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.
The Polish fashion retailer LPP Group, managing the brands Reserved, Cropp, House, Mohito, Sinsay, in July-September 2019 increased sales in Ukraine by 39.2% compared to the same period in 2018, to PLN 127.6 million (about $33 million). According to the company’s financial report, LPP’s total revenue from sales in the third quarter grew by 14.9%, exceeding PLN 2.3 billion (about $605.6 million). At the same time, one of the highest sales growth dynamics was recorded in Ukraine.
In general, over the nine months, LPP increased sales in Ukraine by 33.1%, to PLN 321.8 million (about $83 million), while sales of the entire group grew by 12.6%, to PLN 6.389 billion ($1.65 billion).
In addition, it is reported that in September the retailer opened an online store of its own brands in Ukraine, which became the 13th e-commerce market for LPP Group.
“Adapting to the prevailing trend associated with the increasing popularity of online shopping, we are taking steps to further develop this sales channel. We implement this development through our own online stores. This gives us direct access to clients, control over goods and the absence of intermediaries. In the second half of 2019, the group launched an online store for all EU countries and for Ukraine,” the report said.
LPP S.A. was established in 1995. The first store (Reserved) was opened in 2000.