18 Aug. 2009
MANGO CONTINUES INTERNATIONAL ROLLOUTThe trendy Spanish fashion retailer Mango is expanding its international presence with new stores.
In addition to China, Japan, South Korea, Singapore and the Philippines, the company plans to open four new stores in Kazakhstan where it already operates three stores in Almaty, Karaganda and Astana. New units will open in the cities of Almaty, Aktobe and Ust-Kamenogorsk over the next two months. The company also plans to enter new markets such as Iraq and New Caledonia.
Mango currently has 1,260 stores in 93 countries. The chain plans to increase its number of stores by 150 over the year.
The forecasted investment of €100 million in 2009 will be allocated to store openings, refurbishments, logistics and IT systems, while the estimated turnover for the chain is €1.512 billion and €1.155 billion for the consolidated group, representing an increase of 5% over 2008.
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