Advertise with fastmoving.co.za
 
 

Miniso has opened two stores in SA in the past month and plans to open three more by September.
Miniso has opened two stores in SA in the past month and plans to open three more by September.

Japanese fast-fashion retailer Miniso enters SA's crowded market

RETAILER NEWS

By Colleen Goko - Aug 10th 2017, 09:32

Japanese fast-fashion retailer Miniso has entered the local market, adding a fresh challenge in the competitive sector. 

Miniso, aimed at women aged 18 to 30 years old, has opened two stores in SA in the past month and plans to open three more by September.

The retailer has built its brand on its ability to update its product offering every seven days. The group has a presence in more than 50 countries.

"At Miniso, we pursue a simple and natural life philosophy," said human resources director Phoebe Dongxiang.

"The personalised, smart shopping experience is what consumers in 2017 crave and we have an exceptional offering with something for everyone."

Old Mutual investment professional Meryl Pick said clothing retail was a difficult space to be in.

"The most competitive space is ladies fashion and as a result, we have seen aggressive discounting which pulls margins down," said Pick.

She said retailers with exposure to other categories such as sports and homeware were better suited to navigating the competitive environment.

Miniso’s products include consumer goods, health and beauty, jewellery and accessories, creative homeware and digital products.
© BusinessLIVE MMXVII 

Read more about: retailer | retail | miniso | fashion

Related News

Tills chime for Pick n Pay’s Zim stores as retail, hoteling income grow
16/07/2018 - 10:47
Pick n Pay is raking in the profits from Zimbabwe and its partner in the struggling country is now looking to open more stores buoyed by stronger performance from its other operations across city and resort hotels as well as agro-processing.

Walmart plans more convenience stores
13/07/2018 - 14:07
Walmart has opened another convenience store, this time launching a Walmart Fuel Station in Plano, Texas.

Nike names new chief sustainability officer
12/07/2018 - 08:59
Nike has named Noel Kinder has is new chief sustainability officer.

Online wine retailer poised for growth as e-commerce niche booms globally
11/07/2018 - 14:07
South African online shopping trends tend to follow those globally, and with online wine retailers experiencing a boom in sales worldwide, the local market is expected to follow suit. In the United States alone, wine retailers experienced online sales growth of wine, beer and liquor by almost 33% in 2017 (source).

Woolworths recalls Frozen Savoury Rice Mix as a precaution
11/07/2018 - 07:41
Following a worldwide product recall issued by the Hungarian Food Safety Agency, and purely as a precautionary measure, Woolworths is recalling their Frozen Savoury Rice Mix product (6009173621740).