Daily Newsletter

14 December 2023

Daily Newsletter

14 December 2023

Miniso expands in US with 100th store opening

The 2,080ft² store offers its exclusive all-pink series from the brand’s IP collaborations with partners including Sanrio and Disney.

Jangoulun Singsit December 13 2023

Global lifestyle brand Miniso has expanded its presence in the US with the opening of its 100th store in the country in Florida Mall, Orlando.

The 2,080ft² store offers its exclusive all-pink series from the brand’s IP collaborations with partners including Sanrio and Disney.

Miniso’s latest Care Bear collection also makes its first US appearance at the Florida mall store.

The store is close to Orlando International Airport, Disney World and other major local attractions.

Miniso US head Tyrone Li stated: "Our aim is to bring a warm and joyful companionship to our customers throughout the winter holidays... going beyond offering lifestyle products to becoming an integral part of their holiday lifestyle, all while bringing Miniso’s joy philosophy to them. We are confident and eagerly look forward to becoming a preferred destination for holiday gift shopping among local residents."

The opening of the 100th store in the US highlights its accelerated global expansion.

In the September quarter of 2023, Miniso opened 126 new stores outside the Chinese mainland, its highest number of openings in a single quarter since 2020.

In 2023, the retailer debuted in more than ten US states, taking its presence in 20 states across the country.

Miniso opened its first US store in 2017 and plans to expand its footprint to prime and strategic locations in more US cities next year.

It operates a network of more than 6,115 stores globally.

In its fiscal 2024 first quarter result released in November 2023, Miniso reported a gross profit of 1.58bn yuan ($217.1m), an increase of 60.2% year-over-year and 22.2% quarter-over-quarter.

Personalization - a growing trend in the online retail space

Although personalization is a theme that has been present in the retail industry for decades, it has become more prevalent and important to consumers in recent years. This increase is tied to the rise of online shopping. Personalized products are currently especially prevalent in the health & beauty sector, due to the links to the health & wellness trend, which is particularly important to young consumers.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close