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Tag: minisos

  • Miniso’s Global Zootopia 2 Pop-up Tour: Unleashing ‘Fun Fur Every You!’ in Major Cities Worldwide

    Miniso’s Global Zootopia 2 Pop-up Tour: Unleashing ‘Fun Fur Every You!’ in Major Cities Worldwide

    Miniso, a retail giant, has recently launched an innovative international pop-up tour that encapsulates the theme of Disney’s upcoming animated film, Zootopia 2. The tour is aptly named ‘Fun Fur Every You!’ and has been making waves in key cities across Asia and other parts of the world.

    The unique tour is aimed at highlighting the brand’s latest product line, which is fundamentally driven by character. This fascinating journey has already made pit stops in several major metropolises including Beijing, Delhi, Guangzhou, Ho Chi Minh City, Hong Kong, Jakarta, Kuala Lumpur, Mumbai, Shanghai, and Singapore. Furthermore, more activations are underway in the US and Canada.

    The layout of each pop-up is thoughtfully designed, featuring photo zones that are inspired by popular characters Judy Hopps and Nick Wilde. These pop-ups also provide ample space to display Miniso’s recently launched Zootopia 2 collection. This collection, which is a collaborative effort with Walt Disney Animation Studios, covers a broad range of more than 300 unique products.

    The products in the collection include plush toys, homewares, stationery, accessories, and many more exciting items. The assortment is anchored by character-centric items like vinyl figures, blind boxes, plush, and bag charms. Moreover, select Miniso stores are also offering limited-edition bags, stickers, and badges to meet the growing demand for collectible items.

    In recent news, Miniso reported an impressive surge in sales growth for the third quarter. The company has successfully achieved a new landmark in its network expansion strategy, boasting over 8000 stores as of September 30th.

    Questions & Answers

    What is the theme of Miniso’s international pop-up tour?
    The theme of Miniso’s international pop-up tour is based on Disney’s upcoming animated film, Zootopia 2, and is called ‘Fun Fur Every You!’.

    What is the purpose of this pop-up tour?
    The purpose of this pop-up tour is to showcase Miniso’s latest character-centric product line, which includes a wide array of products ranging from plush toys to stationery.

    What recent achievement has Miniso reported?
    Miniso recently reported a significant boost in sales growth for its third quarter. Additionally, the company announced reaching a new milestone in its network expansion plans, with over 8000 stores as of the end of September.

  • Miniso’s sales soar 23 per cent in second quarter, but profit shrinks

    Miniso’s sales soar 23 per cent in second quarter, but profit shrinks

    The retail conglomerate, Miniso, posted a decrease in profits despite its sales increasing by a double-digit percentage in the second quarter.

    Revenue Growth

    Miniso’s revenue for the quarter ending June 30th saw a massive increase of 23.1%, amounting to approximately USD 693.2 million. The retailer has various brands under its umbrella, including Miniso and Top Toy. Miniso’s revenue witnessed a rise of 19.5%, amounting to USD 637 million. This growth included a 13.6% increase in Mainland China and a 28.6% growth in international markets. Top Toy’s revenue surged by 87% to USD 56.1 million.

    Same-Store Gross Merchandise Value

    The same-store gross merchandise value (GMV) of Miniso remained steady, backed by a small growth in mainland China and a slight decline in international markets. However, Top Toy’s same-store GMV registered minor growth.

    Strategic Financing

    Miniso highlighted that Top Toy had finalized strategic financing by Temasek recently, resulting in a post-valuation of approximately USD 1.28 billion.

    Operating Income and Profit

    Although the operating income rose by 11.3% to USD 116.7 million, the profits fell from USD 82.4 million in the same period last year to USD 68.3 million.

    For the first half of the year, revenue grew by 21% to USD 1.3 billion. This rise included an 18% increase in Miniso sales and a 73% rise in Top Toy sales. However, the profit for the same period dropped from USD 163 million to USD 126.5 million.

    Store Expansion

    As of June 30th, the total number of stores at the group level was 7,905, representing a year-on-year increase of 842 new stores. Miniso had 7,612 stores, which included 4,305 in Mainland China and 3,307 in international locations, while Top Toy had 293 outlets.

    The company anticipates that its revenue growth will speed up for the rest of the year.

    Questions & Answers

    How much did Miniso’s revenue increase in the second quarter?

    Miniso’s revenue for the second quarter increased by 23.1%, amounting to approximately USD 693.2 million.

    How did Miniso’s operating income and profit perform in the second quarter?

    The operating income rose by 11.3% to USD 116.7 million, but the profit fell from USD 82.4 million in the same period last year to USD 68.3 million.

    What is the total number of Miniso stores as of June 30th?

    As of June 30th, Miniso had a total of 7,612 stores, which included 4,305 in Mainland China and 3,307 in international locations.