All Russia articles – Page 3
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ArticleThe Russian footwear market faces a perfect storm
The Russian market is braced for major turbulence after dozens of footwear brands pulled out of the country following the Russian invasion of Ukraine and the subsequent introduction of international sanctions. Adidas, Nike and Puma have joined the long list of international brands that have quit the country’s market, along ...
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News briefsGeopolitical tensions impact the Russian shoe market
The price of footwear in Russia is expected to rise by at least 15 to 25 percent in 2022 due to rising production costs and the depreciation of the Russian ruble, the Russian analytical agency Fashion Consulting Group forecast. The ruble hit a 15-month low against the dollar after the ...
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News briefs
A quarter of Nike shoes in Russia are fakes
Roughly 25 percent of all Nike shoes on the Russian market are fakes, showed a research conducted by the Russian business union Social Consumer Initiative. The share of counterfeit products ranges between 0 and 5 percent for Adidas, Asics, New Balance, Reebok, Puma and Skechers, said Oleg Pavlov, head of ...
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News briefs
Sada Dostluk makes a debut on the Russian market
The Turkmenistan footwear company Sada Dostluk has reached an agreement to export shoes under the Sada brand to Russia, with deliveries slated to begin this year. Founded in 2018, Sada Dostluk is one of the largest shoe companies in Central Asia, manufacturing 140,000 pairs of shoes a month. The company ...
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News briefs
New Russian Covid restrictions hit retailers
Most Russian regions have made it mandatory to present Covid-19 vaccination passes using QR codes to enter shopping centers and non-food retailers. So far, less than 35 percent of the Russian population has been vaccinated and the measure has drastically limited access to stores for a large swath of the ...
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News briefs
Moscow introduces a new lockdown
Due to the rapid increase in Covid-19 cases in Russia, Moscow’s mayor, Sergei Sobyanin, decided to introduce an 11-day lockdown from Oct. 28. Restriction includes all non-essential stores, schools and businesses. Non-vaccinated people over the age of 60 will not be allowed to leave their homes. The country’s president, Vladimir ...
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News briefs
Sales of premium fashion tripled in Russia
Sales of premium apparel, footwear and accessories in Russia tripled value in the first three quarters of 2021 compared to the same period of the previous year, according to the Russian data provider ODF. “April to June [2020] was the period of the toughest lockdown in Russia. Therefore, it was ...
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News briefs
Chinese marketplace Shein expands in Russia
Over the past 12 months, the Chinese fast fashion marketplace Shein has tripled daily visits, surpassing its Russian peer Lamoda, a research conducted by the Russian analytical firm Mediascope showed. Shein has the potential to increase its presence in Russia over the next few months and compete with market leaders, ...
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News briefs
Russia continues to be submerged with counterfeit shoes
Andrey Pavlov, the general director of the Russian shoe company Zenden, claims that the Russian market continues to be submerged with counterfeit footwear and that law enforcement agencies are not acting to stem the flow. In 2020, some 40 to 50 million pairs of counterfeit shoes landed on the Russian ...
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News briefsCounterfeiting still prevails in Russian fashion purchases
In 2020, the Russian market for counterfeit luxury clothing, footwear, and accessories decreased by 12 percent, to 248 billion rubles (€2.87bn-$3.37bn). But, the legal market for premium brands remains smaller, being estimated at only 234 billion rubles (€2.71bn-$3.18bn), and experienced a stronger decline, falling by 15 percent, a research conducted ...
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News briefs
Russian shoe firms intend to hike prices on rising costs
Russian footwear companies said that they plan to raise prices in the coming few months due to higher costs. Andrey Pavlov , the owner of the Russian footwear producer and retailer Zenden Group , explained that prices are being driven up by logistics costs and raw materials. Pavlov claimed ...
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News briefs
Wildberries to accept payment by instalments in Russia
The Russian online retailer Wildberries is expanding a new financial service enabling clients to pay by instalments. Interest-free instalments have so far been available only for some household appliances and electronics. But, Wildberries plans to expand the range of products that can be bought in instalments to 11 ...
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News briefs
Heat wave spurs demand for light shoes in Russia
The demand for sandals and open-toe shoes skyrocketed in Russia during the past few weeks in the wake of an abnormal heat wave in the European part of the country, the Russian marketplace Lamoda reported. Sales of sandals jumped by 182 percent and grew by 164 percent ...
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News briefs
Russian shoes gain in popularity according to Wildberries
In the first four months of 2021, sales of Russian-made goods jumped by 130 percent to 114 billion rubles (€1.3bn-$1.6bn), with shoes and clothes being the most popular product categories, according to Russia’s biggest online retailer Wildberries . Ivanovo Oblast region was the biggest supplier of adult shoes and ...
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News briefs
Russian labeling causing problems for shoe imports
The mandatory labeling introduced by the Russian government for footwear is causing problems with imports, according to market participants. As foreign suppliers are not familiar with labeling rules, Russian importers have to print the labels and send them to their partners with clear instructions on how they must be ...
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News briefs
Russia postpones to June 15 deadline to sell unlabeled shoes
The Russian government has once again pushed back the deadline for retailers to sell stocks of unlabeled footwear. The new date is June 15. Labeling shoes with special electronic tags became mandatory in Russia on June 1, 2020. As of April this year, 82,000 companies have registered with the ...
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ArticleRussian shoe sales remain weak except in main cities
In March, demand for shoes in Russia was estimated 15 percent lower in volume than during the same period of the previous year, according to a research conducted by the Russian IT firm Evotor . The decline can be partially attributed to a price increase caused by the depreciation ...
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News briefs
Russia appeals less to foreign brands
A research by CBRE indicated that international brands have partly lost interest in the Russian market due to the Covid-19 pandemic. In the first quarter of 2021, only three fashion brands entered the country: Ecco Kids , Shikkosa and Accessorize . This is estimated to be the ...
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ArticleOnline sales in Russia skyrocket
In 2020, the Russian online market totaled 3.2 trillion rubles (€35.4bn-$43bn), which was 58.5 percent higher compared to the previous year, Russia’s Association of Internet Trade Companies ( AKIT ) estimated. The turnover for domestic platforms doubled, reaching 2.8 trillion rubles (€31bn-$36.7bn). The remainder of the spending went to ...
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News briefsUnichel claims tagging has not eradicated counterfeiting in Russia
The mandatory tagging of shoes has not solved the problem of the wide presence of counterfeit footwear in Russia, according to Ekaterina Zheleznyakova , development director of the shoe producer and retailer, Unichel . So far, the project has only had a negative impact on legitimate businesses, resulting as ...
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