Mango saw profits and sales rise in its annual results, as the Spanish fashion brand unveiled plans to open 15 new UK shops in 2026.

Operating profit was up 13 per cent year on year (YOY) to £627.3m, as net profit also jumped 11 per cent YOY to £210.3m.

Sales increased 13 per cent YOY to £3.3bn, which also rose 16 per cent at constant exchange rates.

Womenswear represented 79 per cent of its total turnover over the year, as it remained the main pillar of its business.

Online revenues also make up a third of the company’s total sales to date.

Mango hailed its biggest ever investment of nearly £195.5m into its business model over the year, with a particular focus on its continued expansion and revamp of its store estate, its new Barcelona headquarters, and “developing technological capabilities”.

Speaking at a press conference at the business’s Barcelona headquarters on 5 March, Mango vice chair and chief expansion and franchise officer Daniel López told Drapers that it was targeting 15 UK shop openings this year.

It comes after 25 store launches in the UK last year, including on London’s Oxford Street and Kensington High Street.

López said: “It is an interesting market for us and we can see a lot of growth. We opened 25 new stores [last year] and for the 2026, the forecast is to open 15 more.”

In terms of Mango’s wider store estate and increased expansion plans, he said that bricks and mortar was important to bring the retailer “closer to customers”.

“We believe bringing Mango close to customers is what really helps us to be more creative and interact with customers, to guide them and give recommendations,” he said.

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