Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Mango sales up 5.7% as international expansion gathers pace

Mango has announced total sales rose 5.7% to €1.48bn (£1.3bn) excluding VAT in 2009 and has confirmed that it will open its 1,500th global store in 2010.

The Spanish young fashion chain also announced new stores and concessions planned in Berlin, Caracas, Dubai, Kuwait, Marrakesh, Melbourne, Moscow and Beijing.

Over three-quarters of the sales were achieved in foreign markets and the remaining 22% in its domestic Spanish market.

In 2009, Mango opened 161 new stores but just eight were in Spain with 153 abroad. Markets in Eastern Europe, the Middle East and Asia were consolidated, and the brand opened its first stores in Iran, Iraq, Belarus and Guatemala.

Mango said it is planning to open 59 stores in China this year, plus further stores in South Korea, Singapore and India, including two stores in New Delhi international Airport. Mango is also increasing its presence in Latin America with store launches in Venezuela, Chile, Peru and Mexico.

The company stressed that it will also continue to expand in Western Europe.

Mango currently has 1,431 stores in 100 countries worldwide. The company will be opening its first ever stores in Mauritius and New Caledonia this year and plans to invest €100m (£88m) in new openings, store refurbishment and logistic and information systems throughout 2010.  

It also intends to expand its 135-store HE Homini Emerito menswear chain, with openings planned  in Germany, Holland and Pacific island New Caledonia.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.