Daily Newsletter

15 July 2024

Daily Newsletter

15 July 2024

Mango value offer, designs, new stores lead to ‘strongest ever’ H1

Spanish fashion group Mango says it has recorded its strongest first half financial results in the company’s history with a 6.3% increase in revenue to €1.54bn ($1.68bn) with an industry expert noting its elevated designs continue to resonate with shoppers.

Hannah Abdulla July 15 2024

Mango has ambitious expansion plans around the world, especially in the US with more new openings expected. In Spain, Mango plans to open around 20 new stores in 2024, especially for its Mango Teen line. The company has just opened a new Teen store at Passeig de Gracia, in Barcelona. Credit: Shutterstock.

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Buy report

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GlobalData's latest report offers comprehensive insight and analysis of the clothing and footwear market, the major players, the key trends, and consumer attitudes. Per our analysis, fashion’s continued casualization will drive sportswear outperformance. Demand remained strong post-pandemic in 2022, as consumers continued to favor comfort and resonate with the athleisure aesthetic. However, in 2023, sportswear became the latest market to be hit by ongoing inflationary pressures in Europe and the US.

Buy report

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