Home / Knowledge / News / Fashion / Fashion retailer Baltika's retail sales grow by 10%
Fashion retailer Baltika's retail sales grow by 10%
03
Oct '08
Baltika's consolidated sales revenue amounted to 336 million kroons in the third quarter, having grown by 9 per cent in comparison to the previous year. Retail sales grew by 10 per cent and wholesale volumes grew by 19 per cent in the third quarter. Growth in sales in comparable stores reached 7 per cent. The strongest month in terms of sales was August when total sales grew by 23 per cent.

According to CEO of Baltika Meelis Milder, the sales in the third quarter indicate that the turn in the enterprise's economic cycle that took place in summer will continue.
“Focussing on enhancing efficiency on big markets has yielded the desired result – at the moment Baltika is rather moving in the opposite direction from the developments in the Estonian economy“, estimated Milder.

Milder sees that the successful third quarter was the result of stable and solid sales on the Central and Eastern European markets and of solid offers in the beginning of the autumn season. Third-quarter retail sales grew by 82 per cent in Central Europe, by 20 per cent in Eastern Europe and by 1 per cent in the Baltic States.

In September, the last month of the quarter, the growth in retail sales was slower, having increased by 3 per cent, the growth in sales in comparable stores was 1 per cent.

By the end of September, Baltika Group had 125 stores with a total sales area of 24,770 square metres. This year Baltika is planning to open 9-11 new stores.

The Baltika Group is a rapidly growing fashion retailer in the Baltic States, Central and Eastern Europe. The Group operates four retail concepts: Monton, Mosaic, Baltman and Ivo Nikkolo.

Baltika employs a vertically integrated business model which means that the Group controls all stages of the fashion process: design, manufacturing, supply chain management, distribution/logistics and retail sales. Such a model enables Baltika to offer new fashion goods every week and assures high availability of basics.

Baltika AS


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

Kaizad Hansotia
GetNatty

Competition is the best thing that can happen to a startup

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Sunil Rathore
Lacoste India

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

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Urs Stalder
Sanitized AG

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

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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