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



DAY BEFORE YESTERDAY, South Korea:
Hyundai Seoul got a central atrium with a 12-meter waterfall and natural lighting.
May 12, 2022, Malaysia:
The complex is home to more than 200 tenants selling authentic local goods.
Apr 29, 2022, Europe, Europe:
The store sells streetwear created in collaboration with designers such as Soho Grit, Alma de Ace, BAPE, Herschel, and Staple.
Apr 28, 2022, USA:
Nike and RTFKT have announced a new collection of Nike Dunk Genesis Cryptokicks sneakers.
Apr 27, 2022, USA:
Meta Store has the intention of demonstrating the possibilities of virtual reality devices, as well as dispelling the mystery around the concept of the math universe.
Apr 22, 2022, Brazil:
BR Malls Participacoes and Aliance Sonae Shopping Centers may merge to form Brazil's largest mall operator.
Friend
and Follow
Aviapark GLA:2 475 699 SF
ADDRESS: ul. Aviakonstruktora Mikoyana, 10
Russia . Moscow region
Aviapark
Jardim Pamplona GLA:118 403 SF
ADDRESS: R. Pamplona, 1704 - Jardins São Paulo
Brazil . Sao Paulo
Jardim Pamplona
Olympia Einkaufszentrum GLA:602 779 SF
ADDRESS: Hanauer Straße 68, 80993
Germany . Munich
Olympia Einkaufszentrum
Forum Istanbul GLA:1 883 684 SF
ADDRESS: Kocatepe Mahallesi, Pasa Caddesi 34045 Bayrampasa
Turkey . Istanbul
Forum Istanbul


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