Turkish shoe retailer FLO is reducing its presence in the Ukrainian market: as of October 2025, it has only one store left in Ukraine — in the Fontan Sky shopping center (Odessa), whereas the company had previously planned to open up to 50 retail outlets.
According to publications, the closure of the company’s stores was influenced by extremely low sales: for example, the FLO hall in the Nikolsky shopping center in Kharkiv had an area of about 1,200 m², but its turnover was 4-5 times lower than expected.
According to data from the state register, in January-June 2025, the Ukrainian division’s revenue amounted to 53.3 million hryvnia, a decrease of 39.3% compared to the same period last year; the company’s loss during this period amounted to about 43 million hryvnia.
FLO is a Turkish footwear chain founded in the 1960s, with more than 850 stores in over 30 countries. It is one of the leading footwear retailers in the Middle East, African, and Eastern European markets. In 2020, FLO entered the Ukrainian market, opening its first stores in Lviv and Kyiv.
