NAGOYA, Japan--(BUSINESS WIRE)--#Secondhandclothing--2ND STREET TAIWAN CO., LTD., a subsidiary of GEO Holdings (TOKYO: 2681), is set to open 2^ND Street Nangang on October 22, 2021. This will be the eighth 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 home 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, 2^ND Street Nangang, will be the eighth.

2^ND Street Nangang will open in an eastern area of Taipei, in a neighborhood known as Nangang. Nangang Station is the starting point for Taiwan�s bullet train system, and is also a hub for Taiwan Railways, the MRT subway system, and other forms of public transportation, including buses, that link the different cities in Taiwan. Nangang is home to businesses, schools, and shopping malls, and 2^ND Street Nangang is opening with Pxmart, a major supermarket chain that is unique to Taiwan.

The new store will carry more than 25,000 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. This new store will also handle children�s clothing and accessories, a first for any 2^ND STREET store in Taiwan.

The store, boasting the most floor space of any 2^ND STREET store in Taiwan, will be laid out, as is the case for 2ND STREET stores 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.

And because this store will receive regular product shipments from Japan, it will not offer purchasing services, and will be dedicated to sales.

2ND Street Taiwan has plans to open an additional shop by the end of March 2022.

2^ND Street Nangang

Opening Date: Friday, October 22, 2021, local time

Address: B1, No. 5, Lane 20, Section 2, Nangang Rd, Nangang District, Taipei City, Taiwan

Hours of Operation: 11:00 until 22:00

Floor Space: 12,063 square feet

Products on Sale: A total of more than 25,000 items, including clothing, handbags, shoes, and accessories, as well as clothing for children.

2ND STREET TAIWAN CO., LTD.

Address: 5F-11, 41 Nanjing W. Rd., Datong District, Taipei

Capitalization: 28 million NTD (a wholly-owned subsidiary of GEO Group)

Date of Establishment: August 30, 2019

Director: Sadaharu Ideguchi

Business Description: Shop Management and Wholesale Sales for Used Clothing and Accessories

2ND STREET TAIWAN CO., LTD. URLs

Shop: https://2ndstreet.com.tw
Instagram: https://www.instagram.com/2ndstreet_taiwan/
Facebook: https://www.facebook.com/2ndSTREET.TAIWAN/
LINE: https://line.me/R/ti/p/@062zihqb

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 home 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

HSIAOHAN�CHIEN

2ND STREET TAIWAN CO., LTD.

TEL: +886-2-2550-5222