Categories: Business

Mango redoubles its commitment to the United States

Fashion company Mango has moved to the other side of the pond after achieving its goal of opening stores this year in the US, where it opened 42 brick-and-mortar locations, two more than it originally planned to open. In addition, the Catalan multinational plans to continue opening 20 more stores in the United States over the next year.

Its expansion plan across the United States has created 600 new jobs over the past four years, a figure it hopes to double by the end of 2025. fundamental pillar” of its global strategy. For this reason, the company will invest $70 million (€66.4 million) in new stores between 2024 and 2025.


Tony Ruiz, CEO of Mango

Xavier Cervera

As such, Mango aims for the United States to be one of the three markets that contribute the most to its turnover by 2026 – it currently ranks among the top five markets. In this sense, he believes in the good reception his “differentiated value proposition” is receiving from American clientele and the fact that this market is “growing at double digits.”

The implementation in the United States is part of the 2024-2026 strategic plan, which aims to strengthen its “differentiated value proposition” by facilitating expansion and sales. In 2024, Mango established locations in Pennsylvania, Massachusetts, and Washington, D.C., and expanded into California and New York, among other openings. In 2025, Mango plans to expand to cities such as Seattle, Chicago or Las Vegas and end the year with approximately 65 of its own stores in the country.

Source link

Admin

Share
Published by
Admin

Recent Posts

Anne Hathaway will star in the film adaptation of the best-selling book, released on Prime Video

Anne Hathaway explodes in a terrifying role trueadaptation of the bestselling novel by Colleen Hoover.…

33 minutes ago

Gabriel Boric’s lawyer said Chile’s president received “explicit photos” from the woman who complained of sexual harassment against him

Gabriel Boric, President of Chile (archive)Counsel to the President of Chile, gabriel boricconfirmed it The…

35 minutes ago

Scientists call for increased prevention

HIV continues to be a major public health problem in Spain. Despite significant improvements in…

37 minutes ago

Should you buy electronics and home appliances on Black Friday? OCU warns about false discounts

Many of the sales that stores launch during Black Friday are just a mirage. They…

45 minutes ago

The 77-inch Samsung S93D OLED went on sale for €1,448 for Black Friday.

We are officially already in Black Friday And Samsung.com celebrates with Samsung S93D 77-inch OLED…

46 minutes ago

The second stage of the FIBA ​​European Cup will take place at the Bilbao Arena.

Following the excellent reception of the first round of the FIBA ​​European Cup held in…

50 minutes ago