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UNOde50 plans extensive retail expansion with 20 openings in 2020

Montreal

Fashion jewellery brand UNOde50 has revealed plans to bolster its international business by expanding its retail footprint throughout 2020.

The Spanish brand, which has been gaining traction and increasing sales in the UK over the last couple of years, expects to open 20 stores in the next 12 months, with plans to strengthen its presence in America, Europe and Asia, as well as online via platforms such as Amazon and Asos.

According to The Global Business Fashion Journal, the company plans on fortifying its presence in the United Kingdom where the sales forecast of 2020 has been set to 70% following a strong 2019 under the leadership of sales director, Emma-Louise Gregory, and her team.

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Five new stores have already been confirmed for the United States, where it also executed two new openings at the end of last year. Rome is also on the scope of the group’s expansion plan, alongside China (where it plans to open six stores) and Russia.

The group equally aims to strengthen its presence online, with a forecast of 2020 sales of one million euros.

In its local market, UNOde50 will be increasing its presence in the department store chain El Corte Inglés with six additional openings, accounting for 30 points of sale in total.

BRAND TO WATCH: UNOde50 exceeds 2019 target for UK market

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The author Stacey Hailes

Editor, Professional Jeweller

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