Mango's turnover up to 1.691 billion euros

Spanish fashion player Mango has reported a turnover of

1.691 billion euros for the MANGO MNG Holding S.L.U. Consolidated Group and subsidiary companies in fiscal year 2012, 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 percent over 2011. As the company highlighted Wednesday, 84 percent of turnover corresponds to foreign markets, and the remaining 16 percent to the domestic market. This figure is also in line with Mango´s expansion policy, that saw 197 new stores opened worldwide in 2012, 17 in Spain and 180 abroad.

Company turnover for online sales during 2012 was up to 70 million euros, this is a quite relevant hike of 93 percent on the previous year. Mango, which is now available via the internet in 46 countries, principally in Europe, Asia and North America, has also revealed its plans to expand online in the Middle East in 2013 and continue its expansion into the Asian markets.

The forecast investment for the Group in 2013 is 265 million euros, which will be allocated to new store openings, store refurbishments, logistics systems and IT systems.

Europe remains the main market for the group, and as such will see more openings following their new “megastore” concept, 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 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.