Latest news with #MangoTeen
Fashion Network
4 days ago
- Business
- Fashion Network
Mango speeds up UK rollout of youth line Mango Teen
Mango will accelerate the expansion of its Teen line in the UK with the Spanish fashion giant saying it has identified a gap in the market for 'youthful, contemporary and quality' fashion, while also noting that the sector's witnessing 'growing teen spending power in the UK'. Supporting its expansion plan, the brand has given Mango Teen its third UK standalone store space at Glasgow's Buchanan Galleries, representing its first in Scotland and first outside of London. The expansion reflects the strong performance of the line since it was first introduced online in the UK in 2021 and the launch of the brand's first standalone Teen stores on London's Carnaby Street and in London Westfield last year. This has led to 'greater brand awareness among a younger demographic of consumers'. Deemed a 'priority market' for Mango, the UK was also the first international market to host a standalone Teen store, and currently the country leads the way with the greatest number of standalone stores. The latest expansion forms part of the brand's overall global growth plan, which saw the company double the number of standalone Teen stores in 2024 to more than 40, as well as its online presence to 95 markets. Berta Moral, global director of Mango Kids and Teen, said: 'Today's teens are turning to fashion to express themselves like never before. We see a clear gap in the market for contemporary, youthful fashion at a reasonable price point and our collection of timeless staples and modern pieces in eye-catching prints and quality fabrics is already resonating with this younger generation.'
Fashion Network
5 days ago
- Business
- Fashion Network
Mango speeds up UK rollout of youth line Mango Teen
Mango will accelerate the expansion of its Teen line in the UK with the Spanish fashion giant saying it has identified a gap in the market for 'youthful, contemporary and quality' fashion, while also noting that the sector's witnessing 'growing teen spending power in the UK'. Supporting its expansion plan, the brand has given Mango Teen its third UK standalone store space at Glasgow's Buchanan Galleries, representing its first in Scotland and first outside of London. The expansion reflects the strong performance of the line since it was first introduced online in the UK in 2021 and the launch of the brand's first standalone Teen stores on London's Carnaby Street and in London Westfield last year. This has led to 'greater brand awareness among a younger demographic of consumers'. Deemed a 'priority market' for Mango, the UK was also the first international market to host a standalone Teen store, and currently the country leads the way with the greatest number of standalone stores. The latest expansion forms part of the brand's overall global growth plan, which saw the company double the number of standalone Teen stores in 2024 to more than 40, as well as its online presence to 95 markets. Berta Moral, global director of Mango Kids and Teen, said: 'Today's teens are turning to fashion to express themselves like never before. We see a clear gap in the market for contemporary, youthful fashion at a reasonable price point and our collection of timeless staples and modern pieces in eye-catching prints and quality fabrics is already resonating with this younger generation.'
Fashion United
6 days ago
- Business
- Fashion United
Mango scales up Mango Teen in the UK with its first store outside London
Madrid – Mango continues to drive its teen fashion line, Mango Teen, internationally with the opening of a new standalone store in the strategic UK market. The company has chosen to scale up operations for this line, launched in 2021 as part of its diversification strategy. This marks the first standalone Mango Teen store to open outside London, and within Scotland. Launched by Mango as a capsule collection and a pilot initiative for diversification in September 2020, Mango Teen became an independent chain by April 2021. The first physical points of sale were pop-up stores. During that same year, Mango began laying the groundwork for solid international expansion of its new Mango Teen line, selling its first collections in selected international markets online. The UK was one of these markets. Mango management reports that the strong performance of its young fashion line has remained constant since then. It has experienced even greater and more accelerated growth following the opening of the first standalone Mango Teen stores in 2024 in London, on Carnaby Street and in Westfield London. These two points of sale have helped the brand achieve greater visibility among young British consumers in recent months. Their increasing purchasing power and inclination to consume create an environment that Mango sees as particularly favourable for Mango Teen's growth in the UK. Based on this analysis and context, Mango management has decided to accelerate its Mango Teen growth strategies for the UK with the opening of new standalone points of sale. This decision has already been put into action with the opening of the third Mango Teen store in the country on Friday, 1 August. This new point of sale opened its doors inside Buchanan Galleries in Glasgow. It is the third standalone Mango Teen store in the UK, the first outside London, and the first in Scotland. 'Teenagers today use fashion to express themselves like never before,' says Berta Moral, global director of Mango Kids and Teen. 'As a result, we see a clear market niche for contemporary, youthful fashion at affordable prices.' Mango states that the UK market shows a growing purchasing power among British teenagers. Moral highlights that their collection of 'timeless basics and modern pieces with bold prints and quality fabrics is already connecting with this younger generation'. With the intention of taking advantage of all the opportunities that may arise from this connection, 'we are accelerating the expansion of Mango Teen in the UK with the opening of new standalone stores for teenagers and stylish new collections'. Annual double-digit growth From a business perspective, Mango management frames the expansion of Mango Teen in the UK within the execution of its new strategic Plan 4E for 2024 to 2026. This roadmap integrates the global expansion plan designed for Mango Teen. Its implementation led to a doubling of the number of standalone stores for the chain in 2024. The year closed with over 40 stores and an online presence in 95 markets. In terms of turnover, Mango Teen and Mango Kids closed the 2024 financial year with sales of around 293.19 million euros. This represents growth of over 19.18 percent compared to the 246 million euros generated by both lines in 2023. This rate is higher than the +18.84 percent growth experienced in 2023 compared to 2022 results. In summary Mango accelerates the international expansion of Mango Teen with a new standalone store in the UK. Located in Glasgow, this is the first standalone Mango Teen store in the country outside London and in Scotland. It demonstrates the growth strategy that the brand will pursue in the British market, taking advantage of the growing purchasing power of younger generations of consumers. With results presented jointly, Mango Teen and Kids experienced sales growth of +19.18% in 2024, driven by expansion and connection with young fashion consumers.
