Uniquely among the main fashion brands, Spanish retailer Mango is positive about the first half of 2020.
Despite the measures to stop the spread of Covid-19, the chain did not suffer significant turnover losses in important European markets.
In “some of its main European markets” Mango sales are recovering quickly, the Spanish company states in a press release. Owing to a strong growth in online sales (+ 50 per cent), turnover remained quite close to the record levels of 2019.
By far the best results came from Belgium, where sales fell by just four per cent despite the coronavirus lockdowns. In four other very important markets (Germany, Russia, Switzerland and the Netherlands), sales went down between 10 and 14 per cent. However, the retailer did not report specifically about its Spanish home market, which was damaged quite badly during the six months in question.
