Mango's 2014 turnover up nearly 10 % | RetailDetail

Mango's 2014 turnover up nearly 10 %

Mango's 2014 turnover up nearly 10 %

Spanish fashion group Mango's 2014 turnover has grown 9.3 % compared to the year before, with a huge online growth spurt thanks to 12 additional country-focused web shops.

Online growth

Mango's total turnover reached 2.017 billion euro in 2014, 80 % coming from abroad and 9.1 % from online sales. Last year, 12 countries received their own Mango web shop and that has brought its online total to 76. Mango's 2014 EBITDA reached 223 million euro.

 

The group also added 90 physical stores for its Mango Man brand in 2014, bringing the total to 240 stores in more than 40 countries (like Belgium, the Netherlands, Spain, Poland, Chili and Singapore). Mango Kids is present in 50 countries, with 150 stores, while its main chain, Mango, currently has more than 2,700 stores in 109 countries.

 

In 2015, Mango aims to invest 300 million euro into new store openings and the renovation of its current store network. It will also plan to expand its online reach, with additional web shops for countries in South America, Asia and Africa.

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