"Children's World" increased revenue by 35%
27.04.2016 3243

"Children's World" increased revenue by 35%

Detsky Mir Group of Companies presented unaudited operating results for the 1 quarter of the 2016 year ending March 31 of the 2016 year.

The Group's consolidated unaudited revenue increased by 35% to RUB 16,4 billion. compared to 12,2 billion rubles. in the 1st quarter of 2015;

Like-for-like sales of the Detsky Mir chain of stores grew by 13,1% [1] (an increase in the number of receipts by 0,9% and an increase in the average receipt size by 12,1%);

The number of the Group's stores increased to 429 with a total sales area of ​​495 thousand sq. M. m. In the first quarter of 2016, 4 new stores of the Detsky Mir chain were opened.

“Significant revenue growth was mainly due to increased load of stores opened in 2015 and 2014, as well as an increase in comparable sales by 13,1%,” commented Detsky Mir Group General Director Vladimir Chirakhov.

At Detsky Mir Group, they will continue to implement policies to curb rising prices for children's goods and strive to conclude new supply agreements with foreign partners in Russian currency.

In 2016, Detsky Mir Group of Companies plans to open at least 50 new super and hypermarkets, including five stores in Kazakhstan.



     Detsky Mir Group has released unaudited operating results for 1Q 2016 ended March 31, 2016 ...
5
1
Rating

Latest News

Stuart Weitzman opens Shanghai store at Plaza 66

New York-based premium footwear brand Stuart Weitzman opened a store in a prestigious Shanghai shopping mall and launched a major international campaign in support of its signature model, the 50/50 boot. The store opening featured a new global…
11.09.2026 337

Inventive Retail Group announced the launch of a new loyalty program.

Inventive Retail Group announces the launch of the EGO Privilege Club – a new loyalty program for its customers that unites all restore companies: Samsung Galaxystore, Street Beat, AMAZING RED, Hiker, Mir Kubik, and…
10.09.2026 477

St. Petersburg footwear brand ANKI Team has released sneakers in collaboration with SIBUR.

Local footwear brand ANKI Team released a sneaker collection in collaboration with Kazan-based Russian petrochemical holding company Sibrur. For the footwear brand, the collaboration marks the launch of a series of sneakers dedicated to cities…
09.09.2026 696

The top ten countries by footwear consumption in the world according to APICСAPS

The Portuguese Association of Footwear Components and Leather Goods Manufacturers APICСAPS has compiled a ranking of the leading countries in terms of footwear consumption in 2025…
09.09.2026 639

China has threatened France with retaliatory measures over pressure on Shein and Temu.

China is demanding that France stop implementing a recently passed law targeting ultra-fast fashion companies such as Shein and…
08.09.2026 822
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning