Rieker
Obuv Rossii increased revenue by 65%
12.11.2013 4689

Obuv Rossii increased revenue by 65%

Obuv Rossii Group of Companies has summed up its financial results for 9 months of 2013. The Group's revenue for the reporting period amounted to 2,98 billion rubles, which is 65% more than in the same period last year. Net profit increased by 59% to RUB 300 million. EBITDA amounted to 542 million rubles, which means an increase in relation to 9 months of 2012 by 78%.

“We are pleased to once again report on the continuous growth of Obuv Rossii's financial performance, which reflects the correct choice of the company's development strategy and our ability to effectively respond to industry trends. Now in the footwear market there is a favorable situation for large retailers with proven technologies for developing regions, recognizable brands and a wide audience of loyal customers. - comments Anton Titov, director of Obuv Rossii Group of Companies. - The footwear market is poorly saturated and poorly consolidated, which opens up great opportunities for dynamic growth of the retail network and gives us confidence in the further favorable development of the company.

For 9 months of 2013 Obuv Rossii opened 79 stores and entered 26 new cities, exceeding the network development plan for this year by 30%. The new regions for the retailer are the Volgograd, Amur, Tula regions, the Komi Republic, Buryatia, Karelia, Bashkortostan, Mordovia, the Trans-Baikal Territory, the Khanty-Mansi Autonomous Okrug, and the Jewish Autonomous Region. In September 2013, the number of Obuv Rossii stores exceeded 250.

Obuv Rossii achieved significant growth in its profitability indicators due to several key factors. A competent assortment policy played an important role: designer shoes began to take a significant share in sales. Large-scale promotion campaigns were carried out (a television advertising campaign for Westfalica was launched on the country's leading TV channels in August). The company started developing its related products business, which accounted for 12% of retail revenue. Another reason was the growing popularity of financial services for buyers, such as installments and microloans.

An important direction in the retailer's work is the implementation of a long-term business development financing program. Obuv Rossii has taken serious steps to improve business transparency. In September, the Group consolidated its assets in OR with an authorized capital of RUB 7 billion, the Board of Directors of which included two independent directors, switched to international financial reporting standards and announced its intention to conduct an additional share issue in the amount of RUB 1,8 billion.

Obuv Rossii Group of Companies has summed up its financial results for 9 months of 2013. The Group's revenue for the reporting period amounted to 2,98 billion rubles, which is 65% more than in the same ...
5
1
Rating

Latest News

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 122

"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 147

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 125

Concept Group is testing a subscription service for baby clothes

Concept Group, a member of AFK Sistema, is trying a new format of service for the sale of clothes and launches a subscription service for children's clothing of the Acoola brand. Acoola Box will become an analogue of NetFlix in the fashion world and will simplify the process of buying children's clothing for ...
13.05.2021 201

Paper Shop outlet opened at Novaya Riga Outlet Village

A new outlet in the Paper Shop format was opened in Moscow in Novaya Riga Outlet Village. The store offers a wide range of clothes, bags, shoes, accessories from the current collections of Calvin Klein, Calvin Klein Underwear, Diesel, ...
13.05.2021 212
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning