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{{Short description|Type of Japanese shop akin to dollar store}}
'''100 Yen Shops''' (or One Coin Shops) have steadily gained in popularity over the last several years, as the economic situation in ] has worsened. 100 Yen Shops (百円ショップ hyaku-en shoppu) are everywhere, and they stock a variety of items from clothing to stationery, housewares to food, with each item priced at 100 yen. Such shops are analogous to ]s in the ]. A recent variation of the 100 Yen Shops are 99 Yen Shops, analogous to the 99 cent stores in the ]. 88 Yen stores also exist, with a notable player being ]. A ] of currently 5% is usually added, so that in reality the 100 Yen purchase costs 105 Yen.
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{{Nihongo|'''100-yen shops'''|100円ショップ|hyaku-en shoppu}} are common ]ese ] in the vein of ] ]. Stocking a variety of items such as decorations, stationery, cup noodles, slippers, containers, batteries, spoons and bowls, each item is priced at precisely ],<ref name="bowl">{{cite news |title=End of iron rice bowl |url=https://eresources.nlb.gov.sg/newspapers/digitised/article/straitstimes20000103-1.2.42.1 |work=The Straits Times |date=January 3, 2000}}</ref> which is considered attractive to Japanese consumers because it can be paid for with a single 100-yen coin. However, the current Japanese ] of 8% (food and drinks) or 10% (other items) is also added, making a 100-yen purchase actually cost 108 or 110 ].<ref name="jguide100yen">,''japan-guide.com'', 15 February 2018</ref> Larger items, like furniture and tools, may also cost more yet are still relatively affordable, usually costing less than 1000 yen.


The four major chains are ], Seria, Watts, and Can Do, which combined have over 5,500 locations across Japan as of 2012.<ref>{{Cite web|url=https://www.tofugu.com/travel/seria-100-yen-shop/|title=Seria: Japan's Best 100 Yen Shop|first=Mami|last=Suzuki|date=August 24, 2015|website=Tofugu}}</ref> A variation of the 100-yen shops are 99-yen shops.<ref>{{cite web|title=In Japan, the 99 Yen Store Becomes a Retailing Force|url=https://csnews.com/japan-99-yen-store-becomes-retailing-force|website=Convenience Store News|access-date=15 February 2018|date=13 July 2005}}</ref> ] also operates 88-yen stores. Some shops, such as ] 100, specialize in certain items, such as groceries or natural goods, but this is less common than the variety store model.<ref>{{cite web|title=Stores in Japan|url=http://lawson.jp/en/store/japan/|website=lawson.jp|access-date=15 February 2018}}</ref>
One major player is Hirotake Yano, the founder of Daiso Industries Co. Ltd., which runs the "100 Yen Plaza" chain. The first store opened in 1991, but there are around 1,300 stores in Japan, and the number is increasing by around 40 stores per month.


As of 2018, Daiso has over 2,800 stores throughout Japan, with 20-30 new stores opening every month.<ref>{{cite web|title=History|url=http://www.daisoglobal.com/about/history/|website=Daiso Global|access-date=15 February 2018|archive-url=https://web.archive.org/web/20180221165721/http://www.daisoglobal.com/about/history/|archive-date=21 February 2018|url-status=dead}}</ref><ref>{{cite web|title=Corporate Profile|url=http://www.daisoglobal.com/about/profile/|website=Daiso Global|access-date=15 February 2018|archive-url=https://web.archive.org/web/20190403080136/http://www.daisoglobal.com/about/profile/|archive-date=3 April 2019|url-status=dead}}</ref><ref>{{cite web|title=Corporate Information|url=http://www.daisostore.com.au/corporate.html|website=Daiso (Australia)|access-date=15 February 2018}}</ref> One of the largest 100-yen shops is the Daiso in the Tokyo neighborhood of Harajuku. It spans four stories and over {{convert|10,500|sqft|m2}}.<ref>{{cite news|title=Bargain hunting at Japan's 100-yen stores|url=https://www.latimes.com/travel/la-xpm-2010-jun-27-la-tr-100yen-20100627-story.html|newspaper=]|date=27 June 2010 |access-date=15 February 2018}}</ref>
The key to the success of the 100 yen stores is to buy large volume, mostly from international suppliers as for example ] and ], negotiating large discounts. This way products can be sold for 100 yen at a profit that would normaly cost up to 5 times more in regular stores. In some cases, however, products may be found more cheaply at department or grocery stores, particularly in the case of food products.


