Popular now
Lululemon lowers full-year guidance after Americas slowdown

Lululemon lowers full-year guidance after Americas slowdown

British Land opposes ‘unacceptable’ TG Jones restructuring plan

British Land opposes ‘unacceptable’ TG Jones restructuring plan

UK retail footfall drops 2.6% as heatwave slows shopping recovery

UK retail footfall drops 2.6% as heatwave slows shopping recovery

Mango achieves 2024 US expansion goals

Mango achieves 2024 US expansion goals

On this episode of Talking Shop, we're joined by Dan Cate, CEO and Founder of SoldThrough. Dan is a heavyweight retail executive who has spent decades steering the merchandising and digital operations of America’s most iconic retail institutions, from Saks Fifth Avenue and Bloomingdale’s to Century 21 and Lord & Taylor. Today, through his platform SoldThrough, Dan helps international fashion brands cross the Atlantic and crack the notoriously brutal U.S. retail landscape. We break down his journey from the shop floor to the C-suite, the operational indicators that prove a brand is truly ready for international expansion, and how to navigate a fragmented American market without destroying your margins. We also discuss how to balance localised inventory with central efficiency, and the one non-negotiable metric that tells you a product has found genuine market fit.

Register to get free articles

No spam Unsubscribe anytime

Want unlimited access? View Plans

Already have an account? Sign in

Mango has achieved its goal of reaching 40 company owned stores in the US by the end of 2024 ahead of schedule.

Alongside this, the company has revealed that it plans to exceed the goal by having 42 open at the close of the year.

In 2025, Mango plans to open more than 20 stores in the US, including its arrival in Seattle, Chicago and Las Vegas, among other locations.

This will result in around 65 company owned stores open in total across the country by the end of 2025.

Mango also expects to double its workforce to more than 1,200 employees across the U.S. by 2025.

As part of its expansion plan in the U.S., Mango has recently launched its second off-site logistics center in the country, outside of Angeles.

The United States is currently one of Mango’s five main markets and the company aims for the country to be in the top three ranking in terms of turnover by the end of 2026.

Daniel López, Mango’s director of expansion and franchising, said: “This achievement represents a moment of pride for the entire Mango team and reaffirms our deep commitment to the U.S. market, a fundamental pillar in our global strategy. Reaching 40 owned stores is a testament to the hard work and dedication of our employees, as well as the positive reception of our differential value proposition by our customers in the U.S., a key market for us that is experiencing double digit growth.”

Previous Post
Boohoo repays £50m of £97m loan following fundraising drive

Boohoo repays £50m of £97m loan following fundraising drive

Next Post
UK retail sales dip 3.3% in November

UK retail sales dip 3.3% in November