Spanish fashion retailer Mango is ramping its global expansion despite economic uncertainties that have shaken some other global mass-market apparel giants.
Mango’s worldwide retail director, Cesar de Vicente, said that the business has established 115 stores in total during the previous year, most of them in the US, where its sales outlets have tripled.
Its global footprint spans over 115 countries with over 2,700 stores, whereas that of Inditex, the other Spanish clothes retail success story, which owns Zara, is closer to 6,000 worldwide.
Mango anticipates setting a record in sales in 2023 when it releases its annual statistics on Monday, according to De Vicente, and this expansion has helped increase turnover.
The company, which employs about 14,000 people, will unveil its new strategy plan and annual results on Monday. The company wants to set itself apart from low-cost brands like Shein and Primark by speeding up its journey upmarket.
It is anticipated to validate its global aspirations, as 500 additional outlets are slated to open by 2026. According to De Vicente, the majority of these openings will occur in the US, the UK, and France—the second-largest market for the business after Spain.
