Mango Clothing Chain Looks to Expand in the Region

Company executives visited El Salvador to discuss malls and evaluate the possibility of investing in new stores.

Friday, July 8, 2011

The Spanish chain reported that its sales in Latin America have reported growth rates above 10%, which is encouraging them to explore the possibility of expanding in that market.

Isak Halfon, the Executive Vice President of International Expansion for the company, , said on a visit to El Salvador that "Latin America has got out of the financial crisis and is now growing," while José Gomez, the vice president of International Business Development, said "if things continue as they it will be a very prosperous decade for Latin America. "

"Executives reported that the number of stores that could be involved in the expansion in Central America has not yet been defined, however, Colombia will open 10 branches in the next two years," reported Elsalvador.com.



More on this topic

Clothing: New Investment in Panama Announced

January 2020

The Swedish chain of stores Hennes and Mauritz announced that among its expansion plans is the opening of a sales point in Panama, which would be the first in Central America.

According to an official statement that was released in mid-January, the plan of the company Hennes and Mauritz (H&M) is that its first store in the region will be open to the public by the end of the year.

Clothing: New Investment in Costa Rica

August 2019

The Colombian company Patprimo invested in the opening of two stores located in Curridabat and Escazú, with an estimated investment of around $800 thousand.

The South American company reported that the investment in the operation of the premises in Multiplaza Curridabat and Multiplaza Escazú totaled $800,000, and will sell clothing such as dresses, shoes, accessories, jeans, blouses, casual clothing and underwear, among other items.

Retail: Strategies for Attracting Millennials

April 2019

Offering low prices, promotions and discounts similar to those found in U.S. stores, is part of the bet that AR Retail seeks to attract customers, especially millennial, in the Costa Rican clothing market.

At the beginning of 2019, AR Retail, a company dedicated to the marketing of the brands GAP, Banana Republic and Old Navy, reported that it plans to invest $6.2 million over the next few years in the start-up of nine stores in the Greater Metropolitan Area.

Looking for Partners in Retail Clothing

May 2012

The organizers of Inexmoda are promoting contacts with Panamanian businessmen in order to open new stores and develop business with Colombian fashion brands.

"Panama has been chosen because it is a strategic country on route of the tour made by Inexmoda and Proexport in Colombia and other countries to encourage investors to participate in this space created with the purpose of bringing together Colombian brands and international businesses interested in expanding their markets by opening new stores and develop their business under expansion models such as franchises, licenses, exclusive distribution and joint ventures, among other things," reported Capital.com.pa.

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