Don Quijote launches Southeast Asia foray in Singapore
A Singapore store is planned in the Orchard Road area as the Japanese discount store chain’s first Southeast Asian outlet.
Details, including the opening date, will be announced later, the Don Quijote Group says in a joint statement with Pan Pacific International Holdings, which is a subsidiary of Don Quijote Holdings. But Singapore media are saying it will be on or adjacent to Orchard Road.
Popularly known as “Donki” in Japan, the first Don Quijote general discount store opened in 1989. It has grown into a general retailing group known for having a wide range of goods at low prices, and for opening late into the night (some stores are open around the clock).
With 350 stores, the store has 300 million cumulative customers a year and annual consolidated sales topping ¥800 billion (US$7.2 billion) in Japan. Its revenue and operating profit have increased for 27 consecutive years.
Outside Japan, the group has only three stores in Hawaii, which opened in 2006.
Established in 2013, Pan Pacific International Holdings is the Singapore-based holding company for the group’s overseas business. The same year, the group acquired Marukai Corporation, which runs nine stores in California and two in Hawaii.