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Benzinga
Benzinga
World
The Bamboo Works

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

Miniso China Muji Shanghai

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
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