Spanish Mango parts ways with JC Penney and focuses on stand-alone stores

Mango, the Spanish fashion brand that closely follows Zara as the preferred label amongst fashion-conscious Spaniards, will close its 450 concession outlets in JC Penney stores and focus on expanding in the US via stand-alone stores.

As announced by the Spanish fashion retailer, it has just seen 0.5 percent of its global sales through the American retailer.

As explained by Mango Tuesday, their agreement ends in February and won’t be renewed. Once the partnership is over, Mango will focus on growing its retail presence in the American market through stand-alone stores, including its existing stores in New York and Miami.

It is worth recalling that the privately held retailer has suffered from its international expansion, which has brought its stores to more than 100 countries. Its annual profit fell 11 percent in 2014 after investing in an international expansion plan.

Meanwhile, JC Penney posted a lower-than-expected loss for the second quarter, though the department store operator has struggled in recent years as sales declined, and it abandoned its attempt to go upmarket in 2013, reported Reuters.