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Chinese retailer Miniso's annual loss widens to $215m on lockdowns

Sales rebound in latest quarter as overseas markets recover

Miniso opened 406 stores across China alone over the year ending in June. (Photo by Takashi Kawakami)
TAKASHI KAWAKAMI, Nikkei staff writer | China

GUANGZHOU -- Chinese discount store operator Miniso amassed a net loss exceeding 1.4 billion yuan ($215 million) for the year ended in June as the coronavirus pandemic deepened the company's red ink.

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