SPAIN: Mango looks to accelerate US push
"We are open to suggestions," business development vice president Jose Gomez said, adding that Mango could strike a deal in the next six to 12 months "if it finds the right partner."
Barcelona-based Mango hopes to open 600 shop-in-shops under the JC Penney alliance signed last year. So far, the company has opened 292 doors, most of which are located on the US East and West Coast.
The pret-a-porter chain, which sells "fashion for young and urban woman", will roll out another 200 doors by the end of August and another 100 by February 2012, Gomez added.
Under the alliance, JC Penney carries the 'MNG By Mango' label that was designed specifically for the department store and is a more casual version of the classical Mango line sold in the retailer's 1,700 global stores.
"Mango is pricier, caters to women aged 25 to 40 years old and has more dresses and suits," Gomez explained. "MNG's core market is 20-35 and is a smaller casual collection."
Mango, which recently opened a new New York flagship store, operates 12 standalones in the US. Gomez said it could install a "few more" by 2015 but that the company prefers to grow through the department-store circuit in the US.
"The US market is very competitive and not our core market for individual stores," he said. However, because of the "success" of the JC Penney partnership, the Mango brand has gained visibility, providing a launching pad for the broader Mango collection, he added.
Barcelona-based Mango already operates shop-in-shops in the UK, France, Germany and Latin America through department-store alliances.
The following is a general roundup of US apparel and shoe retailers' November 2011 sales results....
The new slimmed-down Liz Claiborne Inc, which in recent months has sold several under-performing brands including Mexx and its namesake Liz Claiborne label, has admitted it will also have to trim its ...
Growth in US same-store sales appeared to cool in October as weather and economic malaise weighed on retailers, putting extra pressure on businesses as they transition into the crucial holiday season....
Nearly 3,000 workers at a factory making clothes for Walmart, H&M, JC Penney, Forever 21, Pink and La Senza are set to go on strike to demand the reinstatement of three sacked unionists....
Manufacturer Tefron Ltd has narrowed its third quarter loss thanks to soaring sales of its seamless intimate apparel and performance activewear lines....
Department store retailer JC Penney Company Inc is losing key information technology executive Thomas Nealon, who is leaving the firm at the beginning of next month to look after a seriously ill famil...
US retailer JC Penney has appointed Michael Kramer as COO, effective 5 December....
- Yuan devaluation impact mixed for garment firms
- Will Vietnam struggle with impending trade deals?
- The new age of disruption on apparel production
- China devaluation: what’s the big deal?
- Gap bullish on China growth opportunities
- US Q2 in brief: J Crew, Aeropostale, Bebe Stores
- Luen Thai to continue investment in Vietnam
- Gap restructuring weighs on Q2 as profit falls 34%
- Ralph Lauren debuts biometic smart shirt
- China market woes could hit consumer spending
- Global Database of the Top 1000 Apparel Producers - Company Names, Financial Performance, and Contact Details
- Myanmar's Garment Sector in 2015 - now with updated members' directory
- Ethiopia – the emerging textile and clothing industry
- Global market review of lingerie - forecasts to 2020
- Global market review of swimwear - forecasts to 2019