Yoshitsu to Accelerate its Global Expansion in Europe With New London Warehouse
Yoshitsu's New UK Warehouse Has the Capacity to Store Approximately 100 Categories of Products and Between 30,000 to 50,000 Items Every One to One and Half Months
Yoshitsu (NASDAQ: TKLF), a retailer and wholesaler of Japanese beauty and health products, as well as sundry products and other products in Japan, announced that the company has leased its first warehouse in London, United Kingdom, of approximately 2,362 square feet. Yoshitsu reported that it commenced operations at the Warehouse on October 15, 2022. The company’s new warehouse represents another significant step in its business strategy to optimize its warehouse operations and enhance customer services to support its global footprint in Europe.
Located at Unit 5, Hanover West Industrial Estate, 161 Acton Lane, London, NW10 7NB, the Warehouse has the capacity to store approximately 100 categories of products and with between 30,000 to 50,000 items every one to one and half months.
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Yoshitsu Principal Executive Officer Mr. Mei Kanayama commented on the announcement, stating:
“We are very excited to set up our first warehouse in London, following our first warehouse in the United States last month. This Warehouse will improve access to inventory and enhance the services we provide in Europe. This serves as another milestone for us in furtherance of our expansion strategy to meet global market demands. With the Warehouse operation in London, we expect to effectively fulfill the increasing demand in the European markets for our products, boost our revenue in the region, and improve our operating efficiency. Furthermore, given the importance of the European markets to our business, we may consider establishing additional warehouses in other regions in the future to serve the local markets with our high-quality products.”
View the original press release here.
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