The EVA chain of perfume and cosmetics stores opened 59 new stores and increased its turnover by 40% in 2023 compared to 2022, the company’s press service reports.
“While in 2022, the company’s efforts were more focused on maintaining its business, 2023 was a year of development for it. We increased the turnover in LFL stores by 40% compared to 2022. At the end of the year, we had about the same number of customers as in pre-war 2021, and lost 6.5% in transactions compared to it. These results were very difficult for us. But together with the whole country, we have gained a lot of experience – we have learned how to live in war and, even in such conditions, to move forward whenever possible,” said Olga Shevchenko, Executive Director of RUSH LLC (EVA stores and EVA.UA online store).
In 2023, the company opened 59 new outlets, mostly in the Women’s Energy design introduced at the end of last year. As of December 31, the chain had 1061 operating stores. Of these, 50 were Women’s Energy stores. In September, the company introduced a Skin Health Center with a range of dermatocosmetics from leading global brands in a shop-in-shop format. By the end of the year, two such outlets were operating in Dnipro and Kyiv. In December, the EVA Beauty store was tested in Kyiv’s Respublika Park shopping center.
“The first month of its operation exceeded our expectations. However, it is too early to discuss the results. The store is operating in test mode. We are still making improvements to it, and it should be the way we intended it to be by the end of the first half of the year,” Shevchenko said.
The company plans to open about 60 more stores in 2024. The planned investments in this area amount to about UAH 200 million.
In addition, in 2023, EVA launched six new retail outlets. Thus, the company’s private label portfolio includes 58 brands. This is more than 5000 SKUs in almost all categories represented in the chain’s assortment. In 2024, the company added beauty gadgets, professional gel polishes, and aroma diffusers to its private label portfolio.
In total, about 110 million units of private label products were sold during the year. The share of private label in the company’s total sales is 33.9% in physical terms and 22.8% in monetary terms.
To improve efficiency, EVA invests heavily in logistics development, including the construction and modernization of warehouse facilities. In Lviv, a new 9 thousand square meters warehouse for e-commerce is being built next to the existing warehouse. The area of the existing warehouses in Brovary and Lviv is being expanded by introducing mezzanines. An e-commerce hub was launched in Dnipro in September.
“We simplify and automate warehouse processes as much as possible, which speeds up the flow of orders through the supply chain,” said Olga Shevchenko.
She added that this is facilitated by our own selection system. In addition, the offline warehouses have implemented the Put to light system, which allows them to avoid using picking terminals, speed up the adaptation of new employees and increase productivity.
In 2024, the system is planned to be partially implemented in e-com warehouses. EVA also plans to automate storage systems: introduce AGV (Automated Guided Vehicle) and AS/RS (Automated Storage and Retrieval Systems).
In 2023, the project to build a logistics hub in Odesa resumed after a pause. The procurement of the necessary materials and structures, as well as other preparatory work, is ongoing. The area of the first stage of the Odesa hub should be 20 thousand square meters. Construction work will continue in 2025-2026.
Preliminary investments in logistics infrastructure in 2024 may amount to up to UAH 1.3 billion.
RUSH LLC, which manages the EVA network, was founded in 2002. It owns 52 private labels (PL), which are represented by household goods, perfumes, cosmetics, jewelry, personal care products, accessories, underwear, and children’s products. In 2022, the share of FMCG sales in physical terms was 30.6%. The company employs about 13.4 thousand people.
This year, the EVA chain of perfume and cosmetics stores plans to expand its product range from 120 thousand items to 180 thousand in 2024, and will invest from UAH 1 to 1.3 billion in logistics development, the EVA press service reports.
According to Sergiy Zinchenko, Director of the Logistics Department, to implement such large-scale tasks, the company is implementing new logistics projects, including automatic personnel management using data science.
“That is, the system understands which specialists have come to work, what their productivity is, and selects the most optimal places to work in the warehouse. We plan to implement it at all our distribution centers,” says Zinchenko.
Another area of focus is the expansion and automation of storage systems. According to Zinchenko, the company plans to introduce two automated systems: AGV (Automated Guided Vehicle) and Automated Storage and Retrieval Systems (AS/RS).
AGV is a system with robots that can automatically move racks. They will move towards a person, not vice versa. EVA wants to buy 20 such robots.
AS/RS are cranes that automatically collect the boxes of products necessary for order fulfillment and transfer them to the order processing area. Plans to purchase a Mini-load system
Zinchenko said that the company plans to expand its logistics real estate. Construction of another stage of 8 thousand square meters has begun in Lviv. In Odesa, the company plans to build a new facility for several phases, with the first phase covering 20 thousand square meters.
“The land plot was acquired before the start of the full-scale Russian invasion and now we have decided to unfreeze this project,” Zinchenko said.
They are also looking for a land plot or warehouses near Kyiv, not far from the existing facility in Brovary.
