Mango has reported impressive profit and sales growth in its recent annual results, announcing plans to launch 15 new stores in the UK by 2026.
Operating profit increased by 13 percent year-on-year (YOY) to £627.3 million, while net profit also rose by 11 percent YOY to £210.3 million.
Sales grew 13 percent YOY, reaching £3.3 billion, with a notable 16 percent rise at constant exchange rates.
Womenswear continues to be the cornerstone of Mango’s business, accounting for 79 percent of total revenue over the past year.
Additionally, online sales now make up a significant one-third of the company’s total revenues.
Mango has made its largest investment to date, approximately £195.5 million, focusing on expanding and updating its store network, enhancing its new Barcelona headquarters, and improving technological capabilities.
This follows the launch of 25 stores in the UK last year, including locations on London’s Oxford Street and Kensington High Street.
López emphasized the UK market’s potential, stating, “It is an interesting market for us and we can see a lot of growth. We opened 25 new stores last year, and for 2026, the forecast is to open 15 more.”
Discussing Mango’s strategy, he highlighted the importance of physical stores in bringing the brand closer to patrons, saying, “We believe bringing Mango close to customers is what really helps us to be more creative and interact with customers, to guide them and give recommendations.”
