In 2008, during the period of financial collapse and economic decline, the domestic shoe industry was facing a number of serious problems such as an inventory of 400 million pairs of shoes, production costs that were even higher than the selling price of the stored shoes, and the bankruptcy of large numbers of shoe factories. All these terrible pieces of news prompted enterprises to cut through the fog and take prompt actions - buying up super-value brand-name shoes for consumers.
In 2008, SKOMART was born in the autumn of the global economic depression. It aimed to open the warehouses of branded shoes, hence the name: "Brand Name Shoe Depository".