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Inventive Retail Group increases sales by 18% in 2024, reaching around $1 bln

The company also announced that it is strengthening partnerships with leading marketplaces and plans to expand its partner network in 2025

MOSCOW, February 19 /TASS/. Inventive Retail Group reported an 18% increase in sales for 2024, reaching 92 bln rubles (around $1 bln) including VAT compared to the previous year, according to the company’s press release.

The retailer’s like-for-like (LfL) sales grew by 6% compared to 2023. The number of stores in the group expanded to 468, and the total retail space reached 86,000 square meters. In 2024, online sales accounted for 21% of the group’s revenue.

The company also announced that it is strengthening partnerships with leading marketplaces and plans to expand its partner network in 2025. As part of its strategy for the current year, Inventive Retail Group aims to enhance the efficiency of its existing stores and further develop products under its own brands.

"In a rapidly changing market, our company strives to remain flexible and adaptive. We closely monitor shifts in consumer preferences and respond swiftly by offering our customers relevant products and services," President and Managing Partner of Inventive Retail Group Tikhon Smykov said in the press release.

Inventive Retail Group manages both retail and online stores across four market segments: electronics, sports, children’s goods, and fashion. The retailer operates brands such as re:Store, Street Beat, UNOde50, and others.

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