Fueled by a global growth strategy mirroring Zara’s approach, Spanish fashion retailer Mango aims to increase sales to $4.3 billion by 2026. The brand registered a 8 per cent growth in sales to $3.62 billion during FY24.
In 2024, Mango also achieved a gross profit margin of 60.7 per cent while its profit expanded by 27 per cent. The company added 260 new stores with an approximate investment of $234 million during the year, taking its total store count to 2,800, with international locations accounting for 78 per cent of total sales.
Having re-entered the US market in 2022 with its flagship store in New York City, Mango plans to open over 60 additional stores in the United States by 2025-end, notes Tony Ruiz, CEO AND Chairman.
