäische Kunden dienen, um japanische Gesundheits-, Schönheits- und Lifestyle-Produkte zu kaufen, mit lokalen Versandoptionen in ganz Europa. Diese Initiative stellt eine strategische Erweiterung der europäischen Präsenz des Unternehmens dar, mit dem Ziel, die Markenbekanntheit und Kundenloyalität zu steigern und gleichzeitig einen bequemen Zugang zu japanischen Lifestyle- und Kulturprodukten zu bieten.
- Launch of new e-commerce platform expanding market reach to UK and Europe
- Strategic expansion of distribution network into European market
- Implementation of local shipping options across Europe
- None.
Insights
The launch of Reiwatakiya's UK online platform represents a strategic but relatively modest expansion move for Tokyo Lifestyle. While entering the European e-commerce market offers growth potential, several factors temper immediate impact:
- The company's small market cap of
$1.7M suggests resources for major market penetration - European beauty market is highly competitive with established players
- Success depends on effective localization and logistics execution
Tokyo, Nov. 13, 2024 (GLOBE NEWSWIRE) -- Tokyo Lifestyle Co., Ltd. (“Tokyo Lifestyle” or the “Company”) (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, sundry products, luxury products, electronic products, as well as other products in Hong Kong, Japan, North America and the United Kingdom, today announced the launch of a new online sales platform for its Reiwatakiya brand in the UK. The platform, available at https://reiwatakiya.co.uk, will serve as a one-stop online hub for European customers to conveniently purchase Japanese health, beauty, and lifestyle products, with local shipping options available across Europe. This launch marks a significant milestone in the Company’s ongoing regional expansion strategy.
Mr. Mei Kanayama, Principal Executive Officer of Yoshitsu, commented, “We have been planning to strengthen our European sales networks for some time, and now we are thrilled to take another significant step in our strategic expansion efforts within the European market. This new Reiwatakiya platform offers fast and convenient shopping and shipping channels, allowing local customers to easily access Reiwatakiya’s high-quality, innovative, and trend-leading products that showcase the distinct elements of Japanese lifestyle and culture. This platform will also serve a key strategic pillar in our broader expansion strategy, enhancing Yoshitsu’s brand recognition and customer loyalty in Europe, while reinforcing our international presence. We believe our premium products will resonate with local consumers, helping to establish Reiwatakiya as a trusted and popular brand in the European market.”
About Tokyo Lifestyle Co., Ltd.
Headquartered in Tokyo, Japan, Tokyo Lifestyle Co., Ltd. (formerly known as Yoshitsu Co., Ltd) is a retailer and wholesaler of Japanese beauty and health products, sundry products, luxury products, electronic products, and other products in Hong Kong, 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. 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:
Tokyo Lifestyle Co., Ltd.
Investor Relations Department
Email: ir@ystbek.co.jp
Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1-646-932-7242
Email: investors@ascent-ir.com
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