Home / Knowledge / News / Apparel/Garments / Fashion retailer Baltika's sales revenue slips 2% in June
Fashion retailer Baltika's sales revenue slips 2% in June
04
Jul '14
Baltika’s consolidated sales revenue from continued operations for June totalled 4,165 thousand euros, decreasing by 2% compared to the same period last year.
 
Baltika’s consolidated retail sales revenue for June was 4,020 thousand euros, decreasing 2% compared to the same period last year. Wholesale increased by 1% compared to June in previous year, e-com sales increased by 33%.
 
Retail sales increased in Baltic states by 1%, thereof in Latvia +13%, in Lithuania +3% and decreased in Estonia by 5%. In Russia retail sales decreased by 15% compared to same period previous year. In local currency sales decreased in Russia by 6%.
 
At the end of June Baltika Group had 126 stores, among which 2 franchise stores in Belarus and 17 franchise stores in Ukraine. At the end of month the sales area of shops operated by Baltika was 20,397 square metres and the month average sales area increased by 4% compared to the same period last year.
 
Consolidated sales revenue for the second quarter totalled 13,016 thousand euros, increasing +2% yoy. Retail sales revenue was 12,120 thousand euros (+1% yoy), including Baltic states sales growth +4%. Wholesale was 796 thousand euros (+39% yoy) and e-com revenues 65 thousand euros (+18% yoy).
 
Sales revenue for the 6 months totalled 25,187 thousand euros, increasing +3% yoy. Retail sales revenue was 23,229 thousand euros (+2% yoy), including Baltic states sales growth +7%. Wholesale was 1,745 thousand euros (+25% yoy) and e-com revenues 142 thousand euros (+41% yoy).
 
In connection with Baltika’s exit from the Ukrainian retail business and selling the company there (agreement was signed on 29 April 2014), the sales revenue of the Ukrainian entity is presented as discontinued operation. Sales announcement presents only the results of continuing operations unless indicated otherwise.
 

Baltika

Must ReadView All

Textiles | On 28th Jun 2016

CII issues 6-point plan for textile & apparel industry

Indian textile and apparel industry has the potential to create over...

Textiles | On 28th Jun 2016

Telangana subsidises power tariff for textile sector

The Telangana government has decided to give Rs 2 per unit subsidy on ...

Apparel/Garments | On 28th Jun 2016

Bangladesh garment exports up 9.4% in July-May

Readymade garment exports from Bangladesh increased by 9.41 per cent...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Sunil Rathore
Lacoste India

‘New vendor is welcome if he offers cost, quality and timely delivery’

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
june 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search