The volume of consolidated unaudited revenue of Obuv Rossii GC in the 2 quarter of the 2018 year increased by 22,9% to 2,233 billion rubles. compared to 1,818 billion rubles. in the 2 quarter of 2017 of the year. Gross profit in the 2 quarter increased by 23,9% to 1,450 billion rubles, compared to 1,171 billion rubles. in the 2 quarter of 2017 of the year, - follows from the company's report on the results of financial activities for the second quarter of 2018 of the year according to IFRS.
Net profit in the reporting period increased by 14% - up to 0,230 billion rubles, compared with 0,202 billion rubles. in the 2 quarter of 2017 of the year. Comparable sales of the Obuv Rossii group of companies increased by 1,5%. At the same time, the comparable number of checks decreased by 5%, and the comparable size of the average check increased by 6,7%.
“We are actively developing our retail network and are ahead of schedule. The group ahead of schedule fulfilled the previously announced plan for opening this year and on 20 August 2018 of the year already launched 100 new stores. We have significantly expanded the geography of sales, including at the expense of cities with populations from 50 to 100 thousand inhabitants. Now the retail network of the company has 630 stores in 190 cities. Given the favorable situation in the shoe market and good performance in small towns, we decided to increase the number of new stores opened this year to 150 outlets, ”commented Anton Titov, Director of Obuv Rossii GC.
He also noted that the company was able to partially compensate for the impact of abnormally cold weather on shoe sales in the first quarter. The increase in the comparable size of the average check by 6,7% in the second quarter was the result of the successful implementation of the strategy to diversify the assortment and increase the share of complex purchases in the network. The growth of the retail network and key indicators was positively influenced by market factors - revival of consumer demand, low level of market consolidation and low competition, a large selection of retail space on favorable terms. “We also demonstrate high performance due to diversification of the assortment, development of high-margin product groups, omnichannel sales and additional services,” said Titov.
GC "Shoes of Russia" founded in 2003 year, has a headquarters in Novosibirsk and an office in Moscow. The main business area of the group is the production and sale of footwear and related products. The company operates 630 stores (113 operate on a franchise) under the brands Westfalika (single-brand shoe store), Pedestrian (multi-brand shoe supermarket), Rossita (a family-friendly store), Emilia Estra and Lisette (fashion shoe stores), and also develops brands of shoes and clothes for an active lifestyle S-tep, all.go and Snow Guard and owns two shoe factories in the Novosibirsk region.