CHINA: Mango in major store expansion – reports
Apparel retailer Mango is planning a major expansion of its presence on the Chinese market, opening more than 200 stores next year, according to local reports.
Isak Halfon, expansion director of the Spanish company, was quoted by China Daily as saying that Mango wanted to more than triple its proportion of sales from the country in the next three years.
China currently accounts for about 3% of Mango’s global revenues through 100 existing stores, but the company would like that figure to rise to 10% by 2013, Halfon said.
Since entering the market, the company has rebranded its MNG stores as Mango and opened shops in Hong Kong and Macao, as well as outlets in Singapore and India.
Mango could not be reached to comment on the reports.
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