US guitar maker Fender opens flagship store in Tokyo banking on regional growth
By YURI KAGEYAMA
Associated Press
TOKYO (AP) — Fender, the guitar of choice for some of the world’s biggest stars from Jimi Hendrix to Eric Clapton, is opening what it calls its “first flagship store” in its 77-year history. The American guitar manufacturer has chosen for its location Tokyo’s Harajuku, a hot spot for Japanese youngsters who love animation, outlandish fashion and, of course, American music. Asia-Pacific is on track to become the biggest music market in the world by 2030, and more stores are planned for the region. Fender’s Japan revenue has recorded double-digit percentage growth each year since 2015.