NEW YORK — Mango, the Spanish fast-fashion chain, has found a home for its first store here.
The company has negotiated a lease for an 8,000-square-foot space at 561 Broadway in SoHo, a person close to the deal said. Kate's Paperie, which occupies the space, will move to Spring Street between Lafayette and Cosby Streets.
Mango, which operates 808 stores in 78 countries, has been looking for retail space in Manhattan for years. In addition to SoHo, the company has focused on Fifth Avenue.
Last year, Mango began its expansion into North America, opening five stores in Canada. The company said it would open 25 more stores in Canada by 2010. Mango has been slower to position itself in the U.S. than competitors such as Zara and H&M, which have established beachheads in several U.S. cities.
Mango's first unit opened in Santa Monica, Calif., in November. Stores are planned for Los Angeles; San Francisco and Costa Mesa, Calif.; San Juan, Puerto Rico; McLean, Va., and Bellvue, Wash.
The company has said it wants to have 200 to 250 stores in the U.S. by the end of the decade.
Mango is based in Barcelona, where the firm opened its first store in 1964.