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Article: JAPAN'S DAIDOH TO SPEED UP OPENING DIRECTLY RUN STORES IN CHINA.
- Article from:
- AsiaPulse News
- Article date:
- May 27, 2005
CopyrightCOPYRIGHT 2005 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TOKYO, May 27 Asia Pulse - Daidoh Ltd. (TSE:3205) plans to be operating 50 directly run apparel stores in China by the end of 2006, about 2.5 times its current chain of 19 shops.
Through aggressive store openings, the firm aims to tap the growing demand for high-end apparel stemming from the rising income levels in that country as well as to catch up with leading rivals such as Itokin Co. and World Co. (TSE:3596). It expects sales in China to expand to 1 billion yen (US$9.3 million) in fiscal 2006, five ...