THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Desert Island Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
TRB conference review
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail Ecom North
Retail HR North 2025
Retail Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Mango profits soar

Mango has seen profits soar to the highest level in almost a decade as its turnover neared record 2019 levels. The company reported growth of 21.3… View Article

FASHION RETAIL NEWS UK

Mango profits soar

Mango has seen profits soar to the highest level in almost a decade as its turnover neared record 2019 levels.

The company reported growth of 21.3 percent to 2.234 billion euros, with online sales accounting for 42 percent of turnover. Profits rose to 67 million euros, trebled from the 21 million euros it saw in 2019.

Mango CEO, Toni Ruiz, said in a statement: “The 2021 results demonstrate the positive evolution of the company in recent years and is the result of the hard work of the entire team. Today, Mango is in an optimal position to face the future by promoting our brand and our product, remaining at the service of our customers and continuing our journey towards sustainability and operational excellence.”

Mango said demand for childrenswear grew 60 percent over 2019, with menswear, homewear and childrenswear accounting for 18 percent of turnover. Womenswear remains the company’s best category with a share of 82 percent.

“The year 2021 was also full of challenges and uncertainty, but we used the strength of the Mango brand to reinforce our position in the market, and at the same time increase our profitability, as we had promised,” Ruiz iterated.

In 2021, Mango investment rose to 45 million euros, representing an increase of 63.6 percent compared to the previous year. The majority of these resources were spent on accelerating its online transformation and refurbishing the store network.

Subscribe For Retail News