Soho
In the first quarter of 2011, the profit of the Obuv Rossii group of companies grew by 35%
17.05.2011 7851

In the first quarter of 2011, the profit of the Obuv Rossii group of companies grew by 35%

Obuv Rossii summed up the work in the first quarter of 2011. The company's net revenue for the reporting period amounted to 360,877 million rubles, an increase compared to the same period last year - 6%. The net profit of Shoe of Russia increased by 34,9% and amounted to 24,63 million rubles in the quarter. EBITDA increased by 12,83% and amounted to 48 million rubles. Return on EBITDA - 13,38%.

In the first quarter of 2011, Obuv Rossii GC opened 11 Westfalika stores and entered new regions such as the Republic of Tatarstan (Kazan) and the Udmurt Republic (Izhevsk). In total, the company plans to open 2011 stores and develop a network in such new regions as the Leningrad, Nizhny Novgorod, Kirov Region, Perm and Khabarovsk Territories by the end of 50.

The company continues to work under the installment plan. Obuv Rossii launched its own installment sale of footwear project without the participation of banks in August 2009. According to the results of the first quarter of 2011, installment sales of shoes amounted to 69 million rubles and five times exceeded the sales figures on credit (13 million rubles).

In the spring season, a large-scale advertising campaign of the Westfalika network was launched with the participation of singer Valeria. Also in the spring, a special line of shoes “Valeria's Choice” appeared in Westfalika stores.

The results of the opening of stores in the first quarter of 2011 were the first stage in the implementation of the network development program that Obuv Rossii announced in early March. The company plans to bring the number of stores to 2015 by the beginning of 420, and revenue to 7,5 billion rubles.

Obuv Rossii summed up the work in the first quarter of 2011. The company's net revenue for the reporting period amounted to 360,877 million rubles, an increase compared to the same period last year - ...
5
1
Rating

Latest News

Geox chose actress and TV presenter Yulia Vysotskaya as brand ambassador

The Italian brand Geox presented its first brand ambassador in Russia, actress and TV presenter Yulia Vysotskaya, and presented a new capsule collection of shoes and accessories for the spring-summer 2023 season, on which Geox designers worked…
09.12.2022 280

In St. Petersburg and the region, the volume of commissioning of warehouse real estate approached a record

According to the consulting company Nikoliers, in 2022, about 343 sq. m of quality warehouse space. This is 2,1 times higher than the figure for the whole of 2021, when…
08.12.2022 337

Uzbek shoemakers gather at Euro Shoes

Yan Belyaev, founder of the Euro Shoes premiere collection exhibition, and Uzcharmsanoat Fahriddin Boboev, chairman of the Association of Footwear Manufacturers of Uzbekistan, met at the BIOT-2022 international exhibition in Moscow and confirmed the importance of participation…
08.12.2022 265

Bata launches shoe collection made from recycled plastic bottles

Bata presented a collection of their Power brand called Love Ocean. The collection includes athletic-style shoes with lightweight and breathable uppers made from recycled single-use plastic bottles.
07.12.2022 321

Stores of Turkish brands will open instead of Mark & ​​Spencer and Gap in Russia

Stores of Turkish fashion brands Network, Beymen, Mudo will open at Mark & ​​Spencer and Gap squares, which are shutting down business in Russia, the telegram channel reports…
07.12.2022 503
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning