"TsentrObuv" revealed the financial results of the year
CenterObuv, the largest footwear retailer on the Russian market, presented the financial results of the year for the first time in its history. It is reported that the company's sales revenue for the year increased by 37% to $ 720 million.
CenterObuv's EBITDA margin in 2010 was 20-22%, and the ratio of net debt to EBITDA was about 1,25. Like-for-like sales of the company in 2010 increased by 24%. By the end of the year, CenterObuv sold 26 million pairs of shoes, and in 2011 this figure may grow to 35 million.
Let us remind you that in the fall of 2011, CenterObuv is planning an initial placement in London or Hong Kong. Among the possible organizers of the IPO are Renaissance Capital, VTB Capital, Morgan Stanley and Bank of China, writes Vedomosti.
According to experts, TsentrObuv, which owns the largest chain of shoe stores in Russia, can be valued in the range of $ 1,5 to 3 billion. In the future, the company expects to go international and start working in the CIS, Baltic countries, Western Europe and China ...
CenterObuv, the largest footwear retailer on the Russian market, presented the financial results of the year for the first time in its history. It is reported that the company's sales revenue increased over the year ...
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Sales of shoes and accessories: effective techniques for business rhetoric
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We form the salary of sellers: expert advice
“How do you charge your consultants for personal or general sales?” Is one of the most popular questions causing a lot of controversy and gossip on the online forums of retail business owners. Indeed, how to properly form the earnings of sellers? But what about bonuses, where to get a sales plan from, do employees allow them to buy goods at discounted stores? In search of truth, the Shoes Report turned to a dozen shoe retailers, but no company wanted to disclose its motivation system - the process of its development was too complicated and individual. Then we asked four business consultants, and finally became convinced that the topic of seller motivation is very complex, because even our experts could not come to a common opinion.
Technology Selling Issues
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The whole truth about Bayer. Who is he and how to become one?
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Fur, and not only: types of lining
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The best models of Czech shoes of the past
In Soviet times, for shoes from Czechoslovakia sold under the Cebo brand, customers stood in line for four hours and did not regret it, because Czech shoes were considered to be of high quality, comfortable and fashionable. Shoe designer Juraj Shushka shared a photo archive of his collection with Shoes Report magazine, which contains the most interesting Cebo models from the 1940's to the 1980's.
Retail Arithmetic
Before you begin to solve specific problems, you need to find out how accurately all the leaders of your company understand the basic terminology of retail.
How to fire a worker without tears, scandal and trial
Sooner or later, any manager is faced with the need to part with an employee. Properly and on time the dismissal procedure will save the company money, and the boss himself - nerves and time. But why sometimes, knowing that a break in relations is inevitable, we put off the decision for months?
