Mango Announces Record Sales and Aggressive U.S. Expansion Plan

The Spanish fashion retailer aims to make the U.S. its third largest market by 2026, following a year of record sales and significant global expansion.

• Mango achieved record sales of $3.39 billion in 2023, with online turnover reaching $1.1 billion.
• The company plans to open 500 new stores globally by 2026, with 30 more in the United States.
• Mango's U.S. business entered its top five markets for the first time, buoyed by a flagship store in New York.
• Net profit rose to $188.1 million in 2023, more than doubling from the previous year.
• The strategic plan, dubbed 4E, focuses on elevating the brand, expanding its presence, and empowering its workforce.

3 Articles

Forbes PYMNTS WWD