All Obuv Rossii articles
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News briefs
Obuv Rossii’s profit slumped in 2020
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 ...
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Logistics costs lift prices of Russian footwear imports
A hike in sea transportation tariffs is expected to increase prices of Russian footwear imports in the next few months, with cheaper shoes being most affected by the additional expense. At the end of 2020, the average tariffs for sea freight from China to Russia jumped from $1,500 to ...
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Obuv Rossii’s revenue shrank in 2020
The Russian footwear retailer Obuv Rossii reported that its revenues for 2020 decreased by 20.9 percent to10.845 billion rubles (€121m-$147m) from 13.702 billion rubles (€153m-$186m) in the previous year due to the impact of the Covid-19 pandemic. Anton Titov , chairman of the Obuv Rossii Group, stated that ...
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Obuv Rossii undergoes rebranding as it moves away from shoes
The Russian footwear retailer Obuv Rossii is changing names to mark its diversification away from shoes. The company is removing the word Obuv (meaning shoes in Russian) from its name to become simply OR for the main operating unit and OR Group for the parent company. Even ...
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Obuv Rossii’s August sales rebound sharply
Obuv Rossii has enjoyed a strong rebound in sales. In August, the company’s revenues increased by 1.5 times compared to July and exceeded 1 billion rubles (€13.3m -$11.2m), achieving the highest monthly level this year. Its top line exceeded by 16 percent the average monthly revenues seen in the ...
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Obuv Rossii offers pick-up points for Wildberries clients
Obuv Rossii has concluded an agreement under which the clients of Wildberries , Russia’s largest online retailer, can pick up their orders in the stores of the Russian footwear group. The first pick-up points have started to operate in 100 Obuv Rossii locations in Siberia and the Far ...
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Obuv Rossii parent launches capital hike to finance its development
OR PJSC , the parent company of the Russian footwear group Obuv Rossii , is planning to place additional shares worth 2.8 billion rubles (€31.7m-$37.4m) to finance the group’s development. The company is offering 28,264,000 new ordinary shares, which corresponds to 24 percent of the previously placed ordinary shares. ...
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Obuv Rossii enter logistics partnership with the Russian state mail operator
Obuv Rossii , a leading Russian footwear retailer, has appointed the country’s state-owned mail operator Russian Post its main logistics partner. The postal operator will be handling the delivery of orders from Obuv Rossii’s central warehouse to customers in Siberia. Russian Post has the largest network in Russia, ...
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News briefs
Obuv Rossii starts selling bicycles
As in many other countries, bicycles have become a hot commodity in Russia as an ecological alternative to public transport, in order to avoid contamination from the novel coronavirus, while keeping fit. Even a leading Russian footwear retailer, Obuv Rossii , has begun selling bicycles, handling after-sale servicing in its ...