MANGO’s Post

Today we want to unveil another promising Catalan company that is succeeding worldwide! 🌟MANGO's Milestone Year 🌟 The Catalan #fashion powerhouse has just wrapped up its best fiscal year in history after earning 172 million euros. This remarkable growth, driven by record-breaking sales surpassing 3 billion euros, showcases Mango's resilience and innovation. 📈 Notably, Mango's international expansion remains strong, with overseas markets contributing 77% of total revenue. The company is also strengthening its dedication to traditional retail, planning to open 500 new stores by 2026 in markets such as Spain, the United States, India or Canada. 🌱 With a commitment to sustainability and transparency, Mango will disclose its full list of factories, setting a new standard in the industry. #Mango #Fashion #Growth #Innovation #investment

At Mango, we have spent four decades looking to the future and inspiring the world with our passion for fashion and our lifestyle through a differentiated value proposition.    We closed 2023 with record sales exceeding 3.1 billion euros, which represents a growth of 15% compared to 2022. By regions, our international business represents 77% of total turnover. Among the countries with the best results are Spain, France, Germany, Turkey and the US, which has entered the top 5 of the ranking of markets in terms of turnover.    By business lines, Man, Kids, and Teen performed strongly growing close to 20% and they now represent 11% and 8% of the total group turnover, respectively. Woman continues to be the driving force behind the group's sales with growth close to 15%.    In addition, this year, in which we are commemorating our 40th anniversary, we present the 4E 2024-2026 Strategic Plan. The new roadmap aims to achieve a turnover of more than 4 billion euros by 2026 through a differentiated value proposition, with a strong expansion drive and by improving sales in our existing stores network and online channel.    #Mango #Corporate #40thAnniversary 

Great news for the UK retail industry! Mango, the Spanish fashion brand, is set to open 20 new stores in the country this year. This is a much-needed boost for a market that has been struggling with constant retail bankruptcies and job losses due to both local and foreign players speculative tactics. According to Retail Week, Mango plans to expand its physical footprint in the UK, despite the challenges faced by the industry. This move shows a strong commitment to the UK market and will provide new job opportunities for many. Check out the article below for more information. #Primark annouced earlier this year strong commitment in the UK; renovating, expanding and opening new stores. I can wait to see #HM plans to reinforce one of their biggest market. #retail #fashion #ukfashion #mango #hmgroup #hm #primark #marksandspancer #next #asda #asos #brandstrategy #zara #cos #massimodutti Link: https://lnkd.in/eCEEsVZv

Great news for the UK retail industry! Mango, the Spanish fashion brand, is set to open 20 new stores in the country this year. This is a much-needed boost for a market that has been struggling with constant retail bankruptcies and job losses. According to Retail Week, Mango plans to expand its physical footprint in the UK, despite the challenges faced by the industry. This move shows a strong commitment to the UK market and will provide new job opportunities for many. Check out the article below for more information. #Primark annouced earlier this year strong commitment in the UK; renovating, expanding and opening new stores. I can wait to see #HM plans to reinforce one of their biggest market. #retail #fashion #ukfashion #mango #hmgroup #hm #primark #marksandspancer #next #asda #asos #brandstrategy #zara #cos #massimodutti Link: https://lnkd.in/eCEEsVZv

I have been reading up on Chinese #eCommerce platforms like SHEIN and Temu flooding the EU and US markets with cheap disposable clothes and accessories. Other fast #fashion brands have done the same before, but never with the same scale and growth rates. The new dominant players' success is based on several attributes compared to local retailers, one of which is admirably the reduction of middleman entities in the trade process. However, other vital factors include: 1) lower sourcing criteria, e.g. for the use of forced labour from Chinese concentration camps or of toxic chemicals found in a high share of Shein apparel 2) tax loopholes where small imported packages into the EU/US are exempt from duties unlike larger stock quantities - sometimes Shein would even split orders into separate parcels to keep each below the allowed threshold 3) subsidised below-value retail prices, e.g. at Temu - while this strategy is common among various startups, it now allows big businesses in #China - ruled by a totalitarian regime, to accumulate influence in Western markets. While free trade is generally beneficial to consumers, the current setup depends on a sourcing information blackout and anti-market arbitrage opportunities, admittedly caused by legislation issues in the West. So far, the EU and the US have demonstrated strong intentions to tighten their rules and close the respective loopholes. Moreover, fast fashion comes at a higher long-term cost, being among the top causes of environmental degradation and climate change. Although having access to cheap clothes seems enjoyable, consumers are luckily starting to consider ecological imperatives in their everyday choices.

