Mango to accelerate expansion with 10 new stores in India
By Retail4Growth Team | Retail4Growth Team | September 30, 2020
The company will open a new store at Infiniti mall in Mumbai with lined-up expansions in Ahmedabad, Chandigarh, Jaipur, Ludhiana and New Delhi. It has also planned to open standalone stores in Hyderabad, Surat and Lucknow.
The Spanish clothing design and manufacturing company, Mango prepares for expansion in India as malls reopen post-lockdown. The company under the sub-franchisee of Myntra aims to open 10 new stores in the country.
Daniel Lopez, Director of expansion and Franchises, Mango, stated “It is excellent news that the expansion plan we announced in 2017 is being implemented successfully. Myntra is an ideal partner for us, since it has the capacity to develop an excellent omnichannel strategy in India, one of the markets with the greatest potential in the world. I am convinced that we will continue to grow in India working alongside Myntra in the coming years.”
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The brand is all set to inaugurate a new store this October at Infiniti mall in Mumbai. The next openings are queued-up for Ahmedabad, Chandigarh, Jaipur, Ludhiana and New Delhi. It has also planned to open standalone stores in Hyderabad, Surat and Lucknow. The recent store additions will the increase the store count to 29, making India as the country with second highest number of stores in Asia.
“At Myntra, technology has been the key in enabling us to offer world-class experience to our customers. Our strategic partnership with Mango has given impetus to our efforts for the brand on the back of omnichannel technology. Mango’s expanding presence in India will give us additional opportunities of collaboration and delivering fashion to customers across the nation,” exclaimed Vishal Anand, Senior Director and head of offline, Myntra.