We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Mar 29, 20244:00pm

Spanish retailer Mango to increase selling space by 60,000 square metres in 2019

The fashion company predicts to achieve this figure both by opening directly operated stores as through huge franchises and, parallelly, it will close small sized ones.

Dec 18, 2018 — 5:00pm
MDS
Save

Spanish retailer Mango to increase selling space by 60,000 square metres in 2019

 

 

Mango widens its network of stores. The fashion distribution group, number two in Spain in base to volume of business, estimates opening all through 2019 a commercial area of 60,000 new square metres.

 

The company has increased its network of stores ever since in 2021 it carried out a new transformation plan. Now, the plans of Mango contemplate the closure of small sized stores and balancing such operations with flagship stores and points of sale with wider surfaces.

 

Specifically, 15,000 square metres will correspond to 27 new directly operated stores and 45,000 square metres more to franchises spread around the world. By the end of 2017, the group had a total of 2,190 stores in 110 different countries. Last year, the group widened by 1.8% its surface for sales, going from 798,000 square metres to 812,000 square metres.

 

The group ended fiscal 2017 with a revenue of 2.19 billion euros, 2.9% less than in 2016, but reduced its losses, scoring a negative net profit of 33 million euros. 

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...