STOBZ - Lifestyle Retailer - Philippines
We started our STOBZ eCommerce website early 2017 exclusively targeting the Philippines market.
Why sell premium affordable footwear in the Philippines? - Solid economically with GDP growth forecast of 6,5 % for 2016. - Footwear increases in current value by 8% in 2016, with sales reaching PHP101.4 billion - Increasing travel and the rise of active lifestyles combine with lifestyle fashions and trends to support strong growth in sales of footwear - Footwear is expected to increase in value at a CAGR of 6% in constant 2016 terms over the forecast period - Men’s footwear also recorded a dynamic performance in 2016, rising in current value by 7% to reach sales of PHP42.1 billion. The growing demand for men’s footwear is very reflective of the changing consumption behaviour of male Filipino consumers. Being fashionable is no longer automatically equated with being less masculine as it was previously, and more Philippine men are prepared to make repeat purchases of footwear. This is now becoming a social trend, especially among younger generations of consumers and young professionals. Collecting footwear of different sportswear brands and prestige leather footwear brands has been identified as a tool which can be used to enhance one’s social status among male consumers.
Who are we?
STOBZ is a Filipino born online retail shop focused on offering a selected range of premium yet affordable European branded footwear in the Philippines. Our mission is to disrupt the fashionwear industry in the Philippines by actively partnering with the world’s top fashion creators and designers to build and offer original, creative, high-end and timeless footwear.
Realising a gap in the market for a smart shoe which could be versatile and styled to occasions, STOBZ proudly presents our flagship brand: Duke & Dexter, a British born footwear label, specialising in premium loafers for those who appreciate modern, functional and spirited apparel. Designed in London and handcrafted in England, D&D choose to innovate the conventional whilst working off traditional styles, through offering an array of colours, textures, prints and motifs, while never faltering on exceptional comfort to accommodate a contemporary lifestyle.
Since launching in 2014, D&D have received international recognition, selling to over 100 countries worldwide, alongside reputable retailers in the UK including Liberty’s, Fenwick and Selfridges and Harrods this year.
D&D are hugely fortunate to have a credible celebrity client base, including the likes of Nick Jonas, Justin Timberlake, Ryan Reynolds, Eddie Redmayne, Poppy Delevingne, Tinie Tempah and Tyson Beckford, who over the years have helped cement Duke & Dexter’s position as a leading loafer label. STOBZ is proud to have partnered with D&D as an officila/exclusive stockist in the region.
Sales have not sky rocketed so far mostly due to the fact the we have been primarily retailing online, but we will soon notice a huge year to end increase in turnover thanks to a deal that has been made (October 2017) to consign the D+D shoes to the biggest and most popular luxury retail store in Manila (Makati) starting next week with a solid order of 50 pairs (to start off) with a price average per pair of 180 GBP. (Average of 50 % margins per pair sold)
We are looking for an active partner already established in the region to take our sales to the next level by opening up new accounts and being an active part of our team. We are prepared to offer an equity stake of our company (%) in return for an amount (TBD) in order to re-invest into online marketing, growing the team & acquiring new stock for upcoming exciting brands to fill up inventory and satisfy the growing demand.
Open to discuss an acquisition all but not limited to: - STOBZ online store & Domain (+1000 hours of work) - Our ongoing accounts & relationships with local retailers and partners. - Online Community: Social media platforms (IG +10 K followers) + Subscribers list 200+ and growing - Inventory (8 000 USD ++) - Full Research and Study of FOOTWEAR IN THE PHILIPPINES (By: Euromonitor International March 2017)
Financial reports upon request.
Many thanks! Director Christopher Johnson
Revenue includes sales until the end of last month and is calculated from Exchange’s eligible payment providers. Total traffic comes from all data available to Shopify.