Zara rival Mango posts record sales

Mango posted sales of $2.8 billion last year, a record for the fashion retailer, as it expanded in the U.S. and India. Sales in 2022 were 13 percent above pre-pandemic levels. Mango plans to expand to 40 U.S. stores, up from their current nine. "The United States is a great market and should become one of our top five very quickly," Ruiz added. It will expand the number of U.S. stores to 40 by 2024," said CEO Toni Ruiz.