Mango turnover of 1,691 million in 2012, 20 percent more than the previous year
Mango Umsatz von 1.691 Millionen Euro im Jahr 2012, 20 Prozent mehr als im Vorjahr
MANGO RESULTADOS
Mango facturó 1.691 millones en 2012, un 20 por ciento más que el año anterior
EFE Economía Barcelona 10 ABR 2013 - 14:40 CET
MANGO RESULTS
Mango turnover of 1,691 million in 2012, 20 percent more than the previous year
EFE Economy Barcelona 10 ABR 2013 - 14:40 CET
The fashion company Mango closed the year 2012 with a turnover of 1,691 million euros, 20% more than in the previous year.
In a statement, the company pointed out that 84% of this turnover corresponds to foreign markets, while 16% is the national market.
The focus on the international market is also reflected in the distribution of new shops: of the 197 starts recorded in 2012, 180 have been abroad and 17 in the domestic market.
Mango first landed in Myanmar and Pakistan, and invested in consolidating its presence in key markets in Europe, Russia, CIS countries, Middle East and Asia.
The company owned by Isak Andic nearly doubled its online sales, which amounted to 70 million, in the 46 markets in Europe, Asia and North America where it operates this service.
In 2013, Mango will invest 265 million euros to be allocated to new store openings, renovations of stores and logistics and information systems.
The brand come first in Angola, Equatorial Guinea, Mongolia and Zimbabwe, which have presence in 111 countries, "being the Spanish fashion brand more international"
The expansion plan of the company in Europe, its main market, goes through opening large format stores "megastore", which will integrate all lines of group-HANDLE, HE by MANGO, MANGO Touch, MANGO MANGO Kids and Sport & Intimates, and will have an area of between 800 and 3,000 square meters.
These facilities will be located in Spain, Germany, Belgium, France, Holland, Italy, Poland and Russia, among which is the world's largest store, opening in Ankara (Turkey) and will feature more than 3,000 square meters.
The company will also seek to strengthen its position in South America, where it plans to reach 32 outlets in Chile and 24 in Peru, as well as emerging markets such as South Africa and Australia, where it plans to reach 40 outlets each in the next 4 years.
In the same vein, Mango will open 20 outlets in the Middle East and Southeast Asia, in countries like Saudi Arabia, UAE, Indonesia, Malaysia, Kuwait, Qatar and Thailand.
Also opened ten new stores in countries that were part of the Soviet Union as Azerbaijan, Kazakhstan and Turkmenistan, among others.
Moreover, Mango hopes to return to double turnover online and start expanding this type of sale in the Middle East, as well as continued growth in Asian markets.
Mango is still committed to its male line, which has more than 100 outlets and will add 80 more this year, with the intention to reach 500 in the coming years and represent 10% of total turnover of the firm.
Throughout this year, the brand launched its child lines and lingerie, which in 2014 was joined by two more, one-size public and others for adolescents between 14 and 20 years.
Mango has 12,000 employees worldwide and has more than 2,600 outlets in 107 countries, figures increase over this year.
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