Tuesday, January 31, 2023

Mango triples its presence in India: reaches 85 stores

Mango Fashion Chain is making rapid strides in India. The company has managed to triple the number of its points of sale in the country and reach 85 stores by the end of 2022. The firm plans to maintain the growth path throughout this year wherein it intends to open 35 more establishments and launch its own. Mango Man Men’s Fashion Collection.

The Isak Endik-owned organization consolidated itself in this sector during the last financial year. It jumped from 46 points of sale at the end of 2021 and tripled its 28 points at the end of 2020.

Mango operates in the country through local partner Myntra, which manages its stores and online sales., “Is that Fellow Perfect to strengthen our commitment to India, one of the most important markets in our internationalization strategy; In the next few years, this country will be the third largest consumer market in the world and we want to have a significant presence there,” said Daniel Lopez, director of expansion for Mango.

In 2023, Mango will open another 35 points of salewith two flagship in the cities of Bangalore and Ludhiana. If forecasts are met, it will reach 110 stores.

In addition, the organization will begin marketing the Mango Man men’s fashion line. The store opened at New Delhi’s DLF Avenue Mall will be the first collection for the brand which launched Mango Kids in the country two years back.

France and the United States complete the expansion of the common

Along with India, France and the United States, they form the major centers of expansion of the Catalan textile industry. In the spring, it announced expansion plans to open 30 stores in the United States by 2024 and reach 40 establishments by that date with an investment of 100 million euros.

The company will add to its presence in both shopping centers and stores at the street level. If the first stone was in New York, the second phase of the strategy goes through Florida.where it plans to open between four and five establishments by 2023, among Miami, Boca Raton, Orlando and Tampa.

During the third phase, which will begin in 2023, the company will continue to expand westward with new stores opening in the states of Georgia (Atlanta), Arizona (in cities like Phoenix and Tucson), Texas (Houston and Dallas). , Nevada (Las Vegas) and California, where the target populations for the group are Los Angeles, San Diego and San Jose.

In addition, it expanded its commitment further north and intends to grow in Canada as well. The fashion firm will open six stores in Toronto by 2023 and aims to reach twenty by 2032.

In France, Mango reopened its flagship store in the commercial rue Haussmann in Paris in June, the starting point of its expansion plan in France, which will see 70 new points of sale by 2025 and the remodeling of all its establishments to 223. expects. The points of sale which were in place at the end of 2021 up to 300 at the end of 2025.

The expansion will add both its own establishments and those of franchises in locations such as Reims, Colmar, Orange and Tours.

Nation World News Desk
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