Global fashion brand Mango is accelerating its expansion across the United States with the opening of its first stores in Oregon, New Mexico, and Nevada.
Mango expands U.S. presence with new store openings in Oregon, New Mexico, and Nevada. – Mango
These strategic openings mark significant milestones in the company’s ambitious growth plan, which aims to strengthen Mango’s presence in key U.S. markets.
The new Oregon store is located in Pioneer Place, the heart of Portland’s bustling business district. Meanwhile, the New Mexico store is set in Albuquerque’s Coronado Center mall, and the Nevada store is opening at Fashion Show Las Vegas.
The newly opened locations feature Mango’s Mediterranean-inspired New Med store concept. Mango’s store in Oregon and Nevada offers products exclusively from its Woman line, while the New Mexico location carries both Woman and Man collections.
“We are thrilled to continue executing on our expansion plans,” said Mango’s director of expansion and franchises, Daniel López. “This opening reaffirms our deep commitment to the U.S. market, a fundamental pillar in our global strategy, as well as the positive reception of our differential value proposition by our customers in the U.S., a key market that is experiencing double digit growth.”
Mango first entered the U.S. market in 2006 and launched its expansion plan in 2022 with the opening of its flagship store on Fifth Avenue in New York City.
In 2024, Mango exceeded its goal of reaching 40 company-owned stores in the U.S., with recent openings in Pennsylvania, Massachusetts, and Washington D.C., as well as expansions in California and New York. The company also launched its second off-site logistics center near Los Angeles and introduced its omnichannel loyalty program, Mango Likes You, to American customers.
Looking ahead to 2025, Mango plans to open 20 additional stores, bringing its total to around 65 company-owned locations. Expansion efforts will focus on the Sun Belt and Northeast regions. Mango will also enter new markets in Connecticut, Arizona, Ohio, and Louisiana, while further expanding in California and Texas.
Amazon.com is considering a $15 billion warehouse expansion plan for about 80 new logistics facilities in U.S. cities and rural areas, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Amazon
The company is asking potential capital partners to submit proposals, according to the report, opens new tab, which said the facilities are expected to be mostly delivery hubs, but some would also include large fulfillment centers packed with robots.
Amazon said the projects were currently under discussion and have not been finalized. “Meetings like this with our capital partners are routine and part of the normal due diligence process, as we consider potential, future projects,” Amazon spokesperson Steve Kelly said.
Separately, the e-commerce company has canceled orders for multiple products made in China and other Asian countries, Bloomberg News reported, opens new tab, citing a document it reviewed and people familiar with the matter.
The orders for beach chairs, scooters and other merchandise from multiple vendors were halted after the sweeping April 2 U.S. tariff announcements, the report said, adding that timing of the cancellations, which had no warning, led the vendors to suspect it was a response to tariffs.
Amazon did not immediately respond to a Reuters request for comment on cancellation of orders for products made in China. China and the European Union announced new trade barriers on U.S. goods on Wednesday in response to steep duties imposed by U.S. President Donald Trump, escalating a global trade war that has hammered markets and raised the likelihood of recession.
China announced a tariff hike on U.S. imports to 84% from 34%, shortly after Trump’s punitive 104% tariffs on Chinese imports kicked in on Wednesday, as a standoff between the world’s two largest economies showed no signs of resolution.
Amazon spent heavily on its retail infrastructure during the pandemic, even incurring $2 billion in quarterly expenses for excess warehouse and transportation capacity. The company has since reined in those investments, focusing instead on its cloud and AI business.
It has more than 600 U.S. fulfillment centers, delivery stations and same-day facilities.
Prada SpA is nearing final approval to acquire struggling luxury brand Versace for around €1.25 billion ($1.4 billion) from Capri Holdings Ltd. despite the tariff-induced volatility, according to people familiar with the matter.
The board of the Milanese company, controlled by billionaire designer Miuccia Prada and her husband Patrizio Bertelli, is meeting Wednesday to sign off on the transaction, said the people, who asked not to be identified because talks are private.
Prada and Capri have been discussing a small reduction in the original price of nearly €1.5 billion due to Versace’s turnaround needs and tariffs, said the people, noting that they are on track to reach an agreement this week. The two companies are finalizing a few remaining technicalities and the formal approval is still outstanding, the people said.
Representatives for Prada and Capri declined to comment.
Prada has negotiated for months to buy the fashion house founded by Gianni Versace in the 1970s and known for its flashy, ready-to-wear designs. The Financial Times reported earlier Wednesday that Prada is closing in on the purchase after negotiating a discount of more than $200 million due to the impact of the trade war. The Wall Street Journal reported separately that talks to acquire Versace are at risk of collapsing at the eleventh hour with financial markets in historic turmoil.
Capri paid about €1.8 billion for the Versace brand in 2018. The purchase would return Versace to Italian ownership and put Prada in a better position to compete with bigger global luxury rivals such as LVMH and Kering SA.
The operator of Uniqlo, Japan’s Fast Retailing, is expected to post another quarter of strong earnings on Thursday, but the focus will be on how the global clothing chain navigates a trade environment thrown into disarray by new U.S. tariffs.
Reuters
Fast Retailing is expected to post a 14% rise in operating profit to 125.9 billion yen ($866 million) in the three months through February from a year earlier, based on the LSEG consensus forecast drawn from six analysts.
That would be a record for the second quarter and a near doubling of the 7.4% profit growth of the first quarter.
From one store in Hiroshima, western Japan, 40 years ago, Uniqlo has grown to more than 2,500 locations across the world, selling inexpensive fleeces and cotton shirts made primarily in China and other Asian manufacturing hubs.
But that business model has been upended by widespread tariffs announced by U.S. President Donald Trump, along with retaliation by some of America’s trading partners.
The company has recently looked to North America and Europe for growth due to a slowing economy in China, its largest overseas consumer market with more than 900 Uniqlo stores on the mainland. The tariffs will certainly be a negative for Fast Retailing, said independent analyst Mark Chadwick, but the measures will have the same impact on its retail peers and have a worse effect on other industries.
“Textile supply chains are probably more flexible than, say auto supply chains,” said Chadwick, who writes on the Smartkarma platform. “In short, U.S. tariffs will have a negative impact on Fast earnings looking out over the next 12 months, but less so than other global firms like Nintendo, Toyota.”
Fast Retailing shares have fallen more than 4% this month, as Trump laid out his tariffs plan. They are down 19% in 2025, after surging nearly 50% last year.
Its founder Tadashi Yanai, Japan’s richest man, aims to make his company the world’s No. 1 clothing brand. Yanai, due to speak at Thursday’s earnings briefing, has long been an advocate of free trade and has defended the company’s business dealings in China when human rights concerns there have sprung up.
Trump said Japan would be hit with a 24% reciprocal tariff on non-auto products, while duties on Chinese goods will rise to 104%.
UBS analysts said that Uniqlo goods shipped to North America are procured from sources outside China, and Fast Retailing’s tariff costs would be an estimated 34.3 billion yen next fiscal year, curbing business profit by about 6%.
“We will be watching closely whether a heightened price consciousness among consumers leads them to re-rate the balance between value and pricing at Uniqlo, potentially translating into business opportunities over the medium term,” UBS’s Takahiro Kazahaya wrote in a report this week.
Fast Retailing expects operating profit to reach 530 billion yen in the fiscal year ending in August, which would be a fourth straight year of record earnings.
Domestic sales have recently gotten a boost from a surge in duty-free shopping amid a tourism boom in Japan fuelled by a weak yen.
Entertainment8 years ago