Rieker
Importers find themselves without supplies
10.02.2015 2934

Importers find themselves without supplies

Russian importers found themselves in a difficult situation: foreign suppliers do not ship goods, for the first time in two decades, demanding money in advance. Banks do not credit imports for fear of bankruptcy, and European insurers for the same reason refuse to insure their financial risks.

This year, Russian importers will face challenges they have not encountered since perestroika. Due to fluctuations in exchange rates, foreign suppliers refuse to send products to Russia without 100% prepayment. This will hit the clothing importers hardest. “Buyers of expensive clothing and footwear chains bought 15% of the standard range for the summer season. The shops will be really empty. Importers are forced to offer real money, and this significantly worsens their financial performance. There are simply no supplies, ”says the deputy chairman for corporate business of the Russian subsidiary of a European bank.

"Recently, all financial schemes that were previously only written about in textbooks have become in demand," says the CFO of a large non-food retailer. In addition to a loan, companies have a hope for a letter of credit (a form of settlement in which the bank assumes the obligation to pay) or a bank guarantee: without these instruments, the chance of getting something from abroad without prepayment drops to zero.

“Regardless of the instruments, all the money has become immensely expensive for wholesalers, and many Russian companies will simply leave the import market, market participants fear. Only the largest retailers are in a relatively stable position. "

Russian importers found themselves in a difficult situation: foreign suppliers do not ship goods, demanding money for the first time in two decades ...
5
1
Rating

Latest News

New Detmir stores opened in Belarus

Detsky Mir Group has opened two new stores in the Republic of Belarus. New stores of the Detmir chain were opened in Minsk and Gomel.
17.05.2021 114

New adidas + YEEZY silhouette arrives - YZY QNTM Flash Orange

The iconic adidas + YEEZY sneaker will hit the stores on May 22nd. The novelty is presented in a warm melange color with a predominance of red, which is complemented by monochrome black, gray and ...
17.05.2021 146

Crocs has updated the retail concept of stores in two Moscow "Mega"

In Mega Teply Stan and Mega Belaya Dacha, the renewed retail of the American shoe brand Crocs was opened. The Crocs Urban store concept was developed by Russian designer Polina Shcherbakova together with the international agency Briggs ...
14.05.2021 249

"Gardener" goes online

The Sadovod clothing market near Moscow opens its online store on the AliExpress platform and goes online for the first time. Sales of "Gardener" products on the Internet will be conducted in parallel with ...
14.05.2021 324

Wildberries Records Substantial Growth in Running Shoes Sales

During the "big" May holidays, Russian consumers actively purchased sports goods. This is evidenced by the sales data of Wildberries, the largest online marketplace in Russia. From May 1 to May 10, 2021, residents of our country purchased online ...
14.05.2021 233
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning