Obuv Rossii’s revenue up 19.3% in first half

Russia
Published:  02 August, 2019

The Russian fashion retail chain consolidated unaudited revenue increased 26% to RUB2.81 billion (US$43.44 million) in the second quarter of 2019, compared with RUB2.23 billion (US$34.42 million) in the same quarter of the previous year.

The Russian footwear Group’s consolidated unaudited revenue increased 19.3% in the first six months of 2019, to RUB5.35 billion (US$82.49 million), compared. Total like-for-like revenue of Obuv Rossii Group rose 7.7% in the first half, with like-for-like sales up 1.6%. The Group’s retail chain increased by 110 new stores, of which 105 are directly operated stores and the others through franchising.

The Obuv Rossii Group comprises 8,491 retail stores across 329 Russia cities and two production facilities.