Mango will create "family stores"

Mango will create "family stores"

Spanish fashion group Mango wants to bring all of its fashion lines together in huge "family stores". The current store types, usually found in cities, will not disappear, as these megastores will merely be a new type of store, meant to triple the turnover in five years.

New formula will also be coming to Belgium

The Spanish group’s “family stores”, ranging up to 3,000 sqm, will offer all collections: its ladies' line, men’s line HE by Mango, the accessory line Mango Touch and its new children, sports and underwear lines. Additionally, Mango will be introducing a new line by February: Violetta, geared towards the larger sizes.

 

By the end of 2014, Mango aims to have some 200 family stores, especially in Europe. Within ten years the group hopes to have caught up to Zara. By the end of this year, thirteen family stores should have opened, with the first opening this month in Munich.

 

Barcelona, Bilbao, Paris and Dutch Maastricht are up next, with Luxembourg, Russia, Italy, Norway, Poland and Belgium also getting such a megastore. Mango has allocated 256 million euro this year, specifically for this project.

 

Goal: turnover of 5 billion euro

"We ended last year with 1.7 billion euros in sales. Our idea is to have a 5 billion euro turnover within the next four to five years”, vice president Daniel Lopez stated ambitiously. Mango aims to achieve this goal by further expanding the current store formulas, helped by organic growth and the new “family store”. Another three HE by Mango stores will be built in Germany, with another 5 Mango Kids in Spain and Germany.

 

At this point, Mango has over 2,600 stores in 107 countries, generating 84 % of its turnover outside of Spain.

Questions or comments? Please feel free to contact the editors


Ferrero and Unilever will create Kinder ice cream together

17/10/2017

Italian Ferrero has struck a deal with Unilever to create Kinder ice cream. Unilever already has plenty of experience in that area, with Magnum as one of its most iconic brands.

New CFO for Carrefour

17/10/2017

French supermarket group Carrefour appointed a new CFO after Pierre-Jean Sivignon decided to leave the company for personal reasons. His replacement comes from Fnac Darty: Matthieu Malige.

Danone mainly grows thanks to price increases

17/10/2017

Danone’s third quarter turnover grew 16.6 % to 6.454 billion euro, although that surge was mainly thanks to its WhiteWave acquisition. The company would have achieved a 4.7 % like-for-like turnover increase otherwise.

Walmart cut costs with new bags and receipts

17/10/2017

American department store chain Walmart cut 27 million dollars (23 million euro) in costs, thanks to several minor changes in its plastic bag and receipt approach. Its eCommerce investments are also starting to dwindle.

Spanish food company wants to acquire Continental Foods

13/10/2017

Spanish food company GB Foods wants to bid for Belgian Continental Foods next week. Two other companies are allegedly interested in the company which owns Devos Lemmens, Aiki and Royco.

Carrefour customers deliver groceries through Merci Voisin

13/10/2017

Supermarket group Carrefour launched a new platform in France, called Merci Voisin (Thanks neighbour). This allows customers to have their online orders delivered at home for a small fee by other customers, basically an Uber for groceries, sort to say.

Back to top