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With Demand For Japanese Beauty Products Growing, Yoshitsu Sets Its Sights On The US, Gears Up For More Brick-And-Mortar Expansion

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6 months ago

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–News Direct–

By Meg Flippin, Benzinga

The Japanese beauty market is growing as consumers from the U.S. to England seek to get their hands on a class of products with a reputation in the marketplace for being high-quality, effective and long-lasting. These beauty products also offer consumers a minimalist approach to skincare instead of a multi-step, complicated morning and bedtime routine. It is something consumers are increasingly embracing.

Endorsements from social media influencers and celebrities are also helping drive demand for Japanese-based beauty products in the U.S. and beyond. As of 2022, the global J-beauty products market size was valued at $33.11 billion and is projected to grow at a CAGR of 3.9% from 2023 through 2030.

That strong demand for J-beauty products is an opportunity for Japanese health and beauty companies including Yoshitsu Co., Ltd. (NASDAQ: TKLF). The company makes and sells beauty, health and household products to consumers and businesses, operating physical and online stores in Japan, Hong Kong, China and Korea. Yoshitsu also operates franchise stores in the U.S., Canada and the U.K. and is focused on expanding more in the U.S., building on the momentum it had in 2023.

USA In Its Sights

Our primary focus in 2024 will be on brand expansion, particularly in the United States. We plan to open more flagship stores, offering an unparalleled shopping experience that showcases the essence of our brand, Mei Kanayama, the principal executive officer of Yoshitsu, said in a recent letter to shareholders. Building on our successful launches in 2023, we plan to inaugurate more direct-sale stores in key cities including New York, Boston, Las Vegas and Los Angeles. The move is a critical step in our global expansion strategy. We expect these stores to not only serve as retail outlets but also as cultural ambassadors of the unique value and exceptional quality that Yoshitsu represents. We hope the flourishing of our direct-sale model will develop deeper customer connections and enhance our brand awareness in the local market.

Yoshitsu is taking a multi-prong approach to build its brand awareness in the U.S. and drive sales. For starters, it is inking alliances with established retailers in the U.S. to get the word out about its products. Among these alliances is Yoshitsus deal with CROSSING Inc., the Los Angeles-based collectible card retailer and live-streaming distributor.

As part of the deal reached last fall, CROSSING has the exclusive rights to procure and distribute Yoshitsus products through its sales channels including live-streaming e-commerce channels and online shops. Seen as a springboard for future similar alliances, Yoshitsu said at the time that the alliance is a mechanism to amplify the companys visibility in the U.S. market, elevate its brand and drive customer demand.

Reaching US Consumers Directly

In addition to selling its products through partners' sales channels, Yoshitsu is also reaching consumers directly in the U.S. by opening up retail locations in big cities around the country. The goal is to launch stores in New York, Boston, Seattle, Las Vegas and Los Angeles. In December it opened its first U.S. store in Seattle near the University of Washington. The U.S. flagship store is 6,000 square feet, featuring a range of more than 8,000 in-stock items, and is located near the expressway and the light rail station, which enhances accessibility, the company said.

To cater to local customers, Yoshitsu said the store sells a lot of tech-related products. In New York, Yoshitsu plans to focus on introducing a variety of cosmetics that cater to international tastes, and in Las Vegas, the store displays and counters will be full of products for customers traveling to Sin City.

The goal with its U.S. stores is to stock them with a diverse portfolio of products including cosmetics, skincare, over-the-counter drugs, nutritional supplements, home goods, food and alcoholic beverages. The stores will also have a local warehouse to support operations. Yoshitsu also created two new subsidiaries in the U.S.: Tokyo Lifestyle Holding Inc. and REIWATAKIYA BOS LLC. The company said it will use the two units to grow in the U.S., streamline international logistics and improve cross-border communications. With a local U.S. presence, the company has established a broad U.S. presence to better meet domestic U.S. market demands.

Launching our direct-sale Stores in the U.S. is a transformative step for Yoshitsu. By streamlining operations in-house in the U.S., were not just aiming to build closer ties with the U.S. market, but we are also seeking to enhance operational control to improve our service standards, said Kanayama. We believe that the opening of the Stores will be instrumental in elevating our customers shopping experience, from their initial interaction to post-purchase support.

Featured photo courtesy of Yoshitsu.

Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.

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View source version on newsdirect.com: https://newsdirect.com/news/with-demand-for-japanese-beauty-products-growing-yoshitsu-sets-its-sights-on-the-us-gears-up-for-more-brick-and-mortar-expansion-976134674

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Trivolve Tech and Quixy joins hands to Revolutionize Forensic Systems in India on Cardano

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9 hours ago

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October 22, 2024

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Hyderabad, India, 22nd October 2024, ZEX PR WIRE, Trivolve Tech, a blockchain and AI product studio and Quixy, a leader in no-code/low-code enterprise solutions, , have officially partnered to co-develop cutting-edge forensic management systems for state governments across India. This collaboration aims to revolutionize the handling and integrity of forensic evidence by integrating Cardano blockchain technology and Zero-Knowledge Proofs (ZKP) into evidence management systems.

The project will initially focus on the Uttar Pradesh state government, which handles over one million forensic cases annually. The key objective is to enhance the forensic chain of custody—a process crucial for ensuring the authenticity and integrity of forensic evidence presented in court.

Addressing the Challenges in Forensic Evidence Management

Forensic departments in India face significant challenges in maintaining the chain of custody for evidence. Current centralized systems are vulnerable to tampering and unauthorized access, posing risks to the credibility of evidence in legal cases. The joint venture between Quixy and Trivolve Tech addresses these challenges by developing a decentralized solution leveraging Cardano’s smart contracts and Zero Knowledge Proofs. This approach ensures that every step in the chain of custody is immutably recorded on the blockchain, providing an unprecedented level of transparency and security.

Integrating Cardano Blockchain for Enhanced Security and Scalability

Cardano, one of the most decentralized and sustainable blockchain platforms, will be integral to the forensic management system through its cryptographic hashing. Cardano operates on a proof-of-stake (PoS) consensus mechanism, which makes it 99.99% more energy-efficient than Bitcoin and Ethereum. This sustainability, coupled with security, positions Cardano as an eco-friendly option for large-scale projects like this one.

Rahul Konudula, CEO of Trivolve Tech, commented, “By integrating Cardano blockchain with forensic management, we are providing a game-changing solution that improves transparency, accountability, and security for law enforcement agencies. This collaboration could set the standard for forensic evidence management across India’s 28 states and 8 union territories.”

About Quixy

Quixy is a no-code/low-code platform that helps organizations automate business processes and build enterprise applications faster with fewer resources. With over 26,000 no-code apps and 200,000 users, Quixy is one of India’s leading software companies.

About Trivolve Tech

Trivolve Tech is a product development studio solving real-world problems through Blockchain and AI. They integrate blockchain into enterprises and government operations, driving innovation and sustainable growth while enhancing liquidity by tokenizing Real World Assets.

For more information, please visit:
Quixy – https://quixy.com/

Trivolve Tech – https://trivolvetech.com/

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The importance of QuickBooks file repair: Damaged QuickBooks files can disrupt business operations, making it challenging to access financial data

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9 hours ago

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October 22, 2024

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Brandon, MB, 22nd October 2024, ZEX PR WIRE, QuickBooks is an incredibly robust accounting tool, capable of handling a variety of financial tasks. However, like any software, it is susceptible to encountering issues, including file corruption. A damaged QuickBooks file can significantly disrupt business operations, making it challenging to access financial data, create reports, or process transactions. QuickBooks file repair is a powerful process designed to effectively address these issues and restore the integrity of your data.

Some common reasons include power failures or system crashes during QuickBooks usage can lead to file corruption. Another common reason is if the company file grows over time, it may become too large, causing performance issues or data corruption. Issues with hardware or bad sectors on the hard drive can lead to file damage.

Incompatible software or updates can occasionally interfere with QuickBooks, resulting in file corruption. 

QuickBooks provides a built-in tool called QuickBooks File Doctor, designed to identify and repair common issues related to file corruption. This tool can be downloaded and run to fix network and data file issues, offering a simple and effective solution in many cases.

If the file is too corrupted to repair, restoring from a recent backup can save your data. Regular backups are essential as they provide a safeguard in case of severe damage. 

QuickBooks includes a “Rebuild Data” feature that can resolve minor data corruption issues. This tool automatically scans the company file for inconsistencies and fixes them, ensuring the file is in good shape.

In cases of severe file damage or when internal tools fail to resolve the issue, consulting a professional QuickBooks repair service may be necessary. These services specialize in repairing damaged files and recovering lost data, ensuring minimal disruption to your business.

QuickBooks file repair is crucial when your data is compromised. By using built-in tools like QuickBooks File Doctor, restoring backups, or seeking professional help, you can effectively recover from file corruption and ensure business continuity.

For professional expertise on repairing a damaged QuickBooks file, visit https://quickbooksrepairpro.com/quickbooks-data-recovery.aspx

About QuickBooks Repair Pro

QuickBooksRepairpro.com is a leading QuickBooks File Repair and Data Recovery, QuickBooks Conversion, QuickBooks Mac Repair, and QuickBooks SDK programming services provider in North America, serving thousands of business users all over the world. With over 20 years of experience with Intuit QuickBooks, QuickBooksRepairpro.com assists QuickBooks users and small businesses with a variety of services and work with the US, UK, Canadian, Australian (Reckon Accounts), and New Zealand versions of QuickBooks (PC and Mac platforms).

For more information, visit https://quickbooksrepairpro.com/

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Optimizing your QuickBooks file is crucial for ensuring your accounting software runs efficiently, protecting data integrity, and facilitating smoother operations

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9 hours ago

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October 22, 2024

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Kingston, 22nd October 2024, ZEX PR WIRE, As businesses grow, so do their financial records, often leading to larger QuickBooks company files. While QuickBooks is designed to handle substantial data, file optimization is crucial for maintaining efficiency and performance. 

 Large company files can slow down QuickBooks, leading to lagging responses when entering data, generating reports, or running payroll. Optimization helps reduce file size and improve system speed, allowing for smoother operations.

Over time, as files grow and become fragmented, the risk of data corruption increases. Regular optimization can help maintain file integrity, reducing the likelihood of encountering issues that can lead to data loss.

 A smaller, optimized file takes less time to back up and restore, which is critical during system updates or when recovering from a crash. This can save valuable time and resources, especially during busy financial periods.

File optimization makes it easier to manage and navigate your financial records. By condensing and organizing data, users can quickly access the information they need without wading through excessive amounts of data.

Optimized files allow for quicker and more accurate financial reporting, ensuring that your business remains compliant with tax regulations and internal policies. This efficiency is vital for audits and decision-making processes.

Use QuickBooks’ built-in “Condense Data” feature to remove historical transactions and reduce file size while retaining necessary data. Schedule regular maintenance checks to identify and repair data integrity issues. Utilizing tools like QuickBooks File Doctor can help identify potential problems early. Regularly review and archive old transactions that are no longer needed for day-to-day operations, which can significantly reduce file size. Keep an eye on your company file size and set thresholds for when optimization is needed to prevent performance degradation.

Optimizing your QuickBooks file is crucial for ensuring your accounting software runs efficiently, protecting data integrity, and facilitating smoother operations. Regularly implementing optimization strategies can lead to significant benefits, allowing your business to focus on growth and success.

https://quickbooksrecovery.co.uk/quickbooks-file-data-services/quickbooks-file-optimization-service/ 

About E-Tech

E-Tech is the leading service provider of QuickBooks File Repair, Data Recovery, QuickBooks Conversion and QuickBooks SDK programming in the UK and Ireland. In our 20 years plus of experience with Intuit QuickBooks, we have assisted over a 1000 satisfied customers with their requirements.

We offer a range of services for existing QuickBooks users and provide comprehensive solutions for small businesses. Additionally, our expertise covers the US, UK, Canadian, Australian (Reckon Accounts), and New Zealand versions of QuickBooks (PC and Mac platforms).

For media inquiries regarding E-Tech, individuals are encouraged to contact Media Relations Director, Melanie Ann via email at Melanie@e-tech.ca. 

To learn more about the company, visit: www.e-tech.ca

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