Mango Wants To Double The Number Of Asian Stores In Five Years.
Spanish clothing company
Mango
Jose Gomes, senior vice president of marketing development, said that Asia is an important market for the company, especially in South Asia. People in this area are very fashionable and are keen on beautiful dress and dress.
Although Europe is deeply in debt crisis and economic growth is slowing down, people are right.
Mango
Fashion demand is still good.
The growth rate of Mango in Europe is slower than that in emerging Asian markets.
"I am very satisfied with Thailand's business performance.
Mango brand has been warmly welcomed by local customers after entering the Thailand market.
He visited the region shortly before.
The company has accepted the "arm" of the Thailand central group's distribution side, the central marketing group (CMG), which is a distributor of Mango in Thailand.
CMG
It will focus on selling the H.E. brand of Mango, which provides men with cheap and fine fashions.
At present, CMG manages 7 Mango stores and sells MNG, Mango Touch and H.E. brands under Mango.
In order to cater to the high demand for fashion, CMG plans to open 16 new stores this year, with a total of 23 at the end of the year.
This year, the number of Mango stores in Thailand will increase to 3 times.
Jose Gomez said: "at present, Thailand is not the biggest market for us.
But we see the potential for growth.
Therefore, we are still expanding our categories of goods and increasing the number of stores in this area.
Thailand customers are easy to accept new trends.
He also said that Mango did not worry about Thailand's Mango imitations, because the turnover of genuine products was considerable.
"Every week, new products are sold around the world, and the imitations will soon give up imitation of our brand," he said.
In addition to women's wear, Mango began selling fashion accessories and men's wear in Europe a few years ago and began selling them in Asia last year.
Mango has branches in Indonesia, Singapore and Thailand, and there are 2500 stores in 107 countries.
The company wants to expand its business to Latin America and open new stores in newly established countries.
Mango expects its turnover to be $1 billion 600 million this year, an increase of 10% to 15% over last year.
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