Similar shops happened to open around ] as well. In ], even department stores opened their own 10-dollar-shop (around USD1.28, JPY140) to compete in the market, and thus there are now "8-dollar-shop" (around 1.024, JPY110) in Hong Kong, in order to compete with a lower price. Note that there is no sales tax in Hong Kong, but the relative price compared with Japan and US are still higher. Similar shops have opened around other parts of ] as well, some operated by Japanese companies such as ], which now has branches in 25 countries outside of Japan.<ref>{{Cite news|url=https://www.nippon.com/en/features/jg00041/|title=Japan's ¥100 Shops|date=2016-04-23|work=nippon.com|access-date=2018-08-22|language=en}}</ref> In ], department stores have opened their own 10-dollar-shops (JPY140) to compete in the market, thus there are now "8-dollar-shops" (JPY110) in Hong Kong, in order to compete with those lower prices.{{citation needed|date=October 2015}}

100-yen shops are able to keep prices down by purchasing goods internationally and in ]. These goods come from countries with lower production costs, namely ] and ].<ref name="jguide100yen" /><ref>{{Cite web|url=http://www.daisoglobal.com/about/logistics/|title=Logistics │ About DAISO │ DAISO JAPAN|last=higuchi|website=www.daisoglobal.com|language=ja|access-date=2018-08-22|archive-date=2018-09-19|archive-url=https://web.archive.org/web/20180919130021/http://www.daisoglobal.com/about/logistics/|url-status=dead}}</ref>

==History==
The concept of stores that sell products at a uniformly low price dates back to the ], when shops selling items for 19 ] and later 38 mon were popular.<ref>{{Cite web|url=https://kotobank.jp/word/%E5%8D%81%E4%B9%9D%E6%96%87%E5%B1%8B-526582|title=十九文屋(ジュウクモンヤ)とは}}</ref><ref>{{Cite book|title=お江戸の意外な商売事情 リサイクル業からファストフードまで|last=中江|first=克己}}</ref> By the ], this had expanded to clothing stores and food stands, and stores selling only 1-yen items were not uncommon<ref>{{Cite book|title=時代を変えた江戸起業家の商売大辞典|last=ISMPublishingLab|publisher=ゴマブックス|year=2013|location=Japan|chapter=江戸っ子の品質が生んだ食料品の百円ショップ|asin=B00FKX8B4Y}}</ref>

]

The first 100-yen shop in its modern form was opened in 1985 in ], ] by Akira Matsubayashi, the founder of the company Life Standard. It was called '100-yen Shop' (100円ショップ).<ref>{{Cite book|title=100円ショップ大図鑑：生産と流通のしくみがわかる：安さのヒミツを探ってみよう|publisher=PHP研究所|year=2005|isbn=4569685587}}</ref> This model was eventually adopted by ], the founder of ], who opened the first Daiso store in 1991.

Sales of 100-yen shops were "expected to top more than 100 billion yen" in the 1999 financial year.<ref name="bowl"/>

==See also==
{{commonscat}}
* ]
* ]
** ]
* ]
* ]
* ]

==References==
{{Reflist}}

{{varietyStores}}

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{{retail-company-stub}}

Latest revision as of 13:06, 6 January 2025

Type of Japanese shop akin to dollar store
Daiso at Hanaten, Osaka
100-Emon at Kohnoike, Higashiōsaka, Osaka

100-yen shops (100円ショップ, hyaku-en shoppu) are common Japanese shops in the vein of American dollar stores. Stocking a variety of items such as decorations, stationery, cup noodles, slippers, containers, batteries, spoons and bowls, each item is priced at precisely 100 yen, which is considered attractive to Japanese consumers because it can be paid for with a single 100-yen coin. However, the current Japanese consumption tax of 8% (food and drinks) or 10% (other items) is also added, making a 100-yen purchase actually cost 108 or 110 yen. Larger items, like furniture and tools, may also cost more yet are still relatively affordable, usually costing less than 1000 yen.

The four major chains are Daiso, Seria, Watts, and Can Do, which combined have over 5,500 locations across Japan as of 2012. A variation of the 100-yen shops are 99-yen shops. Daiei also operates 88-yen stores. Some shops, such as Lawson 100, specialize in certain items, such as groceries or natural goods, but this is less common than the variety store model.

As of 2018, Daiso has over 2,800 stores throughout Japan, with 20-30 new stores opening every month. One of the largest 100-yen shops is the Daiso in the Tokyo neighborhood of Harajuku. It spans four stories and over 10,500 square feet (980 m).

Similar shops have opened around other parts of Asia as well, some operated by Japanese companies such as Daiso, which now has branches in 25 countries outside of Japan. In Hong Kong, department stores have opened their own 10-dollar-shops (JPY140) to compete in the market, thus there are now "8-dollar-shops" (JPY110) in Hong Kong, in order to compete with those lower prices.

100-yen shops are able to keep prices down by purchasing goods internationally and in bulk. These goods come from countries with lower production costs, namely China and Thailand.

History

The concept of stores that sell products at a uniformly low price dates back to the Edo period, when shops selling items for 19 mon and later 38 mon were popular. By the Meiji period, this had expanded to clothing stores and food stands, and stores selling only 1-yen items were not uncommon

Japan's first 100-yen shop

The first 100-yen shop in its modern form was opened in 1985 in Kasugai, Aichi prefecture by Akira Matsubayashi, the founder of the company Life Standard. It was called '100-yen Shop' (100円ショップ). This model was eventually adopted by Hirotake Yano, the founder of Daiso Industries Co. Ltd., who opened the first Daiso store in 1991.

Sales of 100-yen shops were "expected to top more than 100 billion yen" in the 1999 financial year.

See also

References

  1. ^ "End of iron rice bowl". The Straits Times. January 3, 2000.
  2. ^ "100 Yen Shop",japan-guide.com, 15 February 2018
  3. Suzuki, Mami (August 24, 2015). "Seria: Japan's Best 100 Yen Shop". Tofugu.
  4. "In Japan, the 99 Yen Store Becomes a Retailing Force". Convenience Store News. 13 July 2005. Retrieved 15 February 2018.
  5. "Stores in Japan". lawson.jp. Retrieved 15 February 2018.
  6. "History". Daiso Global. Archived from the original on 21 February 2018. Retrieved 15 February 2018.
  7. "Corporate Profile". Daiso Global. Archived from the original on 3 April 2019. Retrieved 15 February 2018.
  8. "Corporate Information". Daiso (Australia). Retrieved 15 February 2018.
  9. "Bargain hunting at Japan's 100-yen stores". Los Angeles Times. 27 June 2010. Retrieved 15 February 2018.
  10. "Japan's ¥100 Shops". nippon.com. 2016-04-23. Retrieved 2018-08-22.
  11. higuchi. "Logistics │ About DAISO │ DAISO JAPAN". www.daisoglobal.com (in Japanese). Archived from the original on 2018-09-19. Retrieved 2018-08-22.
  12. "十九文屋(ジュウクモンヤ)とは".
  13. 中江, 克己. お江戸の意外な商売事情 リサイクル業からファストフードまで.
  14. ISMPublishingLab (2013). "江戸っ子の品質が生んだ食料品の百円ショップ". 時代を変えた江戸起業家の商売大辞典. Japan: ゴマブックス. ASIN B00FKX8B4Y.
  15. 100円ショップ大図鑑：生産と流通のしくみがわかる：安さのヒミツを探ってみよう. PHP研究所. 2005. ISBN 4569685587.
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