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The specialty retailer plans 550 new stores
Spanish clothing retailer and wholesaler Mango (Barcelona) plans to add 550 international stores, including entries into six new markets that will give it a presence in 109 countries, reports Women's Wear Daily. Coming off a 10.9 percent sales increase in 2010, the brand added 380 stores last year.
New markets for Mango stores in 2011 will include Guadeloupe, Bermuda, Monaco, Cambodia, Angola, Ghana and Yemen. The men’s wear division will expand in European markets, the Middle East and Southeast Asia.
A total of 77 MNG by Mango in-store shops were opened in J.C. Penney stores last summer. The department store expects to have added 500 by fall 2011.
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