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1.Market Observations, 8.Was Sticky

5 Sept 2019 (AFR) – The Chinese retailer shooting the lights out in Australia

(5 September 2019, AFR, p21, Sue Mitchell, Senior Reporter)

‘Australian retail might be in the doldrums but it’s not all doom and gloom. At variety retailer Miniso –  a cross between The Reject Shop and Japanese chain Daiso – same-store sales are growing more than 20 per cent as customers fill their baskets with budget-priced cosmetics, accessories, stationery, homewares and novelty merchandise from brands such as Marvel and Pink Panther. After opening its first store in Australia in early 2017, Miniso plans to open  as many as 10 franchised stores a month over the next 15 months, lifting its footprint from 32 stores  to 100 by the end of 2020 and increasing pressure on competitors such as The Reject Shop.

Read more at AFR.com (might need AFR login, or try: AFR.com/trial)

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