Spanish clothing retailer Mango is set to double its US store count to 40 in the coming year, as revealed by Cesar de Vicente, Global Retail Director. The National Retail Federation anticipates a 4 per cent growth in US retail sales during the November-December holiday season, with shoppers benefiting from significant promotions and bargains.
Mango experienced double-digit sales growth during the recent Black Friday and Cyber Monday events, leveraging its expansions in the US, Italy, and India, along with the global 50 per cent discounts both in-store and online. Anticipating similar growth during upcoming Cyber Week sales, Mango relies on its in-house design, a strong focus on party wear, and retail expansion to compete with emerging players like Shein, as stated by de Vicente.
Exceeding pre-pandemic levels by 13per cent, Mango reported sales of €2.68 billion ($2.8 billion) last year. In the first half of this year, the brand's sales grew by 30 per cent over pre-pandemic levels, reaching €1.4 billion.