Business news from Ukraine

Business news from Ukraine

TURNOVER OF TURKISH FASHION RETAILER WAIKIKI IN UKRAINE AMOUNTS UAH 90 MLN IN 2019

14 February , 2020  

The turnover of the chain of stores of the Turkish fashion retailer LC Waikiki in Ukraine amounted to UAH 90 million in 2019, while in 2020 the company plans to open ten new stores, thus expanding the Ukrainian network to 45 stores (35 stores in February 2020). “LC Waikiki continues to operate with 35 stores in 18 cities of Ukraine. In 2020, the company plans to reach 45 stores, 49 in 2021, 56 in 2022 and 60 in 2023,” according to the company’s press release devoted to opening the 1,000th store of the LC Waikiki international chain.
The facility opened on February 13 at the River Mall trade center in Kyiv and became the largest store in the country, with an investment value of $1 million. Its area amounted to 1,900 square meters.
The development of the LC Waikiki network in Ukraine is carried out by Tema Moda Ukraine LLC (Kyiv), established in 2006.
The first LC Waikiki store was opened in the Ocean Plaza trade and entertainment center in 2013. As of the beginning of 2020, the total area of the chain stores in Ukraine is 37,000 square meters.
LC Waikiki is originally a French clothing brand founded by two French in 1988. In 1997, the brand was purchased by Turkish investors. It is engaged in production and retail sale of clothing, shoes and accessories for children and adults.

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