Chinese retailer Pop Mart has seen its sales triple and profit quintuple, as its Labubu dolls enjoy worldwide popularity. The company already realises 40 % of its total sales abroad.
10 million figurines per day
Pop Mart’s sales rose 204.4 % to 13.88 billion yuan (1.6 billion euros) in the past six months, while net profit even went up 396.5 % to 4.57 billion yuan (550 million euros). The Chinese retailer exceeded forecasts, Reuters reports. With its shares up more than 200 % in one year, Pop Mart is already worth more on the stock market than Barbie’s Mattel or Hello Kitty’s Sanrio.
