Growth of 18% and Expanding Global Presence

  • Mango Kids’ turnover exceeded €200m in 2022
  • 18% growth compared to the previous year
  • Physical stores account for 53% of total turnover
  • Online channel continues to grow since 2020
  • Mango Kids launched in 2013
  • Over 540 stores and presence in 70+ markets

Mango’s children’s line, Mango Kids, experienced a significant growth in 2022, with turnover surpassing €200m (£173m) including Mango Teen. Physical stores contributed to 53% of the total turnover, while online sales continue to rise since 2020. Launched in 2013, Mango Kids has expanded its presence with over 540 stores and a footprint in more than 70 markets worldwide. Berta Moral, director of Mango Kids, stated that the line aimed to provide quality garments at affordable prices for children and adolescents, reflecting the company’s passion for fashion.

Factuality Level: 8
Factuality Justification: The article provides accurate information about Mango Kids’ growth, turnover, and expansion in physical stores and markets. It also includes a quote from the director of Mango Kids that adds context to the company’s intentions behind launching the line.
Noise Level: 2
Noise Justification: The article provides relevant information about the growth of Mango Kids’ retail arm and its expansion into different markets, as well as the company’s strategy and vision for catering to various age groups. It also includes a quote from the director of Mango Kids. However, it lacks in-depth analysis or exploration of broader trends or consequences.
Financial Relevance: Yes
Financial Markets Impacted: Mango’s retail arm Mango Kids
Financial Rating Justification: The article discusses the growth of Mango Kids, a retail arm of the company, and its impact on financial performance with over €200m turnover. It also mentions the expansion of physical stores and online presence.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme events mentioned in the article.

Reported publicly: www.retailsector.co.uk