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Mango shoots up its sales by 20% until June and exceeds the pre-coronavirus figures

Date: December 9, 2023 Time: 20:32:41

Mango closed the first half of the year with a turnover that is 20% higher than in the same period of 2022 and 30% more than in the first six months of 2019, which means that it has completely exceeded the pre-pandemic figures, according to The company reported this Wednesday in a statement collected by Europa Press.

The company has explained that the company’s online business grew by 10%, to over 150 million users and 435 million sessions started. Toni Ruiz, the company’s CEO, points out that his clients value Mango’s design and style proposal and also recalls the “ambitious international expansion plan” that the company has underway in an ecosystem of channels and ‘partners’.

During the first semester, Mango launched the ‘Capsule’ collection, which stands out “for the quality of its materials and finishes” and which is part of the commitment to improve products. The brand has highlighted “the good evolution” that key markets such as Spain, the United States, Turkey, Italy and India have had during the first six months of the year.

New openings in Spain

Mango plans to open fifteen new stores in Spain in the second half of the year, in addition to renovating another 15 stores. The company also plans to open fifteen stores in Italy, bringing it to more than 90, and in the United States, where it will go from 10 to 25 and has the goal of reaching 40 stores by 2024.

Currently, the company has 2,615 points of sale around the world, 40 more than at the end of last year, and plans to invest more than 200 million euros in 2023. With this international expansion, Mango strengthens its ecosystem of channels and partners .

Results by countries and channels

Present in more than 115 markets, Mango’s first six months were marked by the good performance of the company in the main geographies and in key markets such as Spain, the United States, Turkey, Italy and India, where the company has ambitious growth plans. expansion.

In Spain, Mango plans to extend its capillarity in the country with more than fifteen openings this year and the reform of an additional fifteen stores, figures similar to its development in Italy, where the company exhausts its presence with fifteen openings in 2023 to exceed 90 stores in the country.

In the United States, Mango currently has ten points of sale and plans to open fifteen stores this year, landing for the first time in the states of Georgia, Texas and California, in cities such as Los Angeles, San Diego, Houston, Dallas, San Anthony or Atlanta. The company’s goal is to reach around 40 points of sale in the United States by 2024 and for the country to become one of the top five markets in terms of turnover.

Other markets in which Mango has evolved notably are Turkey and India, two of the strategic countries for the company. In Turkey, the excellent sales performance in the first half is supported by strong growth in both the physical and online channels, while in India (where Mango operates hand in hand with its local partner Myntra) the company continues to accelerate its development with the opening of more than 35 stores in 2023 that will allow it to close the year with a network of more than 110 points of sale.

Walking on a sustainable path

In the first semester, Mango has continued to strengthen its sustainable roadmap with the creation, together with other large companies in the sector, of the Association for the Management of Textile Waste, with the aim of managing the textile and footwear waste generated in the Spanish market through a Collective System of Extended Producer Responsibility (SCRAP), give a collective boost to textile recycling in Spain and move towards a circular model through the correct management of waste from the sector.

For its part, in terms of biodiversity, Mango has once again partnered with the marine biologist, explorer and disseminator of National Geographic Manu San Félix to support the Declaration for the Mediterranean, an initiative promoted by San Félix himself for the protection and restoration of the sea through the creation of marine protected areas.

Likewise, as part of the project, Mango has launched a solidarity shirt and pants, the benefits of which will go to the Vellmarí Association, an entity led by San Félix, to promote a pioneering project to replant posidonia, an endemic marine plant in the Mediterranean great importance ecologically and economically.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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