Sokolov’s revenue in the first half of the year exceeded 13 billion rubles

Sumary of Sokolov’s revenue in the first half of the year exceeded 13 billion rubles:

  • Jewelry retailer Sokolov reported a 26% increase in sales in the first half of 2022 compared to the same period a year earlier.
  • Sales through the brand’s mobile app and website account for half of Sokolov’s retail turnover, which reached 9.6 billion rubles in 6 months.
  • Sokolov named the expansion of retail as well as the development of online sales as the main drivers of turnover growth.
  • 65% (8.6 billion rubles) in the structure of the company’s revenue falls on gold jewelry.
  • The fastest growing sales of gold jewelry with diamonds – by 51% to 3.9 billion rubles.
  • “Online sales are growing as branded retail expands, these are interconnected sales channels that give a synergistic effect,” comments Artem Sokolov, managing partner of Sokolov.

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