Following a pause in the economy due to the pandemic, the family business has opened several stores worldwide in recent months.
The new openings include a 400 sq m store in Los Angeles and a similarly sized store in Manchester, England, as well as a new flagship in Bengaluru, India. Last year, Mango opened a total of 115 stores, mainly in the USA, where the clothing retailer’s outlets have tripled in size.
The company employs around 14,000 people and aims to differentiate itself from brands such as Shein and Primark by quickly moving upmarket. On Monday, Mango reported record sales of 3.1 billion euros ($3.39 billion) in 2023, beating its forecast after matching domestic rival Zara’s strong expansion in the United States.
The company plans to open 30 more stores in the United States, and make that market its third largest by 2026, as part of a plan to open 500 new shops worldwide in the next two years to reach 2,700 stores.
