The Danish shoe company Ecco saw progress in 2015, but its financial results revealed that it had a difficult time on the Russian market.
Ecco enjoyed a turnover of almost 10 billion kroner and profit of about 850 million kroner despite sales in Russia being halved.
“2015 was characterised by Ecco successfully launching innovative collections and investing in the future,” said Ecco’s CEO Dieter Kasprzak.
“We managed to close the significant gap created by the drop in sales in Europe. This was done through accelerated shop openings, launching more e-commerce sites, and working closely with our wholesale partners. With the exception of Russia …read more
Source: The Copenhagen Post
