Home / Knowledge / News / Apparel/Garments / Fashion retailer Mango turnover surges 20% in 2012
Fashion retailer Mango turnover surges 20% in 2012
10
Apr '13
MANGO closed the 2012 financial year with a turnover of 1.691 billion euros for the MANGO MNG Holding S.L.U. Consolidated Group and subsidiary companies, a figure that corresponds to R.R.P. sales excluding VAT for company-owned stores, plus wholesale sales to franchises. This turnover figure represents an increase of 20% over 2011. Given the major international presence of the brand, 84% of turnover corresponds to foreign markets, and the remaining 16% to the domestic market.

During 2012, MANGO opened 197 stores throughout the world, 17 in Spain and 180 in foreign markets. These openings have allowed MANGO to consolidate its presence in the principal markets of Europe, Russia, the countries of the CIS, the Middle East and Asia. The chain entered the markets of Burma and Pakistan for the first time.

MANGO is continuing with its expansion plans in Europe, which remains the main market for the group, and is putting the new “megastore” concept into action, based on stores with a surface area of between 800 and 3,000 m2 and which include all the lines of the group (MANGO, H.E. by MANGO, MANGO Touch, MANGO Kids and MANGO Sport&Intimates).

In 2013, the firm plans to open new stores adopting this format in countries such as Spain, Germany, Belgium, France, Holland, Italy, Poland and Russia, including the largest store in Europe in Munich, measuring 2,300 m2, and the largest in the world in Ankara, measuring over 3,000 m2. In 2014, the brand is planning to launch two new lines: one whose concept is based on fashion for larger sizes and another aimed at a younger public, aged between 14 and 20.

Another of MANGO’s major commitments is South America, where the brand is implementing a broad plan of expansion, focusing primarily on Chile and Peru. In 2013 the firm plans to open, in both countries, MANGO, H.E. by MANGO and MANGO Touch stores, in order to reach a total of 32 stores in Chile and 24 stores in Peru. Furthermore, this year the brand is opting for two growing markets:  South Africa and Australia. In the next 4 years, MANGO plans to open an extra 40 stores in each one.

The brand’s expansion plans also include the Middle East, South-East Asia and the CIS countries. In the Middle East and South-East Asia, MANGO plans to open 20 stores in countries such as Saudi Arabia, United Arab Emirates, the Philippines, Indonesia, Malaysia, Kuwait, Qatar and Thailand, while in the former countries of the Soviet Union, such as Azerbaijan, Kazakhstan and Turkmenistan, among others, it plans to open 10 stores.

Company turnover for online sales during 2012 totalled 70 million euros, which represents a 93% increase on the previous year. MANGO, which is now available via the internet in 46 countries, principally in Europe, Asia and North America, plans to embark on its online expansion in the Middle East in 2013 and continue its expansion into the Asian markets.


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Jun 2021

Half of all cotton-growing regions face severe climate risks by 2040

Climate change could expose half of cotton-growing regions globally...

Pic: Beximco Ltd

Textiles | On 25th Jun 2021

BSEC offers letter of intent to BEXIMCO's Tk 3000-cr Islamic bonds

The Bangladesh Securities and Exchange Commission (BSEC) recently...

Pic: Shutterstock

Textiles | On 25th Jun 2021

Prime Content| Australian cotton production, exports to grow in coming season: TexPro

Australian cotton production and exports are expected to move up...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Textile Industry, Head honchos

Textile Industry
Head honchos

Always best to produce under our own supervision

Textile Industry, Head honchos

Textile Industry
Head honchos

Main challenges are breakdown of supply chain and shrinkage of manpower

Rishav Bajoria & Subham Sengupta,

Rishav Bajoria & Subham Sengupta

Launched in October 2020, the Gumti app could not have come at a more...

Nina Smith,

Nina Smith

GoodWeave International, a nonprofit working to end child, forced and...

Dhruv Toshniwal & Udit Toshniwal,

Dhruv Toshniwal & Udit Toshniwal

Launched a year ago, Fashions Pvt Limited conceptualises and sees D2C...

Pranesh Sridharan & Berndt Koll, Lenzing

Pranesh Sridharan & Berndt Koll
Lenzing

The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...

Dr Anup Rakshit, ITTA

Dr Anup Rakshit
ITTA

The Indian Technical Textile Association (ITTA) is the only association of ...

Wolfgang Plasser, Lenzing AG

Wolfgang Plasser
Lenzing AG

The Lenzing Group is an international company headquartered in Austria...

Abhishek Bajaj & Samiksha Bajaj, Samshek

Abhishek Bajaj & Samiksha Bajaj
Samshek

Samshek is a fashion forward tech brand which combines digital experience...

Sarah Denise Cordery, Sarah Denise Studio

Sarah Denise Cordery
Sarah Denise Studio

Manchester, England-based Sarah Denise Studio provides relevant fashion...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha & Jigar blends India's unique handcrafts...

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

Leave your Comments


June 2021

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


Advanced Search