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Polish Footwear Giant CCC Group Reports Q2 Revenue of $505 Million

CCC Group put the result down to several factors, including a timely shift to e-commerce. Shutterstock.
CCC Group put the result down to several factors, including a timely shift to e-commerce. Shutterstock.

Polish retailer CCC Group, a major player in shoes and bags with a presence in 29 countries, mainly in Eastern Europe and the Middle East, reported revenue of 2 billion Polish zloty ($505 million) in the second quarter of 2021. This represents an increase of 41 percent and 5 percent compared to the same period in 2020 and 2019, respectively.

Martin Cicerski, president of the CCC board, described it as the company’s best ever result.

“We recorded revenue growth in our own retail and at the same time maintained strong sales growth in the e-commerce channel. This shows that we have chosen the right moment to digitise our business,” he said. Online sales accounted for 43 percent of the total revenue generated in the three months ended Jul. 31.

In 2021 CCC Group opened stores in Austria and Hungary as well as an online store in Russia. In August, the HalfPrice retail chain owned by CCC Group debuted in Vienna, and two more HalfPrice retail outlets are expected to open in Austria this year. HalfPrice retail was launched in Poland in May, three months later 22 stores were already operating in the network, as well as in Hungary and the Czech Republic.

CCC Group has been operating in the Russian market since 2016. “Growth forecasts show the potential of the region. It is estimated that by 2025 the number of e-commerce customers in the fashion segment in Russia will exceed 125 million people,” said Anna Motysko, CCC Russia’s chief executive.

At the moment, the CCC retail network in Russia includes 40 stores and, in addition to its own online marketplace, CCC brands are also represented on Wildberries and Ozon marketplaces.

Learn more:

Singaporean E-Commerce Giant Shopee to Debut in Europe With Poland Launch

The move will be the first expansion into European e-commerce for the $190 billion Singapore-headquartered technology group, whose gaming arm Garena is already active in the region.

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