Find in the news:
BY COUNTRY

MINISO aggressively takes over the European market



Chinese retailer, known for a vast number of fast opening stores, is actively exploring European markets.
MINISO store - Depositphotos

According to the official data from the IPO, the company has already managed to open 100 stores worldwide. And the last one he has earned recently was in Madrid. It is the fourth MINISO store in Spain, which opened after the IPO. In total, there are already 16 outlets of the brand in the country. Simultaneously, the company's representatives declared their intention to develop the European market actively.

According to Vincent Huang, vice-president of MINISO for international business, the company intends to open several new stores across Europe shortly, whether it is the UK, Hungary, Iceland, or Italy. Several additional stores will open in Spain by the end of this year.

While everybody is waiting for a potential decrease in the attendance of stores during the holidays this year by 25%, the franchisors of MINISO believe that their offering a wide range of various goods at affordable prices will be quite attractive to customers.

Like many European franchisors, MINISO is a well-known retailer in local markets. In a statement, one of the Chinese retailer's business partners, Michael Vittevin, CEO of Mirage Retail Group, said that his company plans to open a new store soon, which will be the third in the Netherlands, after stores in Eindhoven and Utrecht. But Mirage Retail Group owns more than 800 stores with other successful brands such as Blokker, Big Bazar, and Intertoy. 

According to Vittevin, "MINISO cannot be compared with any other store format in the Netherlands," thanks to its rapidly growing range of low-cost products with an attractive design and good quality.

MINISO is setting records in its home market of China, where it recently set a record - the company opened 54 stores at once, all of them on October 1. The company chose this date because it is the day of the Chinese Golden Week, a national holiday lasting one week, and is significant for retail and tourism.

It is important to note here that the success of MINISO demonstrates not only the correctness of the business model chosen by the retailer but also the overall recovery of world markets, both Chinese and European.

Photo credit: depositphotos.com.

More about shopping malls in China



YESTERDAY, China:
Zhuhai Wanda Commercial Management Group filed for an IPO on the Hong Kong Stock Exchange.
DAY BEFORE YESTERDAY, Finland:
Lippulaiva declared K-Supermarket, Prisma, Lidl, and Tokmanni as anchor tenants.
DAY BEFORE YESTERDAY, USA:
About 200 terminals to sell bitcoins were installed in stores operated by Walmart.
Oct 22, 2021, USA:
Cyber-sports arenas, basketball courts, and aquariums are replacing storefronts and retail spaces.
Oct 22, 2021, USA:
The video host will host a week of "live shopping" as part of its "YouTube Holiday Stream and Shop" event.
Oct 21, 2021, India:
Flagship stores at the mall include Diesel, Replay, Hugo Boss, Emporio Armani, and Paul Smith.
Friend
and Follow
Arkadia GLA:1 184 030 SF
ADDRESS: Aleja Jana Pawla II 82, 00-175
Poland . Warsaw
Arkadia
Hillcrest Mall GLA:585 758 SF
ADDRESS: 9350 Yonge St, Richmond Hill, ON L4C 5G2
Canada . Richmond
Hillcrest Mall
Liberty Center GLA:828 821 SF
USA . Cincinnati
Liberty Center
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona


Edit text

Dear visitor!
If You wish to add appropriate information to this description, please make changes in the text below and they will take effect after being verified by Malls.com administrator.

SAVE CHANGES
ADD PHOTO

Dear visitor!
If you desire to add more photos to this description, please upload them and they will appear on the page after being verified by Malls.com administrator.

CHOOSE PHOTOS
SAVE CHANGES
Sign in Malls.com
Sign in please, if you already have an account

Registration



Error filling
Error filling
Error filling
Error filling
Thank you!
You will receive e-mail with registration data shortly. In email you'll find link, confirm your account by clicking on it, please.

Malls.com Team
Thank you for message!
In the near future you will be contacted the manager
for further details.

Malls.com Team
Good mall, bro!
In the near future you will be contacted the manager
for further details.

Malls.com Team
We are dissatisfied with you :-(
In the near future you will be contacted the manager
for further details.

Malls.com Team

Write to us