Profil:
CCC SACCC fashion wants to reduce inventory levels to PLN 3.6 bln at end-Q4
Listed footwear and clothing group CCC continues its efforts to optimise inventory and expects it to fall to approximately PLN 3.6 billion (EUR 847.4 mln) by the end of the fourth quarter, deputy CEO Lukasz Stelmach told a press conference following the release of group's quarterly report.
"We are continuing our optimisation efforts. We expect that by the end of this year, we will be able to reduce inventory by at least 12 percent compared to the first half of the year, to around PLN 3.6 billion, which is nearly half a billion [of PLN - MI ed.]," CCC's deputy CEO announced.
In the third quarter, inventories fell 7 percent on the quarterly basis to around PLN 3.8 billion (EUR 894.5 mln).
"It is clear that this optimisation work has largely been completed. There is still some work to be done, but we are close," Stelmach said.
As he pointed out, inventory optimisation applies to all brands in the CCC group, Modivo in particular.
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