The number of stores raised by the Russian nationwide off-price network of Familia has exceeded 250, wherein the number of its coverage towns has reached 90. On March 30th the Company opened four stores in a row, three of them situated in Moscow, the capital of Russian Federation.
Familia Has Opened 250th Store by Covering 90 Cities Nationwide
2018 was quite an eventful year for our company. Primarily, Familia for the first time ever joined the RBC list of top-500 Russian enterprises and became the front leader among fashion retail networks on the annual revenue growth rate. We are genuinely proud of this achievement! Secondly, due to the well-coordinated work of both our team and suppliers, we have opened new stores in the established cities markets and opened up to some of the new territories.
Annual results for Familia off-price network
The off-price concept was established back in 1956 in America. Those years customers who wanted to acquire nice clothing at a reasonable price could do that in basements of large malls, where some discounted items from famous brands were presented.
The off-price concept
For the first time, a federal off-price retailer Familia is included in the top-500 Russian business according to RBC and became a leader among fashion-network by the indicator of an annual revenue growth.
Familia was considered a leader among fashion-networks in top-500 RBC
Off-price – is a world famous format of trading at special pricing. Familia network is the only nationwide off-price retailer in Russia.
Familia network is the only nationwide off-price retailer in Russia.