Otter Distribution sees operating profit increase by 17 percent in first three quarters

Newsroom 15/11/2011 | 13:51

Otter Distribution has seen sales reach EUR 12.3 million in the first nine months of this year, marking an increase of more than 5 percent compared to the same period of 2010. The shoe and accessories distributor has also announced that its operating profit has gone up by 17 percent to EUR 1.34 million.

The company distributes brands like Clarks, Geox, Ara, Gabor, Otter and coq sportif through its own network of 37 stores, out of which five units were opened this year. Otter Distribution has opened the first Clarks mono-brand store in Romania in AFI Palace Cotroceni and three Otter multi-brand stores in Sun Plaza in Bucharest, Maritimo Constanta and Electroputere Craiova this November.

Also this year, the company has launched a new multi-brand format under the Promenade concept in the TOM Constanta shopping center. In addition to these three formats, Otter Distribution also owns the Geox mono-brand stores.

Simona Bazavan

Tags: , , ,
BR Magazine | Latest Issue

Download PDF: Business Review Magazine March (II) 2024 Issue

The March (II) 2024 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “BAT DBS Romania Hub: A Vibrant New Office For An Employee-Centric
Newsroom | 27/03/2024 | 17:32
Advertisement Advertisement
Close ×

We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

Accept & continue