What has recession meant for Russian retail?

The surprise announcement that French retail giant Carrefour will exit Russia throws into sharp relief the number of challenges facing retailers in the market. While growing disposable local income had fostered the development of modern retailing, the dramatic impact of the economic downturn has put the spending power of Russian consumers under pressure. Retailers operating in the market have come in for a bumpy landing. Nevertheless, Russia still offers the greatest long-term growth prospects i

High-risk Russian retail remains promising prize

19 October 2009

RUSSIA: X5 hails success of multi-format approach

20 October 2009

X5 Retail, Russia's largest retailer by sales, today (20 October) suggested that its multi-format strategy had allowed it to circumvent some of the harsher effects that the economic downturn has had on consumer spending in the country.

FRANCE: Carrefour to exit Russia after four months

16 October 2009

Carrefour, the world's second-largest retailer, is to withdraw from Russia just four months after opening its first store in the country.

RUSSIA: Magnit posts 31% rise in sales

12 October 2009

Russian hypermarket operator Magnit posted a 31% increase in profit for the first nine months of the year.

RUSSIA: X5 to grow sales, boost share

16 September 2009

X5 Retail Group, Russia's largest retailer, has confirmed that it plans to “significantly grow” its sales and market share.

Retailing in Russia

8 June 2009

After years of buoyant growth Russia's retail prospects have worsened as deteriorating macroeconomic conditions and a recessionary environment feed through to weaker demand and declining retail sales. Despite this many retailers and suppliers are continuing with their expansion plans, motivated by the strong and indisputable future growth potential of the market.

1 January 1900