🔴 𝐒𝐡𝐞𝐢𝐧'𝐬 𝐏𝐫𝐞-𝐈𝐏𝐎 𝐂𝐡𝐚𝐫𝐦 𝐎𝐟𝐟𝐞𝐧𝐬𝐢𝐯𝐞 𝐅𝐚𝐜𝐞𝐬 𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐑𝐞𝐬𝐢𝐬𝐭𝐚𝐧𝐜𝐞 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞 As Shein ramps up its pre-IPO efforts in Britain, it's encountering significant pushback from Europe's retail industry and lawmakers. With the European Union elections underway, there's increasing pressure on policymakers to protect the region's 1.5 million textile, footwear, and leather industry jobs from the influx of low-cost products. 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬 ▪ 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐂𝐨𝐧𝐜𝐞𝐫𝐧𝐬: European manufacturers are urging future EU policymakers to address the competitive pressures from cheap imports, drawing parallels to concerns about Chinese overcapacity in other sectors. ▪ 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬: The European apparel sector, home to giants like Zara and H&M, generates over €200 billion annually, with 99% of companies being small or medium enterprises vulnerable to global competition. ▪ 𝐒𝐡𝐞𝐢𝐧'𝐬 𝐏𝐨𝐬𝐢𝐭𝐢𝐨𝐧: Despite allegations of unfair advantage due to Chinese state subsidies, Shein denies these claims, emphasizing its growing supplier bases in Brazil and Turkey. 𝐂𝐨𝐧𝐭𝐞𝐱𝐭 Shein is also striving to improve its image in France and Germany. In France, where lawmakers have approved a bill targeting the environmental impact of fast fashion, Shein has expanded its second-hand clothing resale platform. In Germany, Shein is engaging with officials through initiatives like ESG breakfast roundtables. 𝐓𝐚𝐱 𝐋𝐨𝐨𝐩𝐡𝐨𝐥𝐞𝐬 Retailers in Europe are increasingly critical of tax loopholes that benefit foreign e-commerce platforms. These loopholes allow for duty-free imports of low-value parcels, which domestic retailers argue create an uneven playing field. 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐑𝐞𝐚𝐜𝐭𝐢𝐨𝐧𝐬 Key figures in the industry, including executives from Ryman and Next, are calling for government action to close these loopholes and ensure fair competition. As Shein navigates these challenges, its strategies and responses will be critical in determining its success in the European market and its potential IPO. #Shein #RetailIndustry #Ecommerce #EuropeanUnion #IPO #FastFashion #TaxLoopholes #Sustainability #BusinessStrategy

Poland plans to hike fees on Shein and Temu! 📈 📅 Poland eyes new regulations for Shein and Temu. 💸 Potential extra fees could drive up prices. 🇵🇱 Aimed at protecting local businesses. 🔍 Scrutiny increases as platforms dominate market. 🛍️ Consumers face higher costs, impacting buying habits. 📉 Government's plan aligns with broader European trends. ~~~ ✍️Will new fees change how you shop online? ♻️ Reshare if this resonates with you. 💌 Subscribe to MarketMaze for more insights. Link in bio. #Shein #Temu #AndrzejDomański

U.K. Govt slowly disconnecting itself from sustainable commitment or do they really not see the bigger picture here. Fast fashion exacerbates an already major problem for waste and promotes this to the younger demographic. Concerning #sustainability #sustainablefashion

Spanish retailer MANGO said it expects to close out the year with revenue over €3 billion ($3.3 billion), up by 12 percent over 2022. The fast-fashion brand disclosed the forecast for record full-year sales alongside plans to expand its network—adding 500 stores over the next three years—as well as presenting plans to reinforce governance by adding four independent board members. New board members include Marc Puig (chairman of his family’s Spanish cosmetics and fashion group), Jordi Constans (former Louis Vuitton and Danone CEO), investment banker Jorge Lucaya and business professor and governance expert Jordi Canals. Mango’s chief financial officer Margarita Salvans will also join the board of directors. CEO Toni Ruiz is set to acquire 5 percent of Mango’s share capital in a bit to “reinforce [the company’s] stability,” according to Mango’s statement. Read the full story https://bit.ly/3RvST2a

Vietnam has been promising for many years, and I truly believe its time is now. Last month, motherswork opened our first click-and-collect store in Ho Chi Minh City — the first of our expansions plans across the region. Learn more about premium international brands eyeing Vietnam’s growing middle class in this VN Express article. The Parentinc