Monday, May 22, 2017

Kupalinka expands into Yekaterinburg

The Soligorsk-based retail chain Kupalinka has officially expanded in Yekaterinburg.

Kupalink's Deputy Director Valentina Timoshenk told BelTa that the retail chain's shopping space will measure approximately 100 square meters, News.Belta.by reports. The Belarusian company had already opened up a logistics center in the city last autumn.

The store and its logistics center are meant to increase the chain's exports to the Russian Federation, with its sales abroad expected to account for 50 percent of its sales by the end of 2012. Currently, sales abroad make up 30 percent of the company's sales.

Kupalinka plans to open a Moscow trading house during the first quarter of 2010 with the first shipments planned for February, News.Belta.by reports. Kupalinka's whole lineup will be featured at the trading house.

Kupalinka produced 6.3 million knitwear items in 2011, which accounted for 101 percent more than in 2010, while the company's exports total $7.2 million, up 87.8 percent over the previous year. The company's January-November 2011 sales margins were 17.8 percent, with 13.1 percent forecast.

Founded in 1969, Kupalink was founded in 1969 and reincorporated into an open joint stock company in 1997, News.Belta.by reports. The company produces knitted fabric and goods for men, women and children. It renews 50 percent of its assortment every year and employs more than 1,200 people.