11 March 2022, Mumbai:
Mango has seen profits rise to their highest level in almost a decade as its turnover neared its record 2019 levels.
The fashion retailer reported growth of 21.3% to £1.8 billion, with online sales accounting for 42% of turnover as profits rose to £56 million, trebled from the £17.6 million it saw in 2019.
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The retailer also increased its investment by 64% to £37 million, with the majority of these resources spent on accelerating its digital transformation and refurbishing the store network.
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CREDITS: Retail Gazette The article has not been edited by DFU Publications staff.
