Global Apparel Market – An Overview | Watch NOW! | Ad
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

Courtesy: Pexels

Textiles | On 19th Sep 2018

Punitive PRC tariffs on US goods has extra 5% on textiles

Responding to Washington’s latest duty increase in a dispute with...

Courtesy: Tecnorama

Textiles | On 19th Sep 2018

'Reliability & excellent quality are Tecnorama’s USP'

The complete reliability and excellent quality of Tecnorama systems...

Courtesy:  Stanislav Kondratiev on Unsplash

Apparel/Garments | On 19th Sep 2018

AAFA questions US tariffs on $200 bn Chinese goods

The American Apparel & Footwear Association (AAFA) has questioned...

Interviews View All

Shawn Honeycutt, Bolger & O'Hearn

Shawn Honeycutt
Bolger & O'Hearn

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

Top executives, Textile & apparel bodies

Top executives
Textile & apparel bodies

The mid-term review of FTP is progressive, growth oriented

Akash Khetan, Narayan Tex Fab

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Ramez Basmaji,

Ramez Basmaji

Fabusse is a Lebanon-based fashion agency that offers a variety of...

Sham Shah,

Sham Shah

Shamal and Shamal Pvt Ltd is into manufacturing and sales of textile...

Rikesh Mistry,

Rikesh Mistry

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

Karl Zelik, Vanderbilt University

Karl Zelik
Vanderbilt University

A team of engineers at the Vanderbilt University has designed a smart...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Davide Vigano, Sensoria

Davide Vigano
Sensoria

Sensoria is a leading developer of smart garments and IoMe (Internet of...

Varsha Wadhwa, VW

Varsha Wadhwa
VW

Coming from a family that ran a business of jute and linen mills since...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Bani Batra,

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

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


September 2018

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

news category


Related Categories:

Advanced Search