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.

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