NOVOSIBIRSK, Russia--(BUSINESS WIRE)--
Obuv Rossii Group (MOEX: OBUV), the first publicly traded company in the Russian fashion retail, comprising 885 stores in 360 cities of Russia and two production facilities, announces its operating results for 1Q ended 31 March 2020.
1Q 2020 OPERATING HIGHLIGHTS:
- Group’s consolidated unaudited revenue increased by 3.9% y-o-y to RUB 2.654 bln.
- Total like-for-like revenue rose by 0.3%.
- Total DOS selling space increased by 13.2% y-o-y to 61,500 sqm.
- The number of holders of the loyalty cards that are valid in all retail chains of the Group over 12 months increased by 15% to 2.64 mln holders.
Anton Titov, CEO of Obuv Rossii Group, comments:
Despite the challenging economic and epidemiological situation in the country, Obuv Rossii’s business has shown growth: Group’s consolidated unaudited proceeds increased by 3.9% up to RUB 2.65 bln. In 1Q we continued the transition to a new format of our stores. Now our sales points are general stores offering its customers a wide range of goods. In 1Q the share of non-shoe products in the retail proceeds grew up to 43.5% and will be at least 50% according to the results of the year. For three months the turnover of the Prodayom online platform that we use to cooperate with suppliers exceeded RUB 1 bln. Online sales demonstrate higher growth rates than offline retail – by 13.4% according to the results of 1Q. The online marketplace launched in March and based on our westfalika.ru online store will start operating at full capacity by the end of 2020. A diversified business model we follow implies the development of services. Now we have more than 2,000 partner pickup points based on our stores. Number of clients which have used our add-on financial services such as instalment payments and cash loans exceeded 1.4 mln. Installment payments are especially popular during a downturn allowing people to purchase products for everyday needs.
About OBUV ROSSII ()
Obuv Rossii Group is a federal retail shoe chain, the first publicly traded company in the Russian fashion retail. Obuv Rossii was established in 2003, it is headquartered in Novosibirsk with a representative office in Moscow.
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