shoesstar
For the first half of the year “Obuv Rossii” earned more than 700 million rubles
21.08.2011 2225

For the first half of the year “Obuv Rossii” earned more than 700 million rubles

Obuv Rossii has summed up the financial results of the first half of the year. The company's net revenue during this period exceeded 700 million rubles, an increase compared to the same period of the 2010 year amounted to 8%. The company's net profit is 43 million rubles, an increase compared to the first half of 2010 of the year - 57,23%. EBITDA margin - 13,35%.

In the first half of the 2011 of the year, Obuv Rossii opened 25 of Westfalika stores and entered new regions such as Kazan, Izhevsk, St. Petersburg, Moscow Region, Kurgan, Kirov, Nizhny Novgorod, Vladivostok. The increase in the number of stores compared to the same period of the 2010 year was 27%.

At July 1 of 2011, the network consisted of 133 stores in 43 cities of Russia. Since 2010 of the year, “Shoes of Russia” has been actively developing the direction of related products. According to the results of the first half of 2011, the growth in sales of related products (leather goods, bags, shoe care products, hosiery) amounted to 150%. Now the share of sales of the “bundle” in the total retail turnover of the network is 7%.

In the first half of the year, the company worked under the installment plan and consumer lending. Installment sales and credit for the six months of the 2011 year amounted to 157 million rubles, 39 thousand contracts were concluded. Since the start of the “Installment Shoes” program (August 2009 of the year), 90 thousand of customers have used this service in stores of the Shoe of Russia network.

The company continued to operate in the open capital market. At the end of June, Obuv Rossii successfully placed a bond loan in the amount of 700 million rubles. The company directed the raised funds to finance the network development program until 2015.

Obuv Rossii Group of Companies is a federal shoe retail company, one of the ten largest shoe retailers in Russia. It develops two networks - Westfalika (single brand, mid-price segment) and Pedestrian (economy network), as well as the brand of inexpensive youth shoes Emilia Estra. Today, 143 store companies operate in 46 cities throughout Russia. The net revenue of Shoe of Russia in 2010 amounted to 1,6 billion rubles. The credit rating of Expert RA is B ++. Obuv Rossii became the laureate of the “Company of the Year-2010” award (organized by RBC) in the nomination “For Contribution to the Development of the Retail Market”.

Obuv Rossii has summed up the financial results of the first half of the year. The company's net revenue during this period exceeded 700 million rubles, an increase compared to the same period of the 2010 year ...
5
1
Rating
Midinblu

Latest News

The starry sky is the main theme in the design of the Skandia children's collection autumn-winter 2020-2021

The Italian brand Skandia has released a new collection of footwear for children and teenagers fall-winter 2020-2021. The Italian brand Skandia has released a new collection of footwear for children and teenagers fall-winter 2020-2021. Stars, flowers and splashes of watercolors decorate ...
01.10.2020 209

Crocs has released a collaboration with Puerto Rican rapper Bad Bunny

The American brand of clogs Crocs presents a collaboration with the Latin American superstar Bad Bunny. The classic Bad Bunny X Crocs clogs are detailed with jibbits that glow in the dark.
30.09.2020 144

Vagabond Shoemakers launched an online store in Russia

The Swedish shoe brand Vagabond Shoemakers announced the launch of an official online store in Russia. On the website vagabond.com, it became possible to place an order with delivery to any Russian region.
30.09.2020 159

Aymod exhibition starts in Istanbul

Today in Istanbul, at the CNR Expo exhibition center, the 63rd Aymod international exhibition of shoes, bags and accessories, the largest b2b platform in Turkey, opened.
30.09.2020 372

Fashion Consulting Group predicts a radical reduction in turnover in the fashion retail market

According to Anush Gasparyan, Commercial Director of Fashion Consulting Group, as a result of the pandemic, the range of fall in the fashion market in Russia may range from 25% to 40%. This will largely depend on the situation in the second half of the year.
30.09.2020 457
When you sign up, you will receive weekly news and articles about the shoe business on your e-mail.

To the beginning