​Obuv Rossii’s profit slumped in 2020

Obuv Rossi logo

Obuv Rossii’s revenues in 2020 decreased by 21.4 percent to 10.772 billion rubles (€119m-$140m) from 13.702 billion rubles (€152m-$179m) in 2019 due to the impact of the Covid-19 pandemic. In April 2020, all the company’s stores were closed due to a pandemic-related lockdown and part of them opened in May-June. ...

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