Press-releases
In 2019, Obuv Rossii Launched More Than 200 Stores
Novosibirsk, Russia, 23 January 2020: Obuv Rossii Group (MOEX: OBUV/ hereinafter – the “Company” or OR PJSC, or jointly with its subsidiaries and affiliates – “Obuv Rossii” or the “Group”), the first publicly traded company of the Russian fashion retail, sums up the results of the retail chain development for 2019. During the reporting period, the Group continued to actively expand its footprint. In 2019, Obuv Rossii launched more than 200 stores, the net increase was 181 stores taking into account the relocation and closing of some outlets, and entered 125 new cities. As a result, on 31 December 2019, the retail chain of the Group comprised 908 stores (172 of them — franchises) in 370 cities and towns of Russia.
“For two years our sales geography has expanded significantly, we have entered more than 220 new cities and towns. Since 2017 we have doubled the number of directly operated stores, which is an excellent indicator. The current business volume enables us to work with assortment, reduce production cost and increase the efficiency of our stores. Therefore, in 2020, we will focus on the improvement of our outlets’ quality indicators: expand the range of products by introducing new items; enhance the service component of the business by developing additional services including parcel delivery; increase online sales. Due to the work on these lines, we will increase sales per square meter and profitability of our stores, attract new customers and enhance the loyalty of our clients, and also strengthen our position on the market,” Anton Titov, CEO of Obuv Rossii Group, comments.
In 2019, the highest number of openings was in the Siberian Federal District — 39%. In the Far East 22% of new stores started operation, in the Privolzhsky District and the Ural — by 18% correspondingly, in the Northwest part of Russia — 3%. Like in previous years, the Company opened new outlets in a street-format primarily — 94% of the newly opened ones, 6% is for shopping malls.
Company profile:
Obuv Rossii (MOEX: OBUV) is a nationwide footwear company, the first publicly traded company in the Russian fashion retail. Obuv Rossii was established in 2003, it is headquartered in Novosibirsk and has a representative office in Moscow. The main Group business line is the production and sale of footwear and related goods. The Company manages 906[1] stores (173 operate as a franchise) under the brands of Westfalika (a monobrand store of classic footwear), Peshekhod ("Pedestrian") (a multibrand footwear supermarket), Rossita (a store for the whole family), Emilia Estra and Lisette (salons of fashionable footwear), in addition to developing brands of clothes and footwear for the active lifestyle brands of S-tep, All.go and Snow Guard. Furthermore, the Group also owns two manufacturing facilities in the Novosibirsk region.
In October 2017, Obuv Rossii raised 5.9 billion rubles in an IPO on the Moscow Exchange (ticker: OBUV), the issuer being OR PJSC, and in doing so became the first publicly listed company within the Russian footwear and fashion market.
In accordance with the audited Financial Statements under the IFRS Group, revenue amounted to RUB 11.55 billion for the full year of 2018, net profit was RUB 1.33 billion, and EBITDA was RUB 2.86 billion.
In December 2019, RAEX (Expert РА) assigned the creditworthiness rating to Obuv Rossii Group at ruBBB+ level, a "stable" forecast.
Website of the Group: www.obuvrus.ru; online stores: www.westfalika.ru, www.westfalika-home.ru, www.emilia-estra.ru, www.rossita.com, www.lisette.me.
[1] As of 23 January 2020
Was the information helpful?