MINISO Targets To Open 900-1,100 Net New Stores Each Year From 2024-2028 And Maintain A Revenue Compound Annual Growth Rate Of No Less Than 20%

Author: Benzinga Newsdesk | March 12, 2024 01:55am

Mr. Ye continued, "We added more than 1,000 net new stores globally in 2023, our fastest speed of store openings ever. Despite the potential short-term uncertainties in our way to globalization, we remain optimistic about its long-term prospects and will be committed to fully diversifying our operational risks in overseas market. As we shared on our Investor Day, we currently target to open 900-1,100 net new stores each year from 2024-2028 and maintain a revenue compound annual growth rate of no less than 20%. This positive outlook comes from our long-term confidence in China's economic development, our unchanged ambition for offline retail business, and our determination to achieve globalized development. Going forward, we will continue to focus on our long-term strategic goal to become No.1 IP design retail group of the world by bringing happiness to customers worldwide."

Posted In: MNSO