| Revision as of 02:27, 17 October 2003 editChris 73 (talk | contribs)25,597 editsNo edit summary← Previous edit | Revision as of 02:59, 17 October 2003 edit undo218.188.0.150 (talk) added boom of 100-yen shop in AsiaNext edit → | ||
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| '''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, analougus to the 99 cent stores in the ]. A ] of currently 5% is usually added, so that in reality the 100 Yen purchase costs 105 Yen. | '''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, analougus to the 99 cent stores in the ]. A ] of currently 5% is usually added, so that in reality the 100 Yen purchase costs 105 Yen. | ||
| Similar shops happened to open around Asia as well. In Hong Kong, 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. | |||
Revision as of 02:59, 17 October 2003
100 Yen Shops (or One Coin Shops) have steadily gained in popularity over the last several years, as the economic situation in Japan 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 dollar stores in the United States. A recent variation of the 100 Yen Shops are 99 Yen Shops, analougus to the 99 cent stores in the United States. A sales tax of currently 5% is usually added, so that in reality the 100 Yen purchase costs 105 Yen.
Similar shops happened to open around Asia as well. In Hong Kong, 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.