The 288-piece collaboration available Friday spans three China-only versions of the Dimoo figurine sporting the jeweler's Ice Cube collection.

While Pop Mart should benefit from operating leverage as most store-related costs are fixed, we model a stable long-term marketing expense ratio of 26.5% as the firm continues its global expansion.

While Pop Mart should benefit from operating leverage as most store-related costs are fixed, we model a stable long-term marketing expense ratio of 26.5% as the firm continues its global expansion.

Based in Beijing, Pop Mart operates more than 450 stores in more than 30 countries as well as 2,300 Robo Shops (blind box vending machines). The brand opened its first store in the U.S. in 2023.

Summary We are bullish on Pop Mart due to its strong IP portfolio, brand loyalty, and ability to thrive amid China's consumption downgrade trend. PMRTY's global expansion, especially in the US and ...

Founded in 2010, the company moved into the U.S. market in 2022 with a pop-up in LA that was swiftly followed by a permanent store at the American Dream mall in New Jersey. In 2024, the company opened ...

That location is the 13th store in its U.S. expansion, with new stores cropping up in Las Vegas, N.V., Los Angeles, C.A., and East Rutherford, N.J.