Grimoldi stock expands beyond footwear with Mango launch

Published on 10/07/2026 at 03:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Grimoldi stock adds Mango to its Argentine retail strategy after the first store generated ARS 121 million on October 6, 2026. Latest-quarter revenue also increased.

Grimoldi, ARP493071046, Illustration mit AI erstellt.

Grimoldi stock is broadening its retail model after the first Mango store in Argentina generated ARS 121 million in sales on its first Saturday. The result gives the footwear specialist an early operating signal as it moves into a larger apparel market.

Mango delivers an early sales signal

According to iProfesional on October 6, 2026, the Alto Palermo store recorded ARS 121 million in sales with value-added tax included during its first Saturday. The store covers more than 500 square meters and combines Mango womenswear and menswear.

The launch is more than a new brand on Grimoldi's shelves. The company is using the franchise to add apparel to a business historically centered on footwear, while its existing portfolio already includes brands such as Hush Puppies, Vans, Merrell and The North Face.

Quarterly figures show mixed signals

Investing.com lists August 11, 2026, as Grimoldi's latest reported release. Revenue for the latest quarter reached ARS 64,925.254 million, up from ARS 61,703.986 million in the previous quarter, a calculated increase of 5.2 percent.

The earnings picture remained more demanding. Net loss narrowed from ARS 1,971.223 million in the previous quarter to ARS 1,539.658 million in the latest quarter, while reported earnings per share stood at negative ARS 34.750. Revenue growth therefore came with a continuing loss, making the margin contribution from the new apparel operation an important future checkpoint.

Expansion depends on execution

The Mango project includes a second store planned for 2027, with the location still under consideration. Grimoldi's operating advantage is local retail experience, while imported merchandise and the cost of maintaining international brand inventory add execution requirements to the expansion.

The initial ARS 121 million sales figure is a store-level result, not a company forecast. Its importance lies in giving Grimoldi a measurable starting point for a business that reaches beyond its traditional footwear base.

Grimoldi stock stays tied to results

Grimoldi S.A. is listed on the Buenos Aires Stock Exchange under ticker GRIMm. The latest reported quarter combined ARS 64,925.254 million in revenue with a net loss of ARS 1,539.658 million, leaving operating performance and Mango's contribution as the central company-specific measures.