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1.2. Problem Statement
1.2. Problem Statement
It
wasn’t long before when people used to buy their essentials from nearby grocery stores. Call it
towards shopping malls and convenient stores. Today going to such stores/malls is not just about
buying essentials but also an opportunity to cherish a good shopping experience. For this reason,
we have seen a rapid increase in supermarkets and departmental stores like Bhatbhateni,
BigMart, Salesberry, etc. over the last decade. Also, international chains like Miniso, Saleways
Miniso is a Japanese designer brand name that got very familiar in the Nepalese market in a very
short period of time. It entered into Nepalese market in 2016 and within a short span of time, has
extended its outlets in 11 different places. You can find over 3200 products of various ranges
including toys, technologies, beauty products to daily life essentials that are not just products but
A popular destination for Nepalese consumers, Miniso not only sells the products like a regular
retailer but portrays itself as a different shopping experience that resonates with the lifestyle of
the buyer. Through this research, we have tried to find out why people are turning to Miniso for
purchasing products. We wanted to find out what kind of people having what kind of personality
and lifestyle are motivated to buy Miniso brand’s products. The rapid expansion of Miniso stores
all over the valley and outside can definitely be credited to its rise in popularity and surge in
demand.
Miniso doesn’t sell ‘necessity’ or ‘essential’ products. Rather they sell other kinds of lifestyle
products with premium pricing. Regardless of this fact, customers are attracted to the brand and
the number of stores in the country is rapidly expanding. Time and again, many failure stories of
brands that couldn’t offer competitive prices have perished. This doesn’t seem to apply to Miniso
What are the factors that contributed to the rapid growth of Miniso stores in Nepal?
To identify the factors that supported the growth of Miniso stores in Nepal, from the perspective
of consumer behaviour.