Mango breaks sales record in the first half with 1,451 million euros

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The fashion brand Mango has broken its sales record in the first half, with a growth of 20% compared to the same period last year. In the first six months of 2023, the group owned by Isak Andic has earned more in the first half of this year, up to 1,451 million euros. The last year was already very positive for the firm, with a turnover of 2,688 million euros, 20.3% above that of 2021, surpassing its previous milestone, the 2,374.4 million obtained in 2019. If the pace continues current sales, everything indicates that Mango could once again surpass the 2022 record and is approaching 3 billion sales this year. The group hopes to exceed 90 stores in Italy “The good evolution of the first half strengthens our business model and our diverse ecosystem of channels and partners ,” said Toni Ruiz, general director of Mango.


International expansion and the commitment to increase the quality and average price of garments have contributed to this increase in sales. read also Maite Gutierrez This Wednesday, the company highlighted Job Function Email Database the progress in its key markets (it is present in more than 115 countries), such as Spain, the United States, Turkey, Italy and India, where it concentrates its main growth plans. In Spain, Mango plans to open more than fifteen stores and renovate another fifteen, figures similar to its development in Italy, where the company will increase its presence with fifteen openings in 2023 to exceed 90 stores in the country. Bet on India with the help of local partner Myntra In the United States it currently has ten points of sale and plans to open fifteen more establishments this year.



Its expansion plan in the states of Georgia, Texas and California, in cities such as Los Angeles, San Diego, Houston, Dallas, San Antonio or Atlanta. The company's goal is to reach around 40 points of sale in the United States by 2024 and for the country to become one of the top five markets in terms of sales. Other markets in which Mango has evolved significantly are Turkey and India, two of the strategic countries for the company. In the latter, the company operates hand in hand with its local partner Myntra, and this year it plans to open more than 35 stores, which would close the year with a network of more than 110 points of sale in the country. The firm will invest more than 200 million euros this year In total, Mango has a network of 2,615 points of sale in all its markets, after making more than 40 net openings since last December.