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

Pic: Modanisa

Apparel/Garments | On 23rd Mar 2019

European bank invests in Turkish fashion e-com platform

The European Bank for Reconstruction and Development (EBRD) recently...

UNIDO to train cotton farmers in Egypt on sustainability

Textiles | On 23rd Mar 2019

UNIDO to train cotton farmers in Egypt on sustainability

The United Nations Industrial Development Organisation (UNIDO) has...

China to boost investment in Bangladesh: envoy

Textiles | On 23rd Mar 2019

China to boost investment in Bangladesh: envoy

China would facilitate more investment by its companies and small and ...

Interviews View All

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Shawn Honeycutt, Bolger & O'Hearn

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Manuj Terapanthi, Texaura

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

C Dhandayuthapani,

C Dhandayuthapani

MAG Solvics Private Limited was established in 1991 to design and develop...

Will Qian,

Will Qian

Honghua Digital Technology Stock Co., Ltd. specialises in the R&D,...

Suresh Patel, Sidwin Fabric

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Mary-Cathryn Kolb, Brrr°

Mary-Cathryn Kolb
Brrr°

Atlanta-based private start-up Brrr° was founded in 2014 to develop...

Urs Stalder, Sanitized AG

Urs Stalder
Sanitized AG

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

Vaanee Bhatia, Gritstones Clothing

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Joe Ikareth, Joe Ikareth

Joe Ikareth
Joe Ikareth

<b>Joe Ikareth</b> has a rock-solid fashion and textiles background, which ...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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


March 2019

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

news category


Related Categories:

Advanced Search