MINISO Is Opening A Massive New Location On Queen West
Torontonians are getting another MINISO store to shop downtown, just steps away from Osgoode subway station.
The Japanese-inspired variety retailer is opening up a massive new location on the corner of Queen St. West and Simcoe St. situated underneath the Smart House condo building.
Images captured by Daily Hive show that the new location takes up the majority of the first floor in the building.
— Daily Hive Venture (@VentureDH) March 18, 2019
Founded in 2013, MINISO quickly attracted fans with a curated selection of products that includes electronics, beauty, kitchenware, home furnishings, and more, with the majority of items priced between $2.99 and $5.
MINISO currently has a little under 20 locations in Ontario and is on the path of rapid expansion despite a rocky start in 2019.
At the end of 2018, MINISO Canada made headlines when Retail Insider reported that MINISO China had filed for an Application for Bankruptcy Order against MINISO Canada in the Supreme Court of British Columbia.
At the time, the parent company claimed that MINISO Canada had been “fraudulent in its business dealings by transferring and hiding assets,” to which MINISO Canada responded saying that it was “inaccurate or not true.”
In the following weeks, the result of MINISO’s legal drama was revealed. MINISO Canada and MINISO China reached an interim agreement outside of court. And earlier this month, MINISO announced that MINISO China has taken over Canadian operations with plans of “strong growth in Canada in the future.”
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According to MINISO’s website, the company has a goal to open 6000 stores across the globe by 2020 and has “has averaged at 80 to 100 store openings per month.”
If all goes according to plan, this won’t be the last MINISO we see open in the GTA.
Featured image: MINISO
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