Market announcement
AS BALTIKA
LEI code
48510000I3W254YEMG75
General information
Categories
Other corporate action
Unique data record identifier
8400
Submission date and time
23.11.2020 09:45:00
Content of announcement in Estonian
Title
Ivo Nikkolo esinduspoe sulgemine
Message
?Baltman OÜ, Baltika AS tütarettevõte, otsustas sulgeda Ivo Nikkolo kaubamärgi esinduspoe Suur-Karja tänaval. Poelepingu kuine tasu on 10 020 eurot ja lepingu tähtaeg on kuni 31.12.2024. Turusituatsioon on Tallinna vanalinnas lepingu sõlmimise järgselt muutunud, mille tõttu kordades turutingimustest kõrgema rendihinna tasumine ei ole võimalik. Otsus pood sulgeda on seotud Baltika Grupi eesmärgiga sulgeda kõik mitte kasumlikud poed 2021 aasta keskpaigaks. Kui veel 2019. aasta lõpus oli Baltika Grupi poodide ja kauplusepindade arv 82, siis selle aasta oktoobri lõpu seisuga oli selleks 66. Eeldatavalt kahaneb mitte interneti ehk tavapoodide arv 2021. aasta keskpaigaks alla 40 ja fookus on tugeval omni-kanalite strateegial. ? Flavio Perini Juhatuse liige, tegevjuht [email protected] (mailto:[email protected])
Content of announcement in English
Title
Closing of Ivo Nikkolo flagship store
Message
?Baltman OÜ, subsidiary of Baltika AS, has decided to close Ivo Nikkolo brand flagship store on Suur-Karja street. Monthly rent of the store is 10 020 euros and contract is valid till 31.12.2024. The market situation in Tallinn old town has dramatically changed after signing the contract, due to which paying more than twice above the market rate rental cost is no more acceptable. The decision to close the store is due to Baltika Group target to close all non-profitable stores by mid-2021. While as at the end of 2019 Baltika Group had 82 stores, then by the end of October this year it was 66. The expected number of offline stores by mid-2021 is below 40 with a strong focus on omni-channel strategy. ?Flavio Perini Member of Management Board, CEO [email protected] (mailto:[email protected])