Business news from Ukraine

Business news from Ukraine

“Foxtrot” increased turnover by 13% and opened 5 new stores

7 January , 2025  

In 2024, omnichannel retailer Foxtrot opened five new stores and reformed eight outlets, the chain’s press service reports.

According to the report, new stores were opened last year in Chernihiv, Ivano-Frankivsk, Zaporizhzhia, Kryvyi Rih and Stryi (Lviv region). The company also reformed eight stores in Kyiv, Odesa, Bila Tserkva and other cities. As of the end of the year, the chain had 124 stores in 66 cities.

The retailer has also equipped its stores to meet the requirements of inclusiveness and barrier-free access, including the integration of a service for customers with hearing impairments.

Last year, Foxtrot also launched a warehouse at a new location in Kyiv region, expanding its area to 28 thousand square meters.

By the end of 2024, the chain increased its turnover by 13% year-on-year and increased online sales on the Foxtrot.ua platform by 42%. In addition, the retailer has started cooperation with Kasta and market by mono marketplaces, the press service emphasizes.

It is noted that the number of participants in the chain’s loyalty program increased by 1.1 million to 15 million registered customers.

The retailer also continued to support the Ukrainian Defense Forces: by the end of 2024, the chain handed over electronics worth UAH 14.2 million to the military. Since the beginning of the full-scale invasion, Foxtrot has donated UAH 42.5 million worth of gadgets to the army.

“Foxtrot is one of Ukraine’s largest omnichannel retail chains in terms of the number of stores and sales of electronics and home appliances. The company operates 124 stores in 66 cities, including the frontline cities of Kherson, Kramatorsk and Sloviansk, an online platform Foxtrot.ua and a mobile application of the same name.

According to Opendatabot, the net revenue of FTD-Retail LLC (Kyiv), which develops the chain, increased by 29% to UAH 12.6 billion in 2023, with net profit of UAH 314.4 million compared to a loss in 2022.

The Foxtrot brand is developed by the Foxtrot group of companies. The co-founders are Valery Makovetsky and Gennady Vykhodtsev.