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Mango to open 500 new stores by 2026

 

Founded four decades ago in Barcelona, Spanish fashion retailer Mango plans to open over 500 new stores by 2026, mainly in the United States, the UK, and France — its second-largest market after Spain.

Following a slowdown prompted by the COVID-19 pandemic, the family-owned company unveiled several large-scale stores worldwide including a 400-sq-m (1,300-sq-ft) store in Los Angeles, a similar-sized establishment in Manchester, England, and a flagship store in Bengaluru, India. 

In the past year alone, Mango launched 115 stores, primarily in the United States, where its sales outlets have tripled, according to Cesar de Vincente, Global Director-Retail.

With stores spanning across 115 countries, Mango significantly expanded its presence, although it falls short of the nearly 6,000 stores worldwide owned by Inditex, the parent company of Zara, another Spanish clothing retail company.

This expansion drive propelled Mango's turnover, with expectations of it exceeding €3 billion ($3.3 billion) in 2023.

With roots tracing back to 1984, Mango opened its first shop on Barcelona's famed shopping street, Paseo de Gracia. Currently employing around 14,000 individuals, Mango aims to distinguish itself by elevating its position in the market. To enhance sales, Mango has enlisted high-profile ambassadors such as British model Kate Moss, Spanish actress Penelope Cruz, and French footballer Antoine Griezmann for its marketing campaigns.

 

 
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