Clothing Retailer Mango Targets Russia and CIS Countries for Expansion

Spanish clothing and accessories retailer, Mango, announced plans to double the number of stores it has in Russia over the next 3 years.  Mango representative, Aniko Kostyl, linked the expansion plan to Russia's very "fashion-oriented" consumer, as well as to the size and growth potential of the Russian market (second only to China in retail sales).  Kostyl added that Russia's growing middle class was a driving force in the retailer's expansion plans and would continue to shape demand in Russia's retail market over the next several years.  In addition to its plans for 200 stores in Russia, Mango also hopes to increase its retail presence in other CIS countries, including in Tajikistan and Turkmenistan -- the only CIS countries that are currently Mango-free.

http://www.reuters.com/article/2011/07/08/russia-mango-idUSLDE7670O120110708