GymBeam enjoys the pandemic
- Vladimír Dohnal
- Jan 12, 2021
- 1 min read
GymBeam, an online store with nutritional supplements and fitness clothing controlled by Dalibor Cicman, became the market leader in the CEE region thanks to doubling its sales to €40m last year. It increased staff in its Košice HQ by 100 to 230. The growth came despite the pandemic that closed gyms as demand soared for home exercise goods. It has added 1,800 items to its portfolio, also thanks to a €6m capital injection by Crowdberry investors and the state-owned Slovak Investment Holding. It spent the money on warehouse automation and premises in Budapest and Prague. Slovakia accounts for 20% of sales and its own-brand products for 70%. It spends a fifth of sales on marketing. This year, it will launch production of nutritional supplements near Košice and increase the storage area by 3,600 sqm to 14,000 sqm. In 2024, it plans on €100m revenues.
Recent Posts
See AllOKTE, the short-term power market operator, has recorded 51 hours of negative electricity prices this year, up from 36 hours during the...
The new tax on sugary drinks , in place since January, has raised the prices of carbonated sweetened beverages by 30-50% and syrups by...
Prelika Prešov (Lipták family) is closing after selling its spirits production to Old Herold and its mustard division to Tomata ....
Kommentare