AddThis

Mango eyes China for aggressive growth

Barcelona, Spain Spanish apparel retailer Mango said Friday it plans to add up to 220 stores in China in 2011, as it seeks to more than triple the proportion of sales it gets from the country in the next three years.

The company will aim to add one outlet about every day-and-a-half to its 100 stores in the country, Isak Halfon, Mango’s expansion director, told Bloomberg. About 10% of sales will come from China by 2013, up from 3% now, he said.

“China is growing incredibly fast and has the most potential for store openings,” Halfon said, adding that at least 200 Mango outlets will open there next year.

Mango opened its first store in the country in 2002 and created a distribution hub in Shanghai in 2006.

The retailer operates 1,600 stores, of which about 60% are franchises.