News

Stores

Staff Reporter

, APAC

Published:

2 months ago

Shutterstock photo

Miniso net profit rises 24.4% to $81.2m in 1Q24

Revenue for the period was 26.0% higher YoY.

Global lifestyle brand MINISO reported a net profit of $81.2m (RMB586m) for the March quarter of 2024, a 24.4% increase year-over-year.

The company’s revenue for the same period was $515.7m (RMB3,723.5m), up 26.0% from the previous year.

As of 31 March, the number of MINISO stores worldwide reached 6,630. This includes 2,596 stores in overseas markets, excluding mainland China, with a net addition of 109 new overseas stores in the quarter.

Follow the link for more news on

MINISO

Also Read

Tuan Sing and Mitsubishi Estate open Indonesia’s first int'l luxury outlet mall

The Coffee Bean & Tea Leaf balances quality and convenience through retail products

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

Alexander Pollich named CEO of Porsche China

He will now oversee Porsche's crucial Chinese market.

22 hours ago

6 in 10 brand manufacturers invest in retail media networks

Nearly 70% highlighted enhanced consumer targeting as a major benefit.

1 day ago

58% of consumers use devices for food purchases

Consumers are spending less time cooking at home, opting for faster and more convenient food options.

E-commerce

1 day ago

Tuan Sing and Mitsubishi Estate open Indonesia’s first int'l luxury outlet mall

It offers discounts of up to 70% daily.

Stores

2 days ago

Exclusives

The Coffee Bean & Tea Leaf balances quality and convenience through retail products

It expanded its product range, including a variety of single-origin coffees tailored to different roast preferences.

Stores

3 days ago

KCG masters brand positioning for Indonesia’s premium segment

It adopts the latest tech-based solutions to better manage 92 retail stores across 20 cities in Indonesia.

6 days ago

Here’s why luxury brands are increasing AI investments

The sector has invested over $360m in AI over the past three years.

Fashion

Bacha Coffee masters sensory-rich retailing in Jakarta

Blending heritage and luxury, Bacha Coffee Plaza Senayan immerses Indonesian coffee lovers into a unique experience.

Event News

Retail Asia Awards 2024 Winner: Jim Thompson (The Thai Silk Company Limited)

Frank Cancelloni, Group CEO of Jim Thompson, highlights the Jim Thompson Heritage Quarter that features a museum about Jim Thompson, an exhibition about their fabrics, an Art Center, and a fashion show with 42 looks.