Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Mango to focus on Russia and China as turnover rises 11% in 2011

Spanish womenswear chain Mango said turnover increased by 11% in 2011 to €1.4bn (£1.15bn) as it continues to focus on the Russian and Chinese markets.

Reporting its results for its 2011 full-year, Mango said it plans to open a further 80 retail outlets in China and another 30 in Russia because of the “huge growth potential” that exists in both countries.

The retailer said that 82% of its turnover for its 2011 financial year came from foreign markets while the remaining 18% came from its Spanish domestic market.

Online sales during the full-year period soared to a total of €36.2m (£29.8m), representing an increase of 72% on the previous year.

Customers in Europe, the US, Canada, Japan, South Korea, Turkey, China, Russia, Hong Kong, Macao, India, the Philippines and Malaysia can now purchase Mango products online.

Mango has said it plans to continue expanding online in 2012 and wants to double turnover through both its own website,, and by selling through partner websites.

In 2012, the brand will enter the markets of Myanmar and Pakistan, which will give it a presence in 109 countries.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.