In the first half of the year, the company has ceased its direct
Posted: Mon Jan 06, 2025 8:33 am
Mango ends the first half of 2022 with a turnover of 1,214 million euros. 24.8% more than the previous year compared to 973 million in the previous year. In addition, it has announced record investments of more than 124 million euros, almost three times more than a year ago. This growth began accompanied by the pandemic, the outbreak of war in Europe and the arrival of good weather.
Growth was driven by the recovery of in-store traffic from April onwards, as well as social events. Toni Ruiz , CEO of Mango, points out that “ the evolution in the first half of the year is another sign of the new stage of growth that Mango is in .” “Our customers appreciate and value our product and we have accelerated our expansion and made our operations more efficient,” he adds. In this sense, the company has ended the first half of the year with an increase in gross profit compared to the same period in 2021.
operations united arab emirates number data in the Russian market. It has made a provision of 20 million euros.
The company has highlighted the evolution of its sales in Spain and France , where it has a plan to reach 300 points of sale by 2025. In the United Kingdom and Italy , where it will also make a significant effort to open stores.
Mango is also standing out in the United States, where it has begun opening a flagship store on Fifth Avenue in New York, a development plan that aims to reach a network of forty stores in the country by 2024. In India , the company has accelerated its development with the help of its partner Myntra, with the aim of having 50 points of sale and a forecast of between 15 and 20 more openings in the second half of the year.
Record investments from Mango
Their forecasts highlight that they aim to recover pre-pandemic sales figures by 2022. Mango ended 2021 with a turnover of 2,234 million euros, with a growth of 21.3% compared to 2020 and very close to 2019, when it achieved sales of 2,374 million euros.
The group will accelerate its investment pace with the forecast of exceeding 120 million euros in 2022 as a whole . This will mean almost tripling the investment of 2021.
Press Release.
Growth was driven by the recovery of in-store traffic from April onwards, as well as social events. Toni Ruiz , CEO of Mango, points out that “ the evolution in the first half of the year is another sign of the new stage of growth that Mango is in .” “Our customers appreciate and value our product and we have accelerated our expansion and made our operations more efficient,” he adds. In this sense, the company has ended the first half of the year with an increase in gross profit compared to the same period in 2021.
operations united arab emirates number data in the Russian market. It has made a provision of 20 million euros.
The company has highlighted the evolution of its sales in Spain and France , where it has a plan to reach 300 points of sale by 2025. In the United Kingdom and Italy , where it will also make a significant effort to open stores.
Mango is also standing out in the United States, where it has begun opening a flagship store on Fifth Avenue in New York, a development plan that aims to reach a network of forty stores in the country by 2024. In India , the company has accelerated its development with the help of its partner Myntra, with the aim of having 50 points of sale and a forecast of between 15 and 20 more openings in the second half of the year.
Record investments from Mango
Their forecasts highlight that they aim to recover pre-pandemic sales figures by 2022. Mango ended 2021 with a turnover of 2,234 million euros, with a growth of 21.3% compared to 2020 and very close to 2019, when it achieved sales of 2,374 million euros.
The group will accelerate its investment pace with the forecast of exceeding 120 million euros in 2022 as a whole . This will mean almost tripling the investment of 2021.
Press Release.