POP MART Plans to Relocate and Renovate Dozens of Stores in the Second Half of the Year

Deep News
08/20

During the interim earnings conference call held on the evening of August 20, POP MART's Senior Vice President, Chu Yin, disclosed that in the first half of the year, the company repositioned and refreshed over 20 stores in the Chinese market. These locations saw significant year-on-year sales increases, with per-store revenue achieving double-digit growth.

Looking ahead to the latter half of the year, Chu Yin indicated that roughly dozens of stores are slated for relocation and renovation, alongside plans for new flagship store projects. According to POP MART's half-year report, the company operates 676 offline stores and 2,827 robotic vending machines globally, with its cumulative registered membership surpassing 100 million worldwide. In the Chinese market alone, 455 stores are in operation, generating revenue of 12.2 billion yuan, a growth of 47.3%.

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