Shoe networks renew consumer loans
28.01.2011 3353

Shoe networks renew consumer loans

The consumer lending service has revived on the Ukrainian credit market - now you can take out a loan not only for buying a car and household appliances, but also for meeting smaller consumer needs, writes Financial Review.

At the end of 2010, most of the proposals for the sale on credit came from shoe store chains. Now, in order to purchase shoes in the Intertop, Plato, Kidditop, Monarch, Respect and Carlo Pazolini networks, it is not necessary to fully pay the purchase price - you can get a loan and pay the price of the shoes for several months.

A sharp decline in shoe demand, which occurred against the backdrop of the 2009-2010 crisis, prompted such actions by shoe dealers. “If earlier, customers purchased a little more than three pairs of shoes every year, now about two pairs per family member. At the same time, as in the 2007 – 2008 years, shoes now account for an average of 3 – 4% of total expenditures of the population, ”says Elena Bilous, Commercial Director of Royal Shoes (Monarch TM). According to her, shoe sales declined by 30-40%. The introduction of consumer lending immediately had a positive effect on the situation - the average monthly number of shoe purchasers by installments almost immediately set at over 7 thousand pairs of shoes per month. Typically, each store sells 4 pairs per day on a lending program.
The consumer lending service has revived on the Ukrainian credit market - now you can take out a loan not only for the purchase of a car and household appliances, but also for the satisfaction of smaller ones ...
5
1
Rating

Latest News

Birkenstock reimagines Zurich sandals

German footwear brand Birkenstock has decided to redesign the Zürich sandal model, sixty years after the silhouette was released on sale. The updated version of the model was called “Zürich…
27.02.2024 135

Milan's Lineapelle noted an increase in attendance

The international leather exhibition Lineapelle, held in Milan in February, attracted 25 professional buyers who came from around the world. Organizers note an increase in attendance at the event compared to last year’s two…
26.02.2024 117

Moscow Fashion Week starts this week

Moscow Fashion Week will be held in the Russian capital from March 1 to 8 at two venues - in the Manege Central Exhibition Hall and in Pavilion No. 75 at VDNH - one of the spaces of the International Exhibition and Forum...
26.02.2024 237

Global footwear consumption will grow by 9,5% in 2024

In the weekly analytical review of World Footwear, “Study of the conditions of the global footwear business,” experts predict an increase in footwear consumption in the world in pairs by 2024% year-on-year for 9,5. The analytical review was compiled based on the results…
26.02.2024 268

The MICAM exhibition took place in Milan

In February, Milan hosted four major exhibitions dedicated to fashion, footwear and accessories. MICAM Milano, MIPEL, The One Milano and Milano Fashion&Jewels in total attracted 40 visitors from 821 countries, writes…
25.02.2024 252
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning