Tokyo Lifestyle Co., Ltd. Unveils Exciting New Direct Store Destination in Hong Kong!

Tokyo, Jan. 08, 2025 (GLOBE NEWSWIRE) — Tokyo Lifestyle Co., Ltd. (“Tokyo Lifestyle” or the “Company”) (Nasdaq: TKLF), a dealer and supplier of Japanese beauty and health items, miscellaneous products, luxury goods, electronic merchandise, as well as additional items in Hong Kong, Japan, North America, and the United Kingdom, today revealed the forthcoming launch of a new directly-operated retail outlet under its flagship brand, “Tokyo Lifestyle” (the “Store”), in Wan Chai, Hong Kong. This growth is anticipated to further bolster the Company’s market presence and amplify its brand visibility in Hong Kong.

The Store is slated to debut in mid-January 2025, offering top-notch, contemporary items alongside an exciting, engaging lifestyle shopping experience for consumers in Hong Kong. The Store will be situated at Shop 340-341, 3/F, Hopewell Mall, No. 15 Kennedy Road, Wan Chai, Hong Kong. Hopewell Mall, a commercial hub and favored spot for shopping and tourism, is in proximity to a subway station and other principal public transportation centers. Surrounded by office complexes, residential neighborhoods, and hotels, we believe this location benefits from substantial foot traffic and commercial viability, providing greater convenience and diversity for shoppers.

Mr. Mei Kanayama, Principal Executive Officer of Tokyo Lifestyle, remarked: “We are excited to launch a new Tokyo Lifestyle outlet in Wan Chai as part of our growing network of directly-operated stores in Hong Kong. This new location marks a strategic milestone in enhancing our brand and market visibility. With a carefully designed layout within this popular shopping destination, we are confident that Tokyo Lifestyle will continue to resonate with local shoppers. Our objective is to deepen brand familiarity, retain loyal clientele, and attract new customers by consistently providing high-quality fashion and lifestyle offerings. We believe this dedication to quality will facilitate further expansion and yield lasting value for our future growth.”

About Tokyo Lifestyle Co., Ltd.

Based in Tokyo, Japan, Tokyo Lifestyle Co., Ltd. (previously known as Yoshitsu Co., Ltd) operates as a seller and supplier of Japanese beauty products, health items, miscellaneous goods, luxury items, electronic merchandise, and more in Hong Kong, Japan, North America, and the United Kingdom. The Company provides a range of beauty products (comprising cosmetics, skincare, fragrances, and body care items), health products (including over-the-counter medications, dietary supplements, and medical supplies and devices), miscellaneous goods (including household items), and other products (including food and alcoholic beverages). The Company currently distributes its products through directly-operated physical stores, online platforms, and to franchised outlets and wholesale clients. For further information, please visit the Company’s website at https://www.ystbek.co.jp/irlibrary/.

Forward-Looking Statements

Certain remarks in this press release are anticipated statements, within the context of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These anticipated statements entail known and unknown dangers and uncertainties and are based on present expectations and projections regarding forthcoming events and financial trends that the Company believes could influence its financial state, operational results, business strategy, and financial requirements. Investors can recognize these anticipated statements by terms or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or similar expressions. The Company assumes no responsibility to update anticipated statements to mirror subsequent events or circumstances, or changes in its expectations, except as legally required. While the Company believes that the expectations stated in these anticipated statements are rational, it cannot guarantee that such expectations will be accurate, and the Company warns investors that actual outcomes may differ significantly from the projected results and encourages them to review additional factors that might impact its future outcomes in the Company’s registration statement and in its other submissions to the U.S. Securities and Exchange Commission.

For further details, please reach out:

Tokyo Lifestyle Co., Ltd.
Investor Relations Department
Email: [email protected]

Ascent Investor Relations LLC
Tina Xiao
President
Phone: +1-646-932-7242
Email: [email protected]