Mango profit grew strongly in 2013 | RetailDetail

Mango profit grew strongly in 2013

Mango profit grew strongly in 2013

Spanish fashion brand Mango has closed its 2013 fiscal year with a 1.85 billion euro turnover, which is a 9 % increase compared to 2012. Its international turnover represented 83 % of total turnover.

Megastores expansion

Profit also grew 9 % to 120.5 million euro, despite huge investments in new stores which brought together several brands like Mango Kids, H.E. by Mango and Mango Touch. The megastore concept was introduced in 2013, something Mango will expand in 2014.

 

Mango's online turnover grew 77 % in 2013 to 124 million euro, which represents 6.7 % of total turnover. Mango is currently available online in 64 countries (on a total of 105 markets) and it wishes to expand into Australia and several Latin American markets.

 

Mango expects to invest 300 million euro next year, mainly in new stores and store renovations.

Questions or comments? Please feel free to contact the editors


Ahold Delhaize launches digital lab in the United States

22/05/2018

Ahold Delhaize’s American division will found a new company focused on digital innovation: Peapod Digital Labs will become a lab for new digital, eCommerce and personalization strategies. 

Carrefour forced to shut down hundreds of Dia stores

22/05/2018

Carrefour has not found a buyer for hundreds of its former Dia stores in France yet. That may force nearly 230 stores to shut down.

Carrefour and Tencent launch high-tech store in Shanghai

22/05/2018

The recently launched ‘Le Marché’ store formula, a first collaboration between Carrefour and Tencent, allows customers to pay with face recognition at unmanned checkouts.

Hoegaarden moves part of production to Vietnam and China

18/05/2018

Hoegaarden experiences strong growth in Asia, but is losing ground in Europe. That is why AB InBev will move part of the production to China and Vietnam: the brewery in Hoegaarden will lower cut its production days by 2 a week.

Holland & Barrett wants vegan stores

17/05/2018

British health chain Holland & Barrett (previously known in the Benelux as Essenza) plans to open completely vegan stores, a trend the chain needs to follow according to CEO Peter Aldis.

Nestlé on a diet: cuts back sugar, fat and salt levels

17/05/2018

Nestlé wants to lower its sugar, salt and fat levels to play into the global demand for healthier food.