Baltika clothing retailer posts EUR 1 million loss for Q2
| Published date | 18 July 2022 |
| Publication title | LETA |
TALLINN, July 18 (LETA--BNS) - Listed Estonian garment seller Baltika Grupp earned 2.3 million euros in revenue in the second quarter of this year, 28 percent less than during the same period last year, and the company's loss increased from 37,000 euros to one million euros.
The unpredictable war situation between Russia and Ukraine negatively affected the group's sales revenue. Although the situation in the Baltics had improved by the end of the first quarter and the number of visitors was gradually recovering, the impact of the war on consumer behavior was also felt during the beginning of the...
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