Obuv Rossii sales up 6% in October

Russia
Published:  24 November, 2020
Credit: Obuv Rossii/Westfalia

The footwear retail chain operates a network of 843 sales outlets in 336 cities across Russia.

Obuv Rossii’s unaudited revenue for October grew 6%, year-on-year, to RUB1.73 billion (US$22.83 million). The company said it “not only achieved, but also outperformed the pre-crisis monthly earnings for the first time after the lockdown was lifted”, adding that such growth resulted from “the implementation of a renewed company business model, which is based on the development of an offline/online marketplace, integration in the logistic infrastructure of the e-commerce market and the development of financial services for the customers.” Compared with the previous month of September, revenue grew 25%.

In October, Obuv Rossii reported that revenue from the Prodayom project, whereby it sells partners’ products (over 650 companies) using a marketplace model in the retail network and on the online sales platform, grew 15% compared with September 2020, to RUB164 million (US$2.16 million), representing 25% of retail sales. In the first ten months of the year, the company sold more than 1.5 million partners' products.