In general, he said, investments in the development of the logistics sector next year will amount to UAH 1 to 1.3 billion.
RUSH LLC, which manages the EVA network, was founded in 2002. It has 52 own trademarks (OTMs), which are represented by household goods, perfumes, cosmetics, jewelry, personal care products, accessories, underwear and children’s products. In 2022, the share of FMCG sales in physical terms was 30.6%. The company employs about 13.4 thousand people.
According to Opendatabot, the owner of RUSH LLC is Insetra Holdings Limited (Cyprus, 100%), and the company’s ultimate beneficiaries are Ukrainian businessmen Ruslan Shostak and Valeriy Kiptyk.
According to RUSH’s financial results, its net profit in 2022 increased by 16.7% to UAH 973.8 million, while the value of its assets decreased by 2.5% to UAH 10.3 billion. The EVA network’s turnover in 2022 decreased by 7% year-on-year to UAH 15.7 billion.
The chain of perfumery and cosmetics stores EVA plans to open up to 60 new stores in 2024, with estimated investments in this area amounting to about UAH 200 million.
The company’s press service told Interfax-Ukraine that the focus will remain on the development of the EVA.UA online platform.
By the end of 2024, the company plans to complete the construction of a new warehouse in Lviv, and in 2025, a large-scale logistics center in Odesa.
“We are planning to make them (logistics warehouses – IF-U) automated – with robots. We are still finalizing the necessary investments, but we already see that they will amount to billions of hryvnias. We continue to invest in the EVA business despite the war. Because we believe in Ukraine’s victory and that the country will be restored and people will return home,” the press service quoted Olga Shevchenko, Executive Director of RUSH LLC, as saying.
According to the release, since the beginning of the year, EVA has opened 31 new stores and reopened 29, including nine new stores and five reopened stores in the third quarter. As of the end of the third quarter, the chain has 1,035 operating outlets.
New stores are opened mainly in the Women’s Energy concept, which the chain presented last year in Vinnytsia. There are more than 30 such EVAs in total.
According to Viktor Serednyi, COO of RUSH LLC, there is also a gradual rebranding of existing facilities that need to be updated, but a complete rebranding of the entire chain is not yet in the cards.
“The cost of re-equipping one store to fit the new concept is about UAH 3 million. Opening a completely new store can cost from UAH 5 to 10 million, depending on the size,” he said.
By the end of the year, the company plans to open 26 new EVAs. In particular, a new flagship EVA beauty lab is to appear in the Respublika shopping center. This format will offer more cosmetics and perfumes, a dermatology center, professional hair care series and an expanded category of premium brands.
RUSH LLC, which manages the EVA chain, was founded in 2002. It has 52 own trademarks (OTMs), which are represented by household goods, perfumes, cosmetics, jewelry, personal care products, accessories, underwear and children’s products. In 2022, the share of FMCG sales in physical terms was 30.6%. The company employs about 13.4 thousand people.
According to Opendatabot, the owner of RUSH LLC is Korsolyushyn LLC (100%), and the company’s ultimate beneficiaries are Ukrainian businessmen Ruslan Shostak and Valeriy Kiptyk.
According to RUSH’s financial results, its net profit in 2022 increased by 16.7% to UAH 973.8 million, while the value of its assets decreased by 2.5% to UAH 10.3 billion. The EVA network’s turnover in 2022 decreased by 7% year-on-year to UAH 15.7 billion.
EVA perfume and cosmetics chain opened 11 new outlets in the second quarter of 2023 and reopened 12 previously closed ones, in particular in Kherson and cities of Donetsk region, the press service of the company reported.
In total, for the first half of the year the network resumed 24 outlets and opened 22 new ones. To date, the network has 1023 working stores.
As the press service notes, the company continues to develop its online store, which has been positioned as a “beauty hypermarket” since June. According to the latest data, EVA.UA online platform offers more than 100 thousand items and takes the 4th place in the rating of online stores in the country with almost 2 million loyal customers.
Every day the online store receives about 10 thousand orders, 30% of which are from new customers.
It is expected that by the end of 2023 the share of the online store in EVA’s total sales will be at least 10% (by the end of 2022 – about 7%).
In the future, the possibility of EVA.UA work in the format of a marketplace is considered.
Reportedly, during April-June EVA also continued to implement CSR projects aimed at helping the Defense Forces and Ukrainians affected by the war. They were joined by 360 thousand customers of the network. In particular, the company’s operational headquarters fulfilled 26 requests for assistance, allocating goods from the chain’s assortment in the amount of about UAH 200 thousand. Within the framework of the fund “Come Back Alive” UAH 2.176 mln was jointly collected from 167 thousand customers of the network to help the Defense Forces of Ukraine. In May, within the framework of another joint project with the charity foundation KOLO and dobro.ua “Thank You, Mom!”. EVA transferred UAH 250 thousand to purchase a special ultrasound machine for Ivano-Frankivsk Regional Children’s Clinical Hospital.
From April to June, the network implemented projects aimed at helping victims of Russian missile attacks in Zaporizhzhya and Kryvyi Rih, as well as the Kakhovskaya HPP explosion (over UAH 709 thousand, UAH 184 thousand, and UAH 2.354 million, respectively).
About 25 thousand EVA customers joined the support of children evacuated to Turkey within the framework of the project “Childhood without War” in the second quarter and transferred 357.6 thousand UAH in the form of bonuses.
As the press service added, in the second half of 2023 EVA plans to open 28 new stores and is preparing for new projects to support the Defense Forces.
As reported, the turnover of the EVA network at the end of 2022 decreased by 7% to the previous year and amounted to 15.7 billion UAH.
RUSH LLC, which manages the EVA network, was founded in 2002. It has 52 own brands, which are represented by household goods, perfumes, cosmetics, jewelry, personal care products, accessories, lingerie and children’s goods. BTM’s share of sales by volume in 2022 was 30.6%.
As of February 23, 2022, there were 1119 EVA stores in Ukraine. In July 2023, the chain has 1,023 operating stores. The company employs about 13.4 thousand people.
According to Opendatabot, the owner of RUSH LLC is Korpsolushin LLC (100%), the ultimate beneficiaries of the company are Ukrainian businessmen Ruslan Shostak and Valeriy Kiptyk.
According to RUSH’s financial results, its net profit in 2022 increased by 16.7% to UAH 973.8m, while the value of its assets decreased by 2.5% to UAH 10.3bn.
The EVA chain of perfumery and cosmetics stores has opened 11 new stores since the beginning of 2023 and plans to launch at least 50 new outlets mainly in the central and western regions of Ukraine this year.
“We have already opened 11 new EVA stores this year, and we plan to open at least 50 in total. Mostly in the central and western regions. We are also considering new locations in the de-occupied territories. As for the development formats, we are focusing on stores with a new design called “Women’s Energy,” the chain’s press service told Interfax-Ukraine.
Investments in the opening of a new store amount to UAH 2-4 million depending on the format, while investments in the restoration of an outlet depend on the degree of damage, the chain said.
The company also plans to reopen previously closed stores where the situation allows. For example, five stores have already reopened in Kherson, one in Pokrovsk, Dobropillya, Myrnohrad, Sloviansk and Kramatorsk, and a previously closed store is planned to open in Rodynske, Donetsk region.
According to the chain, last year the company opened 26 new stores and restored 50 more after damage.
The company also plans to open a new warehouse at its distribution center in Dnipro this year. Currently, the chain’s warehouses are located in Lviv and Brovary. In addition, work is underway on a large warehouse project in Odesa, EVA noted.
As reported, the EVA network’s turnover in 2022 decreased by 7% year-on-year to UAH 15.7 billion.
RUSH LLC, which manages the EVA chain, was founded in 2002. It has more than 50 own brands, which are represented by household goods, perfumes, cosmetics, jewelry, personal care products, accessories, underwear and children’s products.
As of February 23, 2022, there were 1119 EVA stores in Ukraine. In April 2023, the chain had 996 operating stores.
According to Opendatabot, the owner of RUSH LLC is Korsolyushyn LLC (100%), and the company’s ultimate beneficiaries are Ukrainian businessmen Ruslan Shostak and Valeriy Kiptyk.
According to RUSH’s financial results, its net profit in 2022 increased by 16.7% to UAH 973.8 million, while the value of its assets decreased by 2.5% to UAH 10.3 billion.
RUSH LLC (Dnipro), which manages a network of about 1,000 Eva perfumery and cosmetic stores in Ukraine, has decided to increase investments in the reconstruction of the online store’s warehouse on the site in Brovary by reducing the store opening plan in the third quarter of 2020 to 25 outlets.
“By reducing the plan for opening stores in the third quarter, we were able to increase investments in the reconstruction of the online store’s warehouse at our site in Brovary. This year, the plans were to equip and automate the online store’s warehouse, which should handle 10,000 orders per day. Due to the rapid growth of online orders, we decided to increase investments and invest an additional UAH 27 million. We planned to carry out the next stage of expansion of this facility next year, but decided to do it this year,” Executive Director of RUSH LLC Olha Shevchenko said in a blitz interview with Interfax-Ukraine.
According to her, an increase in funding for this project will improve effectiveness from 10,000 to 20,000 orders per day.
“Whether we can reach such a level of orders in the online store in 2020 is still unknown. I think most likely not. But this will allow us to prepare for future growth,” Shevchenko said.
In the first quarter of 2020, the Eva chain opened 29 new stores, in the second quarter – 25 stores.
