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.
Overview
- 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.