Miniso Shuts Down Over 300 Shops in March: Quarterly Report

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Image Source: Visual ChinaBEIJING, May 27 (TMTPOST) — Chinese low-cost retailer and variety store chain Miniso shut down over 300 shops in March, losing around 300 million yuan in transactions, the company’s Q3 2022 earnings report shows.The company brought in revenues of 2.341 billion yuan in Q3 ending March 31, 2022, registering year-on-year growth of 5%. The adjusted net profit was 111 million yuan, do