Home / Knowledge / News / Apparel/Garments / Spanish apparel retailer Mango to cut prices by 20%
Spanish apparel retailer Mango to cut prices by 20%
07
Mar '12
Spanish apparel retailer Mango has announced a 20 percent reduction in prices on its entire Spring-Summer collection at its outlets worldwide.

The company said the cut in prices this season is being made to adapt to the new global economic condition.

The statement said the company felt it necessary to lower prices and offer on-trend items to its customers in view of the present economic situation.

However, the company clarified that the price has not been reduced uniformly by 20 percent on all items. It said the average discount price is 20 percent, which means the discount would be greater on some items while it would be less on some other products.

Mango hopes to increase the prices after the end of Spring-Summer season.

Mango spread outside Spain with the launch of two franchises in Portugal in 1992. Currently, it has 2,415 outlets across 107 nations and is the second-largest Spanish company after Inditex in exports of womenswear.

Mango group posted sales of €1.27 billion in 2010, the year for which financial results are last available. Mango's overseas stores contributed about 81 percent of this turnover.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 28th Feb 2017

China's textile & apparel exports up 10.2% in Jan 2017

Exports of textiles and garments from China resumed growth in the...

Apparel/Garments | On 28th Feb 2017

Delta Galil's Q4 operating profit jumps 80%

In the three months to December 31, 2016, operating profit at apparel ...

View of YiwuTex 2016; Courtesy: YiwuTex

Textiles | On 28th Feb 2017

Smart knitting system to grace 18th YiwuTex 2017

The thematic functional knitting machinery zone at the 18th YiwuTex...

Interviews View All

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search