Novosibirsk, 13 November 2018: Obuv Rossii Group, the first publicly traded company of the Russian fashion-retail, has expanded its stock of women products. At the end of October, the stores started offering underwear sets. The pilot line includes seven types of sets with plans to further expand the line. In early December, the new products will appear in most regions of Obuv Rossii’s presence.
“Our customers want to see not only outdoor clothing, pullovers and cardigans, but also corsetry,” says Anna Kochanova, lead manager for related products in Obuv Rossii Group. “The sets are made of mixed fibers containing nylon and elastin. There are also some models with cotton and polyester. The products just started to be offered in the stores, but they are already popular and get positive feedback from the customers. We plan to develop this line”.
Obuv Rossii started selling related products under own brands in 2010. There are now over 5,000 SKU of related products in the Company’s stores including clothing, bags, haberdashery articles, shoe care products, hosiery, foot care products, home products, etc. The share of related products in the retail proceeds constantly grows: in 2010 it was 4%, in 2017 – 31%, and according to the results of the nine months of 2018, its share increased to 33,4%.
Obuv Rossii (MOEX: OBUV) is a nationwide footwear company, the first publicly traded company in the Russian fashion retail. Obuv Rossii was established in 2003, it is headquartered in Novosibirsk and has a representative office in Moscow. The main Group business line is the production and sale of footwear and related goods. The Company manages 682 stores (133 operate as a franchise) under the brands of Westfalika (a monobrand store of classic footwear), Peshekhod («Pedestrian») (a multibrand footwear supermarket), Rossita (a store for the whole family), Emilia Estra and Lisette (salons of fashionable footwear), in addition to developing brands of clothes and footwear for the active lifestyle brands of S-tep, All.go and Snow Guard. Furthermore, the Group also owns two manufacturing facilities in the Novosibirsk region.
In September 2018, RAEX (Expert РА) confirmed the creditworthiness rating of Obuv Rossii Group at ruBBB+ level, a «stable» forecast. In October 2017, Obuv Rossii raised 5.9 billion rubles in an IPO on the Moscow Exchange (ticker: OBUV), the issuer being OR PJSC, and in doing so became the first publicly listed company within the Russian footwear and fashion market.
In accordance with the audited Financial Statements under the IFRS Group, revenue amounted to RUB 10.8 billion for the full year of 2017, net profit was RUB 1.31 billion, and EBITDA was RUB 2.74 billion.