Miniso Vietnam to open more stores
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Miniso Vietnam plans to open 500 more stores in the next two years, adding to the 30 outlets already established.
Co-founder/chief designer Miyake Junya says he has signed a strategic co-operation agreement with Vietnamese developers, including Vincom, which includes plans for 300 stores next year.
He says Miniso will open 10,000 stores in 100 countries by 2019, with expectations of global revenue reaching US$15 billion.
In its four years, the Chinese discount chain already has 2000-plus stores in more than 60 countries and regions.
Miniso Vietnam launched in August last year.
Questions & Answers
Q.How many new stores does Miniso Vietnam plan to open in the coming two years?
How many new stores does Miniso Vietnam plan to open in the coming two years?
Miniso Vietnam intends to open 500 additional stores in the next two years. This expansion will significantly increase their current presence of 30 outlets across the country.
Q.Which Vietnamese developer is Miniso collaborating with for its expansion plans?
Which Vietnamese developer is Miniso collaborating with for its expansion plans?
Miniso has signed a strategic co-operation agreement with several Vietnamese developers. Vincom is specifically mentioned as a partner, with plans for 300 new stores next year.
Q.When did Miniso Vietnam first launch its operations in the country?
When did Miniso Vietnam first launch its operations in the country?
Miniso Vietnam launched its first stores in the country in August of last year. This marked the beginning of its retail presence in the Vietnamese market.
Q.How many stores does Miniso globally expect to open by 2019?
How many stores does Miniso globally expect to open by 2019?
Globally, Miniso aims to open a total of 10,000 stores by 2019. These stores are planned to be established across 100 different countries worldwide.
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