News

Miniso Focuses on Expanding Its Presence in the American Market

Miniso Focuses on Expanding Its Presence in the American Market
Written by Techbot

Skip to content

On May 17th, Zhang Jingjing, the Chief Financial Officer of Miniso, a Chinese retailer of household consumer goods, stated in an interview that the US market will be a key focus for future expansion.

The US has a huge consumer market and a high inflation environment which is conducive to attracting more customers. Miniso will open a flagship store this week in Times Square, New York. The company will keep most of its supply chains in China.

SEE ALSO: Miniso Launches the First New Concept Store in Indonesia

Miniso announced yesterday that it achieved a revenue of RMB 2.954 billion (USD 420 million) in the third quarter of the 2023 fiscal year, an increase of 26.2% year-on-year; adjusted net profit was RMB 483 million (USD 69 million), an increase of 336.3% year-on-year.

As of March 31st, the number of Miniso stores reached 5,514, an increase of 401 compared to last year and an increase of 74 compared to the previous month.

Sign up today for 5 free articles monthly!


Pandaily Substack subscribe

limit access

You have reached your free article limit.

Subscribe now to get unlimited access.

Subscribe now

We also support Hindi language, do you want change to it?

हम यह भी हिन्दी भाषा का समर्थन है, आप इसे करने के लिए परिवर्तन करना चाहते हैं?

Yes(ह)

We also support Punjabi language, do you want change to it?

ਸਾਨੂੰ ਇਹ ਵੀ ਪੰਜਾਬੀ ਭਾਸ਼ਾ ਨੂੰ ਸਹਿਯੋਗ ਹੈ, ਤੁਹਾਨੂੰ ਇਸ ਨੂੰ ਕਰਨ ਲਈ ਤਬਦੀਲੀ ਚਾਹੁੰਦੇ ਹੋ?

Yes(ਜ)

We also support Bengali language, do you want change to it?

আমরা বাংলা ভাষা সমর্থন, আপনি এটি পরিবর্তন করতে চান?

Yes(হ)

We also support Burmese language, do you want change to it?

ငါတို့သည်လည်း, မြန်မာဘာသာစကားကိုထောကျပံ့သငျသညျကအပြောင်းအလဲလိုသလဲ

Yes(ဟုတ်ကဲ့)

We also support Nepali language, do you want change to it?

हामी पनि नेपाली भाषा समर्थन, तपाईं यसलाई परिवर्तन गर्न चाहनुहुन्छ?

Yes(ह)

We also support Tagalog language, do you want change to it?

Sinusuportahan din namin ang Tagalog wika, ang gusto mong pagbabago dito?

Yes(oo)

We also support Malay language, do you want change to it?

Kami juga menyokong bahasa Melayu, adakah anda mahu perubahan kepadanya?

Yes(yes)

We also support Indonesian language, do you want change to it?

Kami juga mendukung bahasa Indonesia, apakah Anda ingin perubahan untuk itu?

Yes(Iya)

We also support Thai language, do you want change to it?

นอกจากนี้เรายังสนับสนุนภาษาไทย, คุณต้องการที่เปลี่ยนแปลงไปได้หรือไม่

Yes(ใช่)

Original Article:

About the author

Techbot