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The Spanish fashion group Mango is expanding in Argentina with Falabella. According to company sources, Mango began operating on the platform of ecommerce group of Chilean department stores.
But in addition to the expansion on the canal online the group is preparing a new opening on the Argentine market before the end of the year. The information distributed worldwide through the portal America Retail and the site Modaes realized that Mango's plans are to elevate the blind to a point of sale in the city of Mendoza, also by the hand of Falabella.
The company will launch an establishment of 84 square meters of surface, in the departmental store that the Chilean group has in the Mendoza Plaza Shopping. The point of sale will be opened by a franchisee
Mango – who opened his first store in 1984 on the Paseo de la Gracia in Barcelona – is already present in Argentina with half a dozen points of sale in Falabella
At present, Mango's commercial network in the country is limited exclusively to the department stores that Falabella has. The Spanish company operates with half a dozen points of sale on the Aztec market, most of them in Buenos Aires, in addition to the online channel.
Throughout Latin America, Mango has more than 200 stores, concentrating its presence in Chile and Colombia as the markets with the largest number of establishments.
It has a commercial network of more than two hundred stores in Latin America
In addition, earlier this year, the fashion retail group launched a new store in Puerto Rico, specifically at Plaza Las América shopping center in San Juan.
Mango also operates in Mexico, Aruba, Bolivia, Chile, Costa Rica, Cuba, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Paraguay, Peru, Dominican Republic and Venezuela
The group Spaniard suffered losses during its last year, with a negative net income of € 61 million ($ 75.2 million) that Mango attributed to the impact of exchange rates and the plan of transformation of the company. The company 's turnover decreased by 3% to 2,260 million euros (2,786.8 million dollars).
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