Spanish fashion brand Mango has announced total sales rose 5.7% to €1.48bn (£1.3bn) excluding VAT in 2009 and has confirmed that it will open its 1,500th global store in 2010.
It also announced new stores and concessions planned in Berlin, Caracas, Dubai, Kuwait, Marrakesh, Melbourne, Moscow and Beijing.
Over three-quarters of the sales were achieved in foreign markets and the remaining 22% in its domestic Spanish market.
In 2009, Mango opened 161 new stores but just eight were in Spain with 153 abroad. Markets in Eastern Europe, the Middle East and Asia were consolidated, and the brand opened its first stores in Iran, Iraq, Belarus and Guatemala.
Mango said it is planning to open 59 stores in China this year, plus further stores in South Korea, Singapore and India, including two stores in New Delhi international Airport. Mango is also increasing its presence in Latin America with store launches in Venezuela, Chile, Peru and Mexico.
The company stressed that it also continues to expand in Western Europe.
Mango currently has 1,431 stores in 100 countries worldwide. The company will be opening its first ever stores in Mauritius and New Caledonia this year and plans to invest €100m (£88m) in new openings, store refurbishment and logistic and information systems throughout 2010.
It also intends to expand its 135-store HE Homini Emerito menswear chain, with openings planned in Germany, Holland and Pacific island New Caledonia.
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