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MINISO strengthens presence in Europe

MINISO store located at Via Etnea, Catania, Sicily

On 29th April, lifestyle product retailer MINISO will open a new store at Euroma 2, which is in the Castellaccio district of Rome, a busy upscale residential area, built in 2008 and once the largest shopping center in the Italian capital.

This will be the third store the brand opens in the country just this month, with 5 more to follow, including a flagship store in Rome this year, underlining the importance of Europe in the brand’s rapid growth overseas.

SEE ALSO : MINISO opens first store in Italy

The other two new stores are located in Via Tuscolana, Rome (opened on 8th April), and Via Etnea, Catania, Sicily (opened on 15th April).

Reviewing MINISO’s first trial sales in Italy, Mr. Zeng, CEO of MINISO Italy, said, “The average sales of a single store in a single day can reach about 6,000 Euros, and the bestselling categories are household products, toys, electronic appliances and stationery.”

Mr. Zeng, is satisfied with the overall sales performance especially when many retailers are closing their stores. He believes MINISO products meet local consumers’ demand for quality products at low prices, which has made the brand more popular than ever in the current economic downturn.

MINISO store located at Via Tuscolana, Rome
Source: MINISO

Despite the country still struggling from the pandemic, MINISO showed no slowdown on expansion in Italy. A flagship store will be opened this year at Porta di Roma Shopping Mall, one of the largest shopping malls in Rome. According to Mr. Zeng, this highly anticipated flagship store is expected to attract significant numbers of new customers to the recently quiet shopping area.

MINISO overseas Vice President, Vincent Huang, said, “Europe is important in our global footprint, and Italy is one of the most important European markets. We have found that the average sales per store in the Italian market recently can reach 6,000 Euros, comparable to the sales figures during Black Friday. We are motivated to see how MINISO has been so well-received here and will further expand in Italy and other countries in the region.”

Despite the pandemic, MINISO has continued its expansion in Europe and entered multiple new markets in the past few months, opening its first stores in France, Malta, and Iceland. In addition to new market entries, it also added more stores to its existing markets such as the Netherlands, Spain, and Portugal.

SEE ALSO : EXCLUSIVE INTERVIEW with MINISO about global expansion

On top of its continuously increasing physical presence around the world, the brick and-mortar retailer also saw notable success in e-commerce. MINISO’s sales on all E-commerce channels in 2020 increased 250% globally compared to 2019, and the brand also indicated that will soon open unmanned stores in both China and overseas as both an immediate response to the pandemic and its longer-term transformation.