Home / Knowledge / News / Fashion / Baltika's sales on major markets surge
Baltika's sales on major markets surge
05
Aug '08
Baltika's retail sales generated in July grew by 11 per cent in comparison to the previous year. Major markets – Poland, Ukraine and Russia – demonstrated solid results as sales growth there reached up to 52 per cent (in Poland). The consolidated sales revenue earned by the enterprise amounted to 96.5 million kroons and the year-on-year growth was 8 per cent.

In addition to solid sales in Poland, Baltika also had a successful month of July on the Eastern European markets where sales growth reached 23 per cent in Russia and 17 per cent in Ukraine. Despite cooling of the economy in the Baltic States, results were good on the Lithuanian and Latvian markets as well (growing by 6 per cent and by 1 per cent respectively), in Estonia the sales figures remained almost on the same level as last year.

Growth in sales in comparable stores was 7 per cent in July and here the growth was also fuelled by Central and Eastern European markets.

Meelis Milder stated, when commenting the sales results in July, that major investments made in the past few years play a crucial role at the moment on the Eastern European markets. “These are practically the only markets in Europe where economy and consumption are growing in an accelerating pace,” said Milder.

In terms of seven months, the group's sales revenue amounted to 647 million kroons, growing by 3 per cent in comparison to the same period of time last year; retail sales grew by 10 per cent.

At the end of July, Baltika Group had a total of 125 stores with the total sales area of 24 461 square metres.

Baltika Group


Must ReadView All

Digital textile printing sector to grow by 20% by 2020

Textiles | On 18th Jun 2018

Digital textile printing sector to grow by 20% by 2020

The digital textile printing sector is expected to have a compound...

Courtesy: Hela Clothing

Apparel/Garments | On 18th Jun 2018

Hela's latest label revolves around underwear, sleepwear

The latest collection of Sri Lanka’s Hela Clothing is revolves mostly ...

Kenya levies higher duties on mitumba import

Apparel/Garments | On 18th Jun 2018

Kenya levies higher duties on mitumba import

Kenya’s treasury secretary Henry Rotich recently raised the duty on...

Interviews View All

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Sonia Agarwal
Whitenife

‘The terms eco-friendly and organic are common but everyone perceives them ...

Spokesperson
Hugo Boss

'Hugo Boss works with carefully selected sourcing partners'

Sandip Bhojani, Manthan Patel

Krypthm Tradelink LLP is a Surat-based manufacturer of westernwear....

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Mark Paterson
Technical Absorbents Ltd

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

Divvya and Nidhhi Gambhir
Walnut

<b>Divvya and Nidhhi Gambhir</b> started their career with the launch of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Cigdem Akin
Cigdem Akin

She has carved a niche for herself as the national brand of Turkey. Her...

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

Leave your Comments


June 2018

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

news category


Related Categories:

Advanced Search