• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there

1

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

2

Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

3

Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
Japan

Fender guitars is opening the ‘first flagship store’ in its 77-year history—in Tokyo

By
Yuri Kageyama
Yuri Kageyama
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Yuri Kageyama
Yuri Kageyama
and
The Associated Press
The Associated Press
Down Arrow Button Icon
June 29, 2023, 12:51 PM ET
Fender
Japanese guitarist Miyavi with other guests attend the opening ceremony of Fender's Tokyo store June 29, 2023. Eugene Hoshiko—AP Images

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.

Recommended Video

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. The store was unveiled to reporters Thursday ahead of its official opening Friday.

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 says. The company’s revenue in Japan has recorded double-digit percentage growth each year since 2015.

“I’ve played various brands, but what I like about the Fender is its power to help you play at more than 100% of your ability, letting you become aware of your potential and take up new challenges,” said Erino Yumiki, a guitarist, songwriter and one of the world’s many Fender artists.

“Sometimes music gets me down, but music has also saved me. The music I have encountered through my life is who I am,” said Yumiki, who owns about a dozen Fender guitars.

Although Tokyo already has many new and used guitar shops, the flagship store is designed to serve as a kind of museum-cum-amusement park for Fender lovers.

Fender says the social restrictions during the coronavirus pandemic set off a guitar boom. Its revenue in the COVID-19 years ballooned from $500 million to nearly $1 billion.

Some 30 million people picked up an electric or acoustic guitar for the first time during those years, and even if one in 10 keeps playing — as surveys show the statistics to be — it’s still solid revenue, says Fender Musical Instruments Corp. Chief Executive Andy Mooney.

Mooney, who plays guitar in a band, knows a thing or two about marketing, having worked at Nike for 20 years and shaping the Michael Jordan campaign. That was followed by 11 years at Disney, where he oversaw consumer products.

Mooney said the redefinition of sneaker retailing that happened at Nike is exactly what Fender is going through now.

The three-story store in Harajuku is filled with Fender guitars, basses and amplifiers, including some exclusive products. The basement has a concert space and coffee shop.

Musical newcomers find some stores intimidating but the Tokyo store will be friendly, Fender says, with most salesclerks being women.

There’s a clothing area called “F Is For Fender.” And the top floor is devoted to a shop for custom-made guitars, where so-called “master builders” in the U.S. will make guitars to order.

“The aging population has the time and the money to really get these custom-made instruments they’ve always wanted to buy for most of their lives but couldn’t afford when they were younger,” said Mooney, noting the potential appeal to the whole spectrum of the Japanese population, not just the youngsters usually associated with guitar-playing.

Yumiki, Miyavi — who acted in Angelina Jolie’s “Unbroken” — and about a dozen other Japanese star guitarists took the stage on Thursday, strumming together in the guitars’ equivalent of a drumroll, to celebrate the store’s opening.

Fender makes guitars in Japan, including Stratocasters, which have earned a reputation for quality. The made-in-Japan guitars will be on sale alongside those made in the U.S. and Mexico. The more affordable guitars sell for about 110,000 yen ($760).

The popularity of guitars is also being fueled by greater consumption of guitar-related content online, such as on TikTok, drawing in amateurs who play guitar as a hobby.

Fender President for Asia-Pacific Edward Cole says the tens of millions of tourists expected to flock to Japan every year are also being targeted, as are the brand-savvy consumers of Japan.

Fender wants to position itself with its new store as Chanel, Apple and other major international brands did in Tokyo, he added.

“We want people to come in here, and we want them to fall in love with the idea of playing music,” he said.

About the Authors
By Yuri Kageyama
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in

Mortgage rates today, June 11, 2026
Personal Financemortgages
Mortgage rates today, June 11, 2026
By Glen Luke FlanaganJune 11, 2026
38 minutes ago
Current refi mortgage rates report for June 11, 2026
Personal FinanceReal Estate
Current refi mortgage rates report for June 11, 2026
By Glen Luke FlanaganJune 11, 2026
38 minutes ago
Current ARM mortgage rates report for June 11, 2026
Personal FinanceReal Estate
Current ARM mortgage rates report for June 11, 2026
By Glen Luke FlanaganJune 11, 2026
38 minutes ago
SpaceX’s record IPO has Wall Street torn between a Musk ‘holy grail’ and a $72-per-share leap of faith
Startups & VentureSpaceX
SpaceX’s record IPO has Wall Street torn between a Musk ‘holy grail’ and a $72-per-share leap of faith
By Marco Quiroz-GutierrezJune 11, 2026
39 minutes ago
Bridgit Mendler speaks on stage at Fortune Brainstorm Tech 2026 in Aspen, Colorado.
Startups & VentureBrainstorm Tech
The space economy’s next frontier is in ground infrastructure, Northwood Space CEO says
By Sebastian HerreraJune 10, 2026
6 hours ago
Digital sovereignty isn’t the same thing as digital isolation. Asia’s governments should be careful
Commentarydata sovereignty
Digital sovereignty isn’t the same thing as digital isolation. Asia’s governments should be careful
By Leonard LimJune 10, 2026
11 hours ago

Most Popular

Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
Asia
Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military
By Kate O'Keeffe and BloombergJune 8, 2026
2 days ago
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
Energy
Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer
By Sasha RogelbergJune 10, 2026
13 hours ago
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
Success
Costco CEO Ron Vachris rose from forklift driver to the C-suite without a college degree: ‘Don’t chase a title’ is the career advice that got him there
By Preston ForeJune 8, 2026
3 days ago
Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
Innovation
Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
By Amanda GerutJune 9, 2026
1 day ago
Current price of oil as of June 10, 2026
Personal Finance
Current price of oil as of June 10, 2026
By Joseph HostetlerJune 10, 2026
19 hours ago
A ‘MAGA Warrior’ Texas ag chief is publicly blasting the USDA over a flesh-eating pest threatening America's beef supply
North America
A ‘MAGA Warrior’ Texas ag chief is publicly blasting the USDA over a flesh-eating pest threatening America's beef supply
By Marco Quiroz-GutierrezJune 10, 2026
22 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.