Baozun Emerges from E-Commerce Shadows with Gap China Purchase

The provider of e-commerce tools with close ties to Alibaba hopes its acquisition of the U.S. retailing giant’s China operations can revive its stalling growth Key Takeaways: Baozun’s newly purchased Gap Greater China operation will become the cornerstone for its new brand management unit The Alibaba-backed company is looking for new growth venues as its core business as an e-commerce tools provider stalls By Shirley Lau Baozun Inc. (BZUN.US; 9991.HK), a sort of “Shopify of China,” raised eyebrows earlier this month when it announced it would acquire U.S. clothing retailer…

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FAST NEWS: Miniso’s Profit Leaps on Strong Margin Gains

The Latest: Store operator Miniso Group (MNSO.US; 9896.HK) on Monday reported its revenue rose 4.5% year-on-year to 2.8 billion yuan ($396 million) in its latest fiscal quarter through September, while its profit rose 161.5% to 404.1 million yuan over the same period. Looking Up: The big profit increase came as Miniso boosted its gross margin to 35.7% in its latest fiscal quarter from 27.4% a year earlier. Take Note: While the months of July and August were relatively strong, Miniso said resurgences of Covid-19 and resulting control measures in September…

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Miniso Gets Dressing Down in Online Brouhaha

The Japanese-inspired operator of a chain of small, knickknack-selling stores apologizes after netizens accuse it of trying to hide its Chinese roots Key Takeaways: Miniso’s shares are down 17% since it was accused of mislabeling a Chinese-clothed doll as Japanese, and more broadly of trying to hide its Chinese roots The attack represents a relatively unique risk faced by both foreign and domestic companies doing business in China   By Doug Young Its logo is red with a distinctively Japanese look. But these days trendy brick-and-mortar retailer Miniso Group Holding…

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No Good Times Here, as Gome Slashes ‘FUN’ E-Commerce Unit

Former retailing giant makes massive cuts at its recently launched service combining online shopping with social networking and entertainment Key Takeaways: Gome is scaling back its e-commerce push that was part of a drive to regain its former glory, making massive layoffs at its FUN online unit.  Company’s revenues stagnated last year as its transition to e-commerce stalled, similar to the fate of other older brick-and-mortar retailers like its former rival Suning By Trevor Mo In early 2021, former retailing magnate Huang Guangyu was unequivocal when asked about his next…

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Miniso Rides Into China Covid Storm With Forecast for First-Ever Revenue Contraction

Retailer known for its small, brightly lit stores posted 5% revenue growth in the first three months of 2022, but said the figure is likely to decline around 9% in the current quarter Key Takeaways: Miniso said it expects its revenue to decline around 9% in the current quarter as many of its China stores have been forced to shut down during recent citywide lockdowns Company said nearly one-tenth of its China stores were closed in March, even as its smaller international operations continued to rebound By Doug Young Fasten…

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Restrictions Take Fourth-Quarter Bite Out of Rebounding Year for Yum China

Operator of KFC and Pizza Hut restaurants in China posted small revenue growth in fourth quarter as it continued to briskly open new stores despite Covid disruptions Key Takeaways: Yum China reported its revenue rose 1% in the fourth quarter, and managed to remain profitable despite tough Covid restrictions that led to weak consumption China’s biggest restaurant operator opened a record 1,806 stores during the year, bringing its total to 11,788, as it marches towards a goal of 20,000 stores By Doug Young “Staying the course” is fast emerging as…

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Impulse-Buying Specialist Miniso Embarks on Major Toy Play

Mini-store operator plans big move into pricier toys and collectibles with launch of Top Toy chain Key points: Miniso is moving aggressively into specialty toy shops with its new Top Toy chain Strong investor interest in toy retailing is reflected by the high valuation for rival toy chain Pop Mart By Doug Young China’s favorite impulse buying chain Miniso Group Holding Ltd. (NYSE: MNSO) is making a major strategic shift by moving aggressively into the toy business. The move does seem to make sense for a chain like Miniso, as…

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Miniso Exports Its Impulse Shopping Experience to Italy

Japanese retail imitator opens its first shop in Rome ahead of expected rebound in its large global operations Key Takeaways: Miniso’s latest move into Italy is part of a rapid global expansion for its chain of small, flashy stores targeting impulse buyers  The company’s high valuation compared reflects its bigger growth potential, and its positioning as a hybrid retail-entertainment shopping venue By Doug Young Branded variety retailer Miniso Group Holding Ltd. (NYSE: MNSO) deserves credit for staying the course throughout the global pandemic, even as Covid-19 wreaked havoc on its…

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