NeroGiardini will continue to invest in Russia
27.03.2015 6237

NeroGiardini will continue to invest in Russia

Russia remains the main foreign market for the Italian brand of shoes and accessories NeroGiardini, so investments in the crisis will only increase, said brand founder and CEO Enrico Bracalente during the announcement of the financial results of the 2014 year.

Bag Spa, which owns the NeroGiardini brand, ended the reporting period with a 6% increase in turnover to € 204 million. At the same time, the share of exports increased to 20%, having doubled over the past two years, primarily due to high sales of footwear, accessories and a younger line - clothing - in Russia.

“We believe in the potential of the Russian market,” Bracalente said, “and are planning significant investments to reduce the delivery time of our products to Russian customers. At the same time, the advertising budget will be increased. Russia is experiencing the fallout of the ruble, the tense situation in Ukraine, and diplomatic disagreements with the European Union. But I am sure that it is at this moment that you need to invest. "

According to Bracalente, the company aims to increase turnover in Russia to 20 million euros from the current 15 already in the 2016 year. This will be facilitated by the opening of our own warehouse in Moscow, planned for the summer, which will allow us to deliver goods more quickly to multi-brand networks, which are the main sales channel for the brand throughout the country, and will also help Russian customers avoid the consequences of possible currency fluctuations during the season.

Russia remains the main foreign market for the Italian footwear and accessories brand NeroGiardini, so investments in the crisis will only increase, the founder and CEO said.
5
1
Rating

Latest News

EKONIKA presented a new collection of its youth line Portal

READY, SET, GO! - this is the name of the Portal line from the EKONIKA shoe brand that will be released in the spring-summer season. The designers were inspired by the dynamic world of motorsport: speed and freedom of movement. All this is reflected in…
21.03.2025 239

"Two Balls" is now also clothing

Nine years after its revival in 2016, Russian sneaker brand Dva Myacha has added clothing to its range.
20.03.2025 242

Does New Balance go casual?

Known primarily for its sneakers, New Balance is increasingly turning to the casual urban footwear segment. Evidence of this is the new Allerdale shoe model in the brand's "Made in UK" line, writes Fashion…
20.03.2025 295

Camper releases new version of Pelotas Nu in collaboration with Sunnei

Camper has reimagined its signature Pelotas Nu shoe silhouette in a collaboration with the ironic and versatile Italian brand Sunnei.
19.03.2025 1276

Zenden shoe retail CEO Alexander Sarychev has left the company

Zenden shoe retail CEO Alexander Sarychev has left the company and refused to take a share in the Zenden business, writes Shopper's, citing the words of the…
19.03.2025 1585
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning