By Deirdre Tynan • 06 September 2021 • 13:28
Lifestyle product retailer MINISO is further strengthening its business foothold in Europe as it has announced the opening of a new store in Seville, the capital city of Andalucia in southern Spain.
The continued implementation of MINISO’s strategy to ramp up store expansion in Europe came amid the industry-wide drop-off in consumer spending across the continent due to a resurgence of the Covid-19 pandemic. In August, WHO European Region reported the updated number of coronavirus cases, adding yet another layer of uncertainty to the already depressed retail landscape.
Despite the sprawling impact of the pandemic on the retail industry, MINISO, with its dedication to high-quality, unique designs and affordable prices, seized a renewed market opportunity by capturing the heart of young European customers who prefer a good and safe in-store shopping experience and better value for money
MINISO’s surging popularity among Millennials and Generation Z in Europe owes to its extensive partnership with IP licensors, which helps the brand continue pumping out products with fresh and innovative designs. “Young consumers value experiences and individual expression that represent their identities. They love newness and novelty. So, innovation has been at the forefront of our product development, and we are committed to offering services and products that exceed the expectations of our consumers,” said Robin Liu, Vice President and Chief Marketing Officer of MINISO.
The brand’s increasing popularity among young consumers, in turn, has also given MINISO the confidence to invest more in the region. It also jumped at the opportunity brought about by massive business shuttering during the height of the pandemic, which has allowed the company to open new stores at premium shopping destinations.
For new stores opened during the pandemic, MINISO follows strict preventive measures, including social distancing, facial covering, and regular disinfection, to maintain a safe indoor shopping experience for consumers.
Meanwhile, to boost sales and offset the negative business impact of the pandemic, not only did MINISO release new products with competitive prices but also launched online campaigns in partnership with Key Opinion Consumers (KOCs) and influencers on social media to increase the brand’s engagement with young consumers. The company has established extensive cooperation with celebrities, influencers and KOCs as part of its global marketing strategy to attract more young people and identify potential customers
“More MINISO stores will come to Europe before the end of this year. In spite of the challenges ahead due to the pandemic, we believe that MINISO will as always spot new growth opportunity in this changing market climate,” Vincent Huang, Vice President and General Manager of MINISO Overseas Business said.
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Deirdre Tynan is an award-winning journalist who enjoys bringing the best in news reporting to Spain’s largest English-language newspaper, Euro Weekly News. She has previously worked at The Mirror, Ireland on Sunday and for news agencies, media outlets and international organisations in America, Europe and Asia. A huge fan of British politics and newspapers, Deirdre is equally fascinated by the political scene in Madrid and Sevilla. She moved to Spain in 2018 and is based in Jaen.
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