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 first quarter of the year, the last before the Covid-19 outbreak, and reached 80 percent of the turnover of August 2019.
The company also released a full set of results for the first half of 2020. Obuv Rossii’s revenues decreased by 26.4 percent to Rb 3.97 billion (€44.7m -$52.8m) from Rb 5.4 billion (€71.8m -$60.8m), a year earlier. The Russian company stressed that in April, all its stores were closed due to the Covid-19 related lockdown, while in May, part of the fleet was not open for trade. Net loss amounted to Rb 306 million, primarily stemming from the revenue decrease.
At the end of June, Obuv Rossii had a fleet of 859 stores compared with 837 a year earlier. The number of directly-operated stores (DOS) increased to 684 from 671.
The company updated the figure to Sept. 15, indicating the network amounted to 850 stores, of which 675 DOS and 175 franchisees, operating under the banners Westfalika, Peshekhod, Rossita, Emilia Estra and Lisette. Obuv Rossii also has the clothes and footwear brands S-TEP, all.go and Snow Guard as well as two manufacturing facilities in the Novosibirsk region.