Moscow shoe stores reduced their turnover
02.11.2015 4033

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 ...

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