NAGOYA, Japan--(BUSINESS WIRE)--#Secondhandclothing--2ND STREET TAIWAN CO., LTD., a subsidiary of GEO Holdings (TOKYO:2681), is set to open 2ND STREET Xizhi iFG Mall (U-Town), on the second floor of that mall on July 23, 2021. This will be the fifth shop in Taiwan for 2^nd Street Taiwan Co., Ltd.

Within Japan, GEO Holdings has more than 2,000 shops and EC stores, including GEO Shops, which sell and rent DVDs, CD, and video games, and 2ND STREET, which handles the sales of a comprehensive selection of used products, including clothing, furniture, and appliances. Beginning in 2018, the first 2ND STREET shops outside of Japan began by opening in the United States and in Malaysia. The first shop in Taiwan opened in August of 2020, and this shop, 2ND STREET Xizhi iFG Mall (U-Town), will be the fifth.

iFG Mall (U-Town), in which this 2^nd STREET shop will open, is a mixed purpose shopping and business center, and it is also a large-scale shopping mall within walking distance of Xike Station on Taiwan Rail. In addition to shops offering Japanese brands and lifestyle goods, there are also gourmet restaurants, leisure facilities, and a supermarket. The wide variety of venues within the mall enhances the shopping pleasure there, attracting not only local customers but many people from neighboring Taipei as well.

2ND STREET Xizhi iFG Mall (U-Town) will carry approximately 9,000 luxurious items for reuse, including clothing, handbags, shoes, and accessories, carefully selected from the abundant inventory purchased at approximately 700 2ND STREET shops within Japan. Those items will include selections from Japanese designer brands as well as internationally popular luxury brands. The array of items will include reasonably priced quality selections from designer brands and boutiques in the United States and Europe as well.

The shop will be laid out, as is the case for 2ND STREET shops in Japan, in ways that categorize the different items and genres, making it easier to find what you are looking for. It will also include venues to show off and sell recent fashion trends, including street styles.

This shop will offer a purchasing service, in addition to sales. ^*1

2^nd Street Taiwan has plans to open an additional four shops by the end of March 2022.

^*1 The start time of the purchasing service is yet to be determined.

GEO Holdings

GEO Holdings is a retail business, listed in the first division of the Tokyo Stock Exchange, with 300 billion yen in annual sales. It manages more than 2,000 shops and EC stores in a wide variety of business formats, including GEO Shops that sell and rent DVDs, CDs, and video games, 2ND STREET shops that handle a comprehensive selection of used clothing, furniture, and appliances, as well as bargain shops and discount stationery stores.

See http://www.geonet.co.jp/english/ for more information.

The original source-language text of this announcement is the official, authoritative version. Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect.

Contacts

2ND STREET TAIWAN CO., LTD.

HSIAOHAN CHIEN

TEL: +886-2-2550-5222