Business news from Ukraine

Textile-Contact online store has increased sales by 1.7 times since beginning of war

13 December , 2023  

Monthly sales of the online fabric store tk.ua, owned by the Textile-Contact group of companies, currently amount to about UAH 5 million, while almost two years ago, with the start of Russia’s full-scale military invasion of Ukraine, they dropped to UAH 3 million per month.

“Pre-war sales of the online store amounted to about UAH 8 million per month, but almost two years ago they dropped to UAH 3 million. Today, sales have increased to UAH 5 million per month,” the company’s press service told Interfax-Ukraine.

The company cites the constant replenishment of the online store’s catalog with fabrics, a convenient interface for searching and paying for goods, and improved logistics processes and sales approaches as the factors behind the sales growth.

According to the company, more than 140 thousand retail customers and 10 thousand wholesale customers buy fabrics online every year. At the same time, 10% of the site’s users come back for more.

As the owner of the company, Oleksandr Sokolovskyi, noted on Facebook, tk.ua, which was founded seven years ago, is currently the largest online fabric store in Europe in terms of assortment and number of visitors.

“Of course, there are many resources in Germany, Italy, the UK, and Finland, but there are no analogues to our product. If you have a desire to buy fabric in Europe, you will most likely be advised to come to a small family-owned store or be taken to a large (by European standards) fabric store,” Sokolovsky wrote.

At the same time, he added that when the retail network, B2B sales, corporate and departmental uniform orders dropped significantly in 2020-2021 due to the covid, online trading supported the company greatly.

“The online store’s revenue increased significantly during the covid restrictions, almost doubling to UAH 10 million in some months,” the company owner said.

Today, tk.ua offers more than 30 thousand fabrics from 25 countries, more than 9 million visitors to the online store, and more than 4.5 million running meters of fabrics delivered to customers over seven years.

“Every year, the percentage of in-house production from 12 factories of the Textile-Contact group scattered throughout Ukraine is increasing. And these are not only fabrics, but also finished products – eco-bags, clothing for defenders, medical clothing, curtains, tulle and other finished home products,” Sokolovsky notes.

“Textile-Contact is the largest trading and production group in the Ukrainian light industry market, founded in 1995. It combines the entire range of services in the textile industry: from raw materials and yarns to ready-made solutions for B2B, B2G, B2C customers.

The holding employs 1549 people. In 2022, the Group paid more than UAH 277 million in taxes to the state budget of Ukraine (in previous years – about UAH 160-165 million).

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