REAL ESTATE

Mango eyes China for aggressive growth

BY CSA STAFF

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.

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REAL ESTATE

Buffalo Exchange to open second Manhattan store

BY CSA STAFF

New York City Buffalo Exchange will open its second Manhattan store, in the Chelsea area, in late October.

The space will feature an ornate metal period facade, blue-green high ceilings, refinished hardwood floors and high windows. The warm decor is inspired by vintage travel postcards, which will also be on display. There are roomy, well-lit dressing rooms — nine women’s and two men’s — plus two buy counters, where customers can sell their clothes for cash or trade.

The store will open with inventory from Buffalo Exchange stores in Manhattan; Las Vegas; Austin; Houston; Dallas and Phoenix.

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REAL ESTATE

Football star Ray Lewis to open RL52 Realty & Gallery

BY CSA STAFF

Ft. Lauderdale, Fla. The NFL’s Baltimore Ravens star linebacker Ray Lewis announced Thursday that RL52 Realty will open a second Florida office on Oct. 27 in Ft. Lauderdale, Fla.

Lewis is co-chairman of the Fort Lauderdale-based commercial real estate advisory firm.

The new location, called RL52 Realty & Gallery, will offer business and sports professionals a venue to explore commercial real estate, franchise and other business opportunities. The environment will also offer a variety of programs by authors, artists, entrepreneurs and industry leaders sharing their creative and business insights for success and development.

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