×
73 810
Fashion Jobs
MICHAEL KORS
Part Time Sales Supervisor, Easton Town Center - Columbus, oh
Permanent · Région métropolitaine de Columbus
SACK OFF 5TH
Asset Protection Uniformed Guard
Permanent · ELIZABETH
SACK OFF 5TH
Asset Protection Uniformed Guard
Permanent · WOODBURY
SACK OFF 5TH
Asset Protection Uniformed Guard
Permanent · BRIDGEWATER TOWNSHIP
SACK OFF 5TH
Asset Protection Uniformed Guard
Permanent · PARAMUS
SACK OFF 5TH
Asset Protection Uniformed Guard
Permanent · NEW YORK
SACK OFF 5TH
Asset Protection Guard
Permanent · COSTA MESA
AESOP
Part-Time Retail Consultant | Fairfax
Permanent · Los Angeles
AESOP
Part-Time Retail Consultant | Coconut Grove
Permanent · Miami
THE REALREAL
Inside Sales Luxury Account Manager (Luxury Account Specialist) - West
Permanent · Los Angeles
THE REALREAL
Loss Prevention Specialist
Permanent · Secaucus
AMERICAN EAGLE OUTFITTERS
Supply Chain Analyst - Quiet Platforms
Permanent · PITTSBURGH
TJX COMPANIES
Senior Financial Analyst
Permanent · Framingham
TJ MAXX
Loss Prevention Detective 239
Permanent · St. Louis Park
TJ MAXX
Loss Prevention Customer Service Associate
Permanent · Milwaukee
HOMEGOODS
Assistant General Manager
Permanent · Tucson
MARSHALLS
70122-pt Cleaning Associate - Now Hiring
Permanent · Las Vegas
TJ MAXX
Loss Prevention Detective - Southland
Permanent · Miami
ON RUNNING
Head of Logistics
Permanent · PORTLAND
CENTRIC BRANDS
Director, Sales (Izod)
Permanent · New York
ULTA BEAUTY, INC.
General Manager
Permanent · Gretna
ULTA BEAUTY, INC.
Retail Operations Manager
Permanent · New Caney
By
Europa Press
Translated by
Emily Jensen
Published
Aug 21, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Mango ends 2016 with a loss for the first time in its history

By
Europa Press
Translated by
Emily Jensen
Published
Aug 21, 2017

The fashion brand Mango lost 61 million euros in 2016 after obtaining net profits of 4 million euros the previous year. According to the company, this marks the first time in its history that Mango has reported a loss.


Mango fall-winter 2017 - Mango


Mango attributed its entry into the red to an unfavorable exchange rate and the implementation of a new business plan for the company.
 
With regards to sales, Mango ended 2016 with 2.260 million euros in sales compared to 2.327 million in 2015, representing a 2.9 percent drop. The Spanish company has nonetheless stated that an increase in sales in the past year “suggests that 2017 will see a return to profits.”

The company also touted investments made in 2016, a total of 138 million euros primarily for new store openings, an increased emphasis on the fast-fashion model, and the opening of a new logistics center in Barcelona.
 
The brand’s earnings before tax reached 77 million euros compared to 170 million in 2015, primarily as a result of sales failing to meet expectations in the first quarter of 2016.
 
Despite those setbacks, the company has stated that 2017 will be a stronger year and expects its earnings before tax to surpass 150 million euros.
 
International sales made up 79 percent of Mango’s profits in 2016, while sales in the Spanish market made up 21 percent. Profits for its “Man,” “Kids,” and “Violeta” lines have grown from 14.7 percent to 17.6 percent of total sales.
 
First semester of 2017

Figures from January to June of 2017 surpassed the company’s goals, with sales growing 45 million euros compared to the previous year and Mango’s earnings before taxes reaching more than 30 million. 

Mango’s executive vice president Daniel López indicated that the company is “optimistic with respect to 2017” and underlined that recent changes in structure will help Mango remain one of the largest multi-national companies in the fashion sector. 

Online sales and stores 

Online sales of products increased in 2016 in the group as a whole, with a 25.6 percent growth to 294 million euros.
 
Mango ended the 2016 period with 191 megastores, 24 of which were opened in the past year, and a total of 2,217 stores across 110 countries. Its total global square footage adds up to 798,000 square meters.   
 

Copyright © 2023 Europa Press. Está expresamente prohibida la redistribución y la redifusión de todo o parte de los contenidos de esta web sin su previo y expreso consentimiento.