Mango Sees 12% Growth by June, Doubling Last Year’s Pace

Mango defies geopolitics. The Spanish fashion company has concluded the first six months of the current financial year with a double-digit increase in turnover, almost double the increase recorded in the same period a year ago. The company has exceeded €100 million of investment up to June, most of which was earmarked for its retail park.

Specifically, Mango closed the first six months of the year with sales of €17.2 billion, 12% more than in the first half of 2024. That year, moreover, the company’s turnover rose by 6.3% during the same period. The company, which does not share earnings in its half-year results, has attributed this double-digit growth to the good reception of the latest collections and its “differential value proposition”.

Among the facts mentioned by the Spanish fashion company, highlights the opening of the first physical store Mango Home in Barcelona, or the incorporation of the model Kaia Gerber as the face of the brand. In comparable terms, or like for like, business growth would have been up to 14%, the company points out.

Mango concentrates 31% of its sales in the online channel

In terms of investment, Mango has allocated nearly €110 million to different projects during the first six months, 70% related to the opening or remodeling of its stores. In addition to the opening of its home line store, during the first half of the year the company has carried out 78 net openings and 30 refurbishments in countries such as Germany, the United Kingdom and the United States, where it recently reached half a hundred stores.

As a result, at the end of June the company had a total of 2,925 points of sale, compared to the 2,743 outlets it operated at the same point a year ago. The company is currently present in more than 120 markets, and concentrates 78% of its turnover outside Spain, in line with the previous year.

By weight, the leading market for Mango continues to be Spain, followed, in order, by France, Turkey, Germany and the United States. In parallel, the online business, led since April by Marlies Hersbach, represents 31% of Mango’s turnover, slightly down from 33% a year ago.