Brookfield Properties, which owns Stonebriar, just inked a deal for seven Mango stores.
“Stonebriar has been on fire, and it’s getting a lot of attention and able to attract great stores such as lululemon and Samsung,” said Rob Michaels, senior vice president of leasing for Brookfield Properties.
Mango’s U.S. expansion comes as mall-based apparel retailers such as Gap closed dozens of stores during the pandemic and others such as Christopher & Banks and The Limited liquidated in bankruptcy.
The Galleria store will open this fall on the mall’s first level, near Tiffany & Co. Mango has opened eight stores so far in Florida and in the New York area, including a 23,000-square-foot flagship on Fifth Avenue. It plans to have 40 stores open next year.
Three more will be in Brookfield malls in Texas: Baybrook Mall in Friendswood near Houston and two in San Antonio at North Star Mall and The Shops at La Cantera.
“We have a very good portfolio of malls in Texas,” Michaels said. The mall stores will be in the range of 4,000 to 6,000 square feet depending on available space, Michaels said.
The other Brookfield malls where Mango has signed leases are in Atlanta’s Perimeter Mall and in California at Rancho Cucamonga’s Victoria Gardens and Glendale Galleria.
With annual sales of more than $2 billion, Mango is smaller than Spain’s other fast-fashion retailer Zara, which is one of the largest fashion retailers in the world with annual sales of nearly $30 billion.
Another fast-fashion competitor out of China, Shein, gained momentum during the pandemic. It clocked sales up there with Zara and Sweden’s H&M, according to estimates quoted in The Wall Street Journal.
Mango previously had a big footprint in the U.S. through an exclusive department store agreement with JCPenney. It started opening shops in Penney stores with its MNG by Mango label in 2011 and had expanded into 600 JCPenney stores when the partnership ended in 2015.
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