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.
ALSO READ: Mango ropes in VaaniKapoor as brand ambassador
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.
RELATED ARTICLE Victoria’s Secret eyes stores in Indian malls
Join our community on Linkedin
CREDITS: Retail Gazette The article has not been edited by DFU Publications staff.