Spanish fashion chain Mango's turnover grew more than 9 % in the past fiscal year when compared to last year's numbers. A large online sales boost was the main contributor to that turnover surge.
"Keep investing in online services"
Mango's total turnover grew 9.3 % in the past fiscal year, to 2 billion euro. In its home territory, Spain, turnover grew 16 % to 375 million euro, while the rest of Europe managed a 4 % turnover increase to 843 million euro. The rest of the world achieved a 12 % turnover increase, to 797 million euro. Despite the turnover growth, net profit did drop 14 % to 77.8 million euro.
Online turnover grew an astonishing 48 % to 183 million euro, which means that online sales now represent nearly 10 % of the group's total turnover. Mango launched its online store in an additional 12 markets, including Colombia and Australia. Not only that, it also launched an app, doubling its number of mobile website visits and turnover.
"We will keep investing to improve our online services", vice president Jonathan Andic said in a press release. "The development of our mobile app and website have led to online sales in 76 countries and our goal for 2015 is to expand our services to other countries, whether that is done directly or through local partners."