Spanish retailer Mango has proposed it will open 645,835sq ft of selling space throughout this year.
The fashion retailer is set to close all smaller sized stores and replace them with larger ones.
READ MORE:
This is part of Mango’s retail strategy to increase its average store size. Its store sizes have increased by 54 per cent since 2012.
“Specifically, 15,000sq m (161,460sq ft) correspond to 27 new company stores and 45,000sq m (484,380sq ft) to new franchises located around the world,” Mango said in a statement.
By the end of 2018, Mango boasted 211 stores in 110 countries, 20 of which opened in the same year.
Its average selling space also grew by 1.8 per cent from 8589600.51sq ft to 874,295sq ft.
Mango said it had recorded “a spectacular increase in online sales” last year, when ecommerce turnover rose by 15.4 per cent.
This year, the retailer predicts online sales will reach 20 per cent of the total turnover.
Click here to sign up to Retail Gazette‘s free daily email newsletter
