Tokyo Lifestyle Co., Ltd. Launches New Online Platform for Reiwatakiya Brand in Canada, Expanding North American Presence
Rhea-AI Summary
Tokyo Lifestyle (Nasdaq: TKLF) has launched a new online sales platform for its Reiwatakiya brand in Canada, accessible at reiwatakiyatoronto.com. The platform serves as a comprehensive online destination for North American customers, offering authentic Japanese health, beauty, and lifestyle products with local shipping options across North America. This initiative marks a significant milestone in the company's regional expansion strategy, aiming to strengthen the brand's influence and establish a foundation for growth in the North American market.
Positive
- Expansion into Canadian market through new e-commerce platform
- Enhanced market reach through North American shipping capabilities
- Strategic advancement in key North American market
Negative
- None.
News Market Reaction – TKLF
On the day this news was published, TKLF gained 17.33%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Tokyo, Nov. 14, 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 Canada. The platform, available at https://reiwatakiyatoronto.com, will serve as a one-stop online hub for North American customers, offering authentic Japanese health, beauty, and lifestyle products with local shipping options across North America. This launch represents a major milestone in the Company’s regional expansion strategy.
Mr. Mei Kanayama, Principal Executive Officer of Tokyo Lifestyle, commented, “The North American market has been a strategic focus for us, and with this new platform, we are excited to deepen our presence in the region. The Reiwatakiya platform provides fast, convenient shopping and shipping across North America, allowing customers easy access to premium Japanese products and an exceptional shopping experience. This initiative underscores our commitment to strengthening Tokyo Lifestyle’s brand influence and establishing a solid foundation for continued growth in this key market. We believe the Reiwatakiya brand will resonate with local consumers and establish a trusted, stylish image.”
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
FAQ
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