Home / Knowledge / News / Apparel/Garments / Apparel retailer Mango eyes Russia, China for growth
Apparel retailer Mango eyes Russia, China for growth
16
Apr '12
Spanish apparel retail chain Mango plans to open 30 and 80 new retail outlets in Russia and China, respectively, to further tap the potential of these markets.

With continued focus on the Eastern hemisphere, Mango's profit for the financial year 2011 grew to € 1.4 billion, which is a year-on-year rise of 11 percent.

According to the retail chain, around 82 percent of its turnover in 2011 was contributed by overseas markets, while the remaining came from the domestic market.

Mango's online sales grew to € 36.2 million or £ 29.8 million last year, rising at a year-on-year rate of 72 percent.

Besides other factors, a well developed logistics system too plays a significant part in the company's success. The logistics system devised by the retailer in 2000 facilitates classification and distribution of 30,000 apparels per hour.

Established in 1984, Mango now operates with 8,600 employees, with 1,850 of them working at the Hangar Design Centre and at its Barcelona based headquarters.

Fibre2fashion News Desk - India


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

C. Dhandayuthapani
Mag Solvics Pvt. Ltd

ITME 2016 exploited our full strength like never before

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X