The Herald Scotland
01-08-2025
- Business
- The Herald Scotland
Hotel developer gets public contribution cut after mistake
The City of Edinburgh Council said payment recalculation of around £75,000 relates to the redevelopment of a former Debenhams on Princes Street. It is for the planned first Zedwell hotel, with 328 conventional rooms and 350 capsule pods, rooftop bar and retail space at ground level. A report to councillors showed they had "resolved to grant planning permission, subject to the conclusion of a legal agreement for developer contributions, including the net sum of £237,648 towards tram infrastructure". The report continued: "However, the correct net tram contribution sum is £162,111. This is due to previous errors in the figures for the existing and proposed tram contributions." The council report added policy "requires contributions to the provision of infrastructure to mitigate the impact of development". It added: "The Action Programme and Developer Contributions and Infrastructure Delivery Supplementary Guidance sets out contributions required towards the provision of infrastructure." The report continued: "Developer contributions towards tram infrastructure were originally based on a figure of £811,854 for 11731.87 square metres of existing retail." It pointed to: "There was also an error in the calculation for the proposed scheme - the figure of £1,049,50 based on 328 bedrooms and 719 square metres of dormitory style rooms. This figure should be £1,004,208." It added: 'An amended legal agreement is necessary to secure the correct total infrastructure contribution of £375,393. The previous total contribution calculated was £450,930.' Fashion giant opens first branded Teen store in Scotland A global fashion giant is today opening its first branded store in Scotland specifically directed at young people. Mango is launching its newest store, which will also bring new jobs to the country's largest city. The store brings Mango Teen to Scotland for the first time, "strengthening the brand's growing presence across the UK". Mango today opens Mango Teen store in Buchanan Galleries, Glasgow creating 10 new jobs. Around the Greens ⛳ Scotland's newest golf course opens for play today This article appears as part of Kristy Dorsey's Around the Greens series The driving force in the creation of what is widely regarded as Canada's top luxury golf destination, Ben Cowan-Dewar began his career as a golf tour operator and moved into resort development with the 2012 debut of Cabot Links on Cape Breton, a tiny island near Nova Scotia.
Glasgow Times
01-08-2025
- Business
- Glasgow Times
Mango Teen opened first store in Glasgow's Buchanan Galleries
Mango has opened the new store in Glasgow's Buchanan Galleries, creating 10 new jobs. The store, which is the third Mango Teen to open in the UK, offers a full range of clothing, footwear, accessories and sportswear for young people, with designs inspired by Mediterranean style. Fiona Cullen, international regional director for the UK and Ireland, said: 'Our new Teen store in Glasgow is a confident step forward for Mango, building on the strong progress we have made over the last year to broaden the appeal of Mango to even more customers across the UK. 'Buchanan Galleries is the perfect home to introduce our fresh, youthful and versatile Teen collection to the city's young people, in a store format that truly represents the Mediterranean soul of our brand.' (Image: Teen) READ NEXT: This supermarket is the first in Glasgow to pay staff at least £13 an hour The opening of the 3000 sq ft Glasgow store follows the UK launches in Carnaby Street and Westfield London. This store features Mango's signature New Med interior design, using natural materials, warm tones and sustainable elements. Mango Teen, launched in 2021, is currently expanding rapidly, aiming to double its number of stores to more than 40 by the end of 2024, alongside an online presence in 95 markets. The concept forms a key part of Mango's 2024–2026 4Es strategic plan, which focuses on broadening the brand's reach through global store expansion. Mango plans to open a further 500 new stores worldwide over the next three years, including 20 in the UK in 2025. Read more: Inside the plans for major Buchanan Galleries refurbishment Berta Moral, director of Mango Kids and Teen, said: 'We first launched Mango Teen after we noticed a gap in the market for fresh, contemporary fashion for young people. 'This latest standalone store opening for Mango Teen in the UK, and our first in Scotland, demonstrates that this appetite for youthful, vibrant designs hasn't gone away – far from it. 'We're focused on continuing to grow our offer for younger audiences and establishing the UK as a key market for Mango Teen.' Mango currently operates five stores in Glasgow and eight across Scotland. The company ended 2024 with more than 80 stores in the UK, in addition to its online platform and other digital marketplaces.
