Hotline: 1800 102 2007
Hotline: 1800 102 2007
Dec, 15 2018

Miniso aims to launch 800 stores by 2020

It is focussing on expansion in tier-2 markets besides metros.

Miniso aims to launch 800 stores by 2020

Miniso, an international fast-fashion brand, is aiming to open 800 stores by 2020. It is focussing on expansion in tier-2 markets besides metros. The brand forayed into India in 2017.

Young Liu, Chief Business Development Officer, Miniso India, said, "Our aim is to have 800 stores by 2020 in India. We believe the brand has a huge potential not just in metros but also in tier-2 and even tier-3 cities. That is one of the key focus of our expansion."

"It is challenging to get the right malls at the right location in tier-2 and tier-3 cities. But we believe India is a very big market and we offer a unique proposition for the Indian consumers. It has already become one of the major markets for us," he added.

Presently, Miniso has 69 stores in India. Out of these 69, 25 stores are company-owned while 44 are franchise stores. The fast-fashion brand is also taking the franchise route for expansion. The company is offering household and consumer goods like beauty products, stationery, kitchenware, digital and fashion accessories, and toys, among others.

Liu further stated, "We have a long-term plan for India. In fact, based on consumer feedback and the performance of Miniso, we could look at bringing Mini Home and our premium brand Nome to India in the future."

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Tea And Coffee Chain
    About Us: A Nibs is the centre of the Cocoa bean..
    Locations looking for expansion Rajasthan
    Establishment year 2012
    Franchising Launch Date 2012
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Competitive Exam Coaching Institute
    Want to be an entrepreneur in the education sector? IBT..
    Locations looking for expansion Delhi
    Establishment year 2008
    Franchising Launch Date 2009
    Investment size Rs. 2lac - 5lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Delhi Delhi
  • Education Supplies
    About Us: Air-hostess & Pilot Training School was started in the..
    Locations looking for expansion Punjab
    Establishment year 2011
    Franchising Launch Date 2012
    Investment size Rs. 20lac - 30lac
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jalandhar Punjab
  • Fine Dine Restaurants
    About Us: Karim’s, a division of Karim’s Hotels Private Limited, is..
    Locations looking for expansion Delhi
    Establishment year 1950
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities