Business news from Ukraine

Business news from Ukraine

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

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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STATE-RUN UKRPOSHTA OPENS ONLINE STORE ON AMAZON

An official online store of Ukrposhta has opened on the American e-commerce platform Amazon, the press service of the national postal operator reported on Tuesday.
Ukrposhta notes that on Amazon you can buy the “Russian warship … Done!” set of stamps, envelope and postcard, as well as branded goods, namely a sweatshirt, a T-shirt or a cap.
The company added that it will transfer $5 from each order with the “Russian warship … Done!” stamp to the account of KSE Foundation. All funds raised will be used to help schools and kindergartens, organizing the logistics of humanitarian cargo, humanitarian aid.
In addition, the new stamp “Ukrainian Dream” is available for ordering in the online store in a set, which is issued on June 28 to the Day of the Constitution of Ukraine.
The development of the store and the launch of the Ukrposhta brand on Amazon was carried out by the Disqover Agency team.
Earlier, Ukrposhta also launched an official online store on eBay. In addition, you can officially buy philatelic products on Rozetka, Prom and Kasta.

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BROCARD.UA ONLINE STORE TURNOVER REACHES UAH 100 MLN IN OCT

The turnover of the Brocard.ua online store, which was launched on January 8, 2020, exceeded UAH 100 million in October, said co-founder of Brocard-Ukraine LLC, the largest operator of the perfumery and cosmetic market in Ukraine, Yuriy Gatkin.
“On January 8, we launched the Brocard.ua online store and already in October reached a turnover of UAH 100 million,” he said during the RAU Summit 2020 on Wednesday.
There were 4.5 million visits to the website in November, the press service of the company told Interfax-Ukraine.
Gatkin added that the pace of development of the e-commerce direction has gained rapid momentum, it employs a staff of 168 people, and “the warehouse works around the clock.”
According to the co-founder of the company, the online store Brocard.ua is currently ranked second in terms of indicators after the online cosmetics store Makeup.

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SPANISH-BASED INDITEX LAUNCHES ONLINE STORE IN UKRAINE

Spanish-based Inditex SA, one of the world’s largest clothing retailers, launched an online store of the Stradivarius brand in Ukraine on September 10.
“From September 10, Ukrainians will be able to buy Stradivarius goods online. There will be available certain types of delivery of goods purchased online, such as home delivery, shipping to a pick-up point or to a store chosen by the buyer,” the company announced in its press release.
At the same time, as of September 14, the website of the online store has no information about pick-up points. The company’s couriers carry out home delivery. It costs UAH 149 and pickup from the selected store is free.
Inditex Group was founded in 1963. It unites 7,400 stores in 92 countries under nine brands, namely Zara, Zara Home, Zara Kids, Oysho, Massimo Dutti, Bershka, Pull & Bear, Stradivarius and Uterque. Inditex brand stores are located in 400 cities on five continents.
Inditex Group has been represented in Ukraine since 2008. The Spanish group opened its first stores of Uterque brand in Ukraine (at the end of 2016) and Zara Home (2018) in the Gulliver shopping mall.
As of September 2020, the group’s network in Ukraine comprises 72 stores.

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IKEA LAUNCHES ONLINE STORE WITH POINTS OF DELIVERY IN UKRAINE

The Swedish company IKEA, the world’s largest retailer of furniture and household goods, on May 14 officially launched the possibility of ordering goods from an online store in Ukraine, distribution points will operate in the Kyiv shopping center Auchan Rive Gauche and Metro Cash & Carry.
“Remaining faithful to its desire to create a better everyday life for many people in Ukraine, IKEA is pleased to announce the start of work in the Ukrainian market and the launch of an online store. Currently, the Swedish retailer offers Ukrainian customers about 3,600 functional home goods of all categories and styles with attractive design and prices. An order can be made on the website www.ikea.ua,” the retailer said in an official statement.
It says buyers will be able to choose where and how to pick up their goods: in one of the points for receiving orders in Kyiv for free or using the home delivery service.
“Today two points are ready to start work – at Auchan Rive Gauche and Metro Cash & Carry. The delivery service is organized in cooperation with DB Schenker. We do everything to ensure smooth online purchases, however we will be grateful for your patience and understanding in case of possible delays during the first few days of work,” the press release says.
It emphasizes that the functioning of the company is organized in accordance with IKEA security measures, as well as in accordance with the requirements and instructions of the government of Ukraine. All employees will have access to the necessary protective equipment and will work in compliance with recommendations on social distance.
After the launch of the online store, IKEA plans to open its new city store in Kyiv as soon as possible. The company has recently signed a lease agreement with Blockbuster Mall”, the company confirmed.

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METRO C&C UKRAINE LAUNCHES ONLINE STORE FOR HORECA

Metro Cash & Carry Ukraine LLC (Metro C&C, Kyiv) will launch an online store for the clients of HoReCa food service industry, a company’s press service said.
“We believe that personalized work with the key clients is a pledge of the successful development of our business, and therefore we are pleased to announce the first stage of our own e-commerce solution for the HoReCa clients,” a company’s press release quotes its marketing director Anton Zhorin as saying.
According to the company, the range of commodity items of the online store includes Metro trademark, as well as products of its own import. The company also plans to expand the range by the end of the year by increasing supplies of non-food products.
According to a press release, a pilot delivery will cover Kyiv and Kyiv region, and by the end of 2019 will reach Odesa, Kharkiv, Lviv, Dnipro and Ivano-Frankivsk.
Tino Zeiske, who previously held the position of Global Director for Talent Management and Recruitment at Metro AG (headquartered in Dusseldorf, Germany), has been appointed new CEO of METRO Cash & Carry Ukraine.
Olivier Langlet, who has held the post of CEO at METRO Cash and Carry Ukraine, since April 2019, has been appointed CEO of MAKRO Cash & Carry (the Czech Republic) within Metro AG, it said.
METRO Cash & Carry Ukraine was founded in 2003. It consists of 23 METRO shopping centers in the largest cities of Ukraine, namely Kyiv, Vinnytsia, Zhytomyr, Poltava, Lviv, Rivne, Ivano-Frankivsk, Chernivtsi, Kryvy Rih, Mariupol, Zaporizhia, Dnipro, Kharkiv, Odesa and Mykolaiv, and also two wholesale outlets in Ternopil and Lutsk.

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