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Monday, 07 February 2022 15:25

Mango targets €1 billion online revenues by FY2022-end

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Spanish retailer Mango aims to generate a revenue of €1 billion by the end of this fiscal year. As per an Apparel Resources report, the retailer also plans to expand its brick-and-mortar store network in the current fiscal year. In 2021, Mango launched 221 new stores, taking its overall store count to 2,447. Its latest store was launched at Manhattan-based Fifth Avenue. It also launched the sustainable fashion brand Alter Made that offered the best of durable and timeless high-quality pieces with sustainable characteristics.

Known mainly for women’s wear, menswear and kidswear, Mango has over 16,000 stores across the globe. The brand was founded in 1984 with first website launched in 1995. In 2000, the brand opened its first online store. Its men’s line H. E. by Mango was created in 2008. It was renamed as Mango Man in 2014. Mango also launched a range for teenagers, Mango Teen, via a pop-up shop in Barcelona in September 2020. In 2021, Mango launched a new Mediterranean-inspired store concept to meet higher sustainable standards.