Finally, Seria (TSE:2782, Financial) is a discount retailer that sells single products at 100 Yen, akin to dollar stores in the U.S. We believe Seria is the highest quality player that is taking share in the market given its strong merchandising competence based on state-of-the-art systems and processes. Seria’s industry has ample room to consolidate, and we believe the company will be a major beneficiary of this trend.
From Wasatch International Growth (Trades, Portfolio) Fund's third quarter 2015 commentary.
