Baltika, Estonian Clothier, Says Sales Rose 7% in January

Baltika AS (BLT1T), the third-biggest Baltic clothing maker, said total sales for January increased 7 percent from a year earlier, according to a regulatory statement in Tallinn.

Retail revenue rose 16 percent in the three Baltic countries, while sales in Russia rose 2 percent and retail revenue in Ukraine declined 1 percent, Baltika said today. The company closed four stores in Russia during the month.

To contact the reporter on this story: Ott Ummelas in Tallinn at oummelas@bloomberg.net

To contact the editor responsible for this story: Balazs Penz at bpenz@bloomberg.net

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