Thu, Aug 23, 2001 - Page 17 News List

New thrift shop hopes to capitalize on slow economy

STAFF WRITER

While the government purports the recent poor second-quarter economic growth was partly due to slowing private consumption, one new local thrift shop hopes to change the trend by enticing consumers to spend more.

The Daiso Co Ltd (大創), a joint venture between Japanese and Taiwanese companies, said it wants to inject new life into the sagging retail market by opening two thrift stores where everything is priced at NT$50.

The venture, with an initial paid-in capital of NT$65 million, said it will offer more than 10,000 imported and local products to consumers.

Targeting female customers between 20 and 40 years old, Daiso will offer cosmetics, ceramic items, kitchenware, food stuffs and other daily use items.

The company's vice president, Yang Ting-fa (楊廷發), said the firm estimates monthly sales will initially reach NT$80 million.

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