Nitori Holdings Japan will be opening its first store in Malaysian at Lalaport Bukit Bintang City Centre the mall opens in January next year. This will the first foray for the Japanese furniture retail store into Southeast Asia.
According to media documents sent to the press, the Nitori chain of furniture and home furnishing stores is said to be the largest retail chain in Japan, with a vision to open 3,000 stores and achieve sales of 3 trillion yen by 2032. The group also operates a “Deco Home” store that sells home furnishing products with a focus on daily necessities, a “Shimachu” home improvement store that also sells furniture, appliances, and daily items, and an “N Plus” store that sells clothing brands for adult women.
The group has opened 692 stores in Japan and 88 stores in Mainland China, Taiwan, and the United States. While the first store is scheduled to be in Lalaport, the second store in Malaysia is planned to be opened in the third quarter of 2022. The first store in Singapore will also open in March 2022 on Orchard Road, Singapore’s largest major shopping street.
This is the first step in Nitori’s expansion into the Southeast Asian market. Over the next five years, it plans to open 20 stores in Malaysia and 10 stores in Singapore
