Factcool keeps growing slowly
- Vladimír Dohnal
- Sep 27, 2023
- 1 min read
Fashion online store Factcool (Ivan Chrenko) reported a net profit of €0.2m last year and its sales rose 1% to €81.3m. In the coming two years it aims for a 5% growth. It buys goods mainly in Turkey and its biggest market is Czechia. It wants to grow mainly in Eastern Europe, focusing on countries such as Poland, Ukraine and the Balkans. It normally employs 250 people, but 300-400 during the season. The e-commerce market in the region is stagnant and most e-shops still have large unsold stocks of goods from the pandemic boom.
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