Moscow shoe stores reduced their turnover
02.11.2015 5081

Moscow shoe stores reduced their turnover

For the period from 3 quarter 2014 to 3 quarter 2015, the turnover of all operators of chain shoe stores in Moscow decreased by 20-25%, and the maximum drop in sales is at the level of 40%. The most significant reduction in turnover and attendance is observed in street retail stores. These figures are presented in the Knight Frank report on the Moscow shoe retail market. During the economic crisis, 95% of Moscow shoe operators raised commodity prices due to changes in the ruble exchange rate or an increase in purchase prices. The price of shoes in chain stores increased on average by 21%. Rockport left one foreign shoe retailer from Russia in 2015, but six new shoe brands from Italy, the USA and South Korea entered the domestic market. Many chains close unprofitable stores, and there are no prerequisites for changing the situation.

For the period from the 3rd quarter of 2014 to the 3rd quarter of 2015, the turnover of all operators of the chain shoe stores in Moscow decreased by 20-25%, and the maximum indicator of sales decline is at the level of ...
3.56
5
1
3
Rating

Latest News

Lacoste has released a collaboration with Maison Château Rouge

At the end of the year, French fashion brand Lacoste released a collaboration with Maison Château Rouge, a Parisian brand founded by the “ultra-creative African diaspora,” writes…
05.12.2024 1105

Insole maker OrthoLite expands presence in India

OrthoLite has expanded its manufacturing facility in India, in Ambur, and opened a new sales office in Chennai. OrthoLite India was opened in 2021, and the Ambur facility has now increased its production capacity to two million insoles per…
05.12.2024 1067

The general meeting of the National Shoe Union (NOBS) took place yesterday

The meeting was attended by members of the NOBS - representatives of companies participating in the Russian footwear market, the Ministry of Industry and Trade of Russia, the Association of Retail Companies (AKORT), the operator of the marking system, the Center for the Development of Promising…
04.12.2024 1270

France holds fourth place in world leather exports

According to the forecast of the French tanners association Alliance France Cuir, France will retain its fourth position in world leather exports in 2024, generating a positive trade balance of 5,8 billion euros. However, experts fear…
03.12.2024 1166

Stuart Weitzman and Swarovski Release Holiday Shoe Collection

Swarovski crystals add a festive touch to classic pumps from American shoe brand Stuart Weitzman. More than 6000 Swarovski crystals were used to create each glittering half-pair, in the form of…
03.12.2024 1207
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning