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Analysis: A Japanese retailer with Lofty prospects

Japanese retail is not only good on its own patch – you will find some of the most attractive stores in the world here – but when Japanese concepts have travelled to other countries, they have generally gone over well. To illustrate, Muji is in 31 countries, Uniqlo is in 25, Daiso in 24, and Family Mart is in eight (Family Mart’s fiercest competitor in Japan, 7-Eleven, is universal but it originated in the US, becoming ‘Japanese’ only in 1991). In each case, the arrival of these brands