Spanish retailer Mango is embarking on a bold expansion plan in the U.S. as it looks to shed its fast-fashion image and position itself as a premium brand.
"We have also the opportunity to have bigger stores in the U.S.," he noted, adding Mango will open some multiline stores that feature men's and kids' items.
Mango's sales grew more than 10% in the U.S. this year and the company expects to see double-digit growth again next year.
The goal is part of a larger strategic plan at Mango focused on growing sales from about 3.1 billion euros annually to 4 billion euros by 2026.
We also have 500 people taking care of the product from end to end," said Ruiz.
Persons:
Toni Ruiz, Ruiz, Spain's Zara, Japan's
Organizations:
Sun, CNBC, D.C
Locations:
U.S, Barcelona, Los Angeles, Mango's, Spain, Pennsylvania, Washington, Massachusetts, Europe