Miniso and Musinsa report strong first-half growth amid global expansion

Miniso and Musinsa have both reported significant growth in their first-half earnings, driven by aggressive international and offline expansion.

Miniso reported a 22.4 percent increase in first-half revenue, reaching RMB11.5 billion (US$1.69 billion). Growth was fueled by a 26.2 percent rise in Mainland China and a 37 percent increase in North American revenue. The retailer now operates 8,674 stores globally across 113 countries and regions. CEO Guofu Ye stated the company intends to focus on proprietary intellectual property and large-format stores. Additionally, Miniso launched a HK$2 billion share repurchase program in June.

South Korean fashion retailer Musinsa posted record first-half consolidated sales of 821.7 billion won ($598.4 million), a 22 percent increase year-on-year. Operating profit rose 13.1 percent to 65.7 billion won. Musinsa saw significant momentum in international markets, with transaction volumes across 13 markets increasing over 143 percent compared to the previous year. The company is continuing its offline expansion, with plans to open Musinsa Beauty stores and a large-scale pop-up in Osaka, Japan.