DAISO SINGAPORE PTE. LTD. Business Review
Business Overview
TrustScore Analysis
Our preliminary analysis has revealed key insights about DAISO SINGAPORE PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
Positive highlights
Has been operational for a few years
Has accessible contact information online
Negative highlights
- No employer brand presence on career platforms
- No official business profile found on major search engines
Corporate Information
47529
Retail sale of hardware, paint and glass n.e.c. (e.g. wood, glass, sanitary ware, Do-It-Yourself materials)
Wholesale trade of a variety of goods without a dominant product
Contact Information for DAISO SINGAPORE PTE. LTD.
DAISO SINGAPORE PTE. LTD.'s Business Reviews
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Public Preview of DAISO SINGAPORE PTE. LTD.
This is only a preview of the TrustScore results for DAISO SINGAPORE PTE. LTD., showcasing a few facets of its business that we have analysed.
Evolving Stage
A brand in its evolving stage is one that is actively growing, refining, and expanding its market presence. They have gained certain traction in establishing foothold in chosen markets. These brands have defined their core identity, mission, and values and is continuously working to scale their operations, reach new audiences and adapt to changing market dynamics. They are in the process of continuous improvement and innovation, and focusing on customers engagement and feedback.
Key Characteristics
- Established Identity: DAISO SINGAPORE PTE. LTD. has a clear mission, vision, and values but may still change or update its messaging to reflect growth or new goals.
- Growing Awareness: It has a recognisable presence in its niche or industry but is working to expand its market reach. May be investing more in advertising, social media and partnerships.
- Scaling Operations: The brand is investing in infrastructure, personnel and processes to support future growth.
- Expanding Offerings: DAISO SINGAPORE PTE. LTD. is capable of introducing new products, services, or features to meet customer needs.
- Building Loyalty: Focused on deepening and entrenching relationships with existing customers while attracting new ones.
- Adapting and aligning to feedback: DAISO SINGAPORE PTE. LTD. is actively employing customer insights and market trends to improve the business
Why It Matters
- DAISO SINGAPORE PTE. LTD. represents growth, adaptability, and potential within the retail sale of hardware, paint and glass n.e.c. (e.g. wood, glass, sanitary ware, do-it-yourself materials) sector.
- Having moved beyond the initial startup phase after 6 years, it's positioning for long-term success.
- Its ability to evolve and innovate often determines whether it becomes an industry leader.
The company's address in use by other companies, may raise concerns about the company's credibility and legitimacy. DAISO SINGAPORE PTE. LTD. has been operational for a few years, showing some level of stability. While it shows some level of stability, it may still be in the process of establishing its reputation and credibility.
DAISO SINGAPORE PTE. LTD. has no presence on career platforms and provides no public information about its work environment or employee satisfaction. This lack of transparency may indicate less focus on employee well-being or difficulty in attracting talent, potentially impacting DAISO SINGAPORE PTE. LTD.'s long-term success.
The company is not blacklisted by CaseTrust, which is a positive indicator of its credibility. The company is not on the MAS Enforcement List, which is a positive indicator of its compliance with financial regulations.
DAISO SINGAPORE PTE. LTD. has accessible contact information online, which is a positive indicator of its credibility and transparency. The company has no official business profile on major search engines. This absence makes it difficult for potential customers to verify the company's legitimacy or get in touch, potentially raising suspicions about its credibility.
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Daiso Singapore says price increases due to 'steady rise' in raw material, logistics costs
Japanese retail chain Daiso said on Friday (Apr 29) its impending price increases in Singapore are due to a steady rise in raw material costs and logistics. Known for its variety of items offered at S$2, the retailer will introduce a 15-tier pricing system on May 1 with prices ranging from S$2.14 to S$25.47 both in stores and online. The pricing system was announced on Apr 25 after Daiso said earlier this month that it will start charging a 7 per cent GST on top of its S$2 price tag for its items. "All this time, Daiso Singapore has been providing our pricing with GST included. However, in recent years, we see a steady rise in raw material costs and logistics. Due to the above reason, we will be increasing our selling price to maintain our operational cost," said a Daiso spokesperson on Friday in response to queries from CNA.
29 April 2022
Daiso Singapore to scrap S$2 prices for 15-tier system with items up to S$25.47
"We thank you for your understanding and continued support," it said in a Facebook post. The chain, which operates 29 stores in Singapore, offers products such as stationery, food, homeware and clothes. Items under the Daiso label have long been available at a flat price of S$2 while products under its Threeppy brand vary in cost. This latest update from Daiso Singapore comes after the retailer said earlier this month that it will start charging a 7 per cent GST on top of its S$2 price tag for its items.
26 April 2022
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Scam.SG's TrustScore is an AI-driven engine that evaluates a business's trustworthiness by analysing data such as customer feedback, behavioral patterns, and compliance records. This comprehensive assessment results in a numerical score reflecting the entity's reliability.
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