Retailing in Russia

Published: May 2009

Publisher: Verdict

Product ref: 76970

Pages: 106

Format: PDF

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Price: $ 4795.00

CHAPTER 1 EXECUTIVE SUMMARY
Key Findings
Main Conclusions

CHAPTER 2 RUSSIA – ECONOMIC OVERVIEW
GDP
Consumer Expenditure
Inflation
Interest Rates
Unemployment

CHAPTER 3 RUSSIA – DEMOGRAPHIC OVERVIEW
Russia Population Profile

CHAPTER 4 RUSSIA – RETAIL SPENDING
Expenditure and Growth
Per Capita
Retail Share of Consumer Spend

CHAPTER 5 STRATEGIC ISSUES
Past
The Russian retail market to date
Present
The situation now
Consumers Trade Down and Cut Back
Private label growth
Winning formats
Suffering sectors
Regionalisation – breaking into the millions
Future
Short term Outlook Bleak
Consolidation
Long Term Potential Attractive…
… But Red Tape, Corruption and Infrastructure Problems Remain

CHAPTER 6 FOOD & GROCERY
Market Summary
Market shares of grocery retailers in Russia
Domestic Players
X5 Retail Group
Magnit
Lenta
Dixy
Other Domestic Chains
International players
Auchan
Metro
Rewe
New Entrants
Outlook

CHAPTER 7 CLOTHING
Market Summary
Distribution Channels
Department Stores
International Department Store operators
Domestic Players
International Players
New Entrants
CEE Payers Entering the Russian Market
Remote Shopping
Outlook

CHAPTER 8 DIY
Market Summary
Distribution Channels
Domestic Players
International Players
Outlook

CHAPTER 9 ELECTRICALS
Market Summary
Distribution Channels
Specialists
Non-specialists
Online
Domestic Players
Eldorado
M Video
Tekhnosila
Other Russian Specialists
Mobile Phone Specialists
International Players
Outlook

CHAPTER 10 FURNITURE
Market Summary
Domestic Players
International Players
Outlook

CHAPTER 11 X5 RETAIL GROUP
Company Overview
Recent Key Developments
Trading
Year to December 2007
Year to December 2008
Benchmarks
Stores
Outlook

CHAPTER 12 GLOSSARY
Definitions
Abbreviations

LIST OF TABLES
Table 1: Russia retail expenditure 2003-2008e
Table 2: Russia food & grocery market size 2003-2008e
Table 3: Russia food & grocery market shares 2008
Table 4: Russia clothing market size 2003-2008e
Table 5: Russia DIY market size 2003-2008e
Table 6: Russia electricals market size 2003-2008e
Table 7: Russia furniture market size 2003-2008e
Table 8: X5 Retail Group company overview 2009
Table 9: X5 trading record 2006-2008
Table 10: X5 sales by type of store 2007 on 2006
Table 11: X5 including Karusel – benchmarks 2007-2008
Table 12: X5 store portfolio 2006-2007
Table 13: X5 space 2007

LIST OF FIGURES
Figure 1: Russia GDP 2002-2008
Figure 2: Russia real GDP growth and forecast 2002-2010
Figure 3: Russia consumer expenditure 2002-2007
Figure 4: Russia consumer expenditure per capita 2002-2007
Figure 5: Russia CPI inflation 2000-2008
Figure 6: Central Bank of Russia interest rates 2002-2008
Figure 7: Russia unemployment 2002-2008
Figure 8: Population of Russia (millions) 1993-2008
Figure 9: Russia regional population density 2008
Figure 10: Russia per capita retail spend 2003-2008e
Figure 11: Russia, CEE, UK and Germany retail spend as % of total consumer expenditure 2002 and 2007
Figure 12: Retail in Russia timeline: past, present and future 2000-2012
Figure 13: Snapshot of Russian retail 2009
Figure 14: Key regional targets for expanding retailers 2009
Figure 15: Regional expansion by three leading international players 2008
Figure 16: Russia electricals market concentration 2008-2010(f)
Figure 17: Russia food & grocery market concentration 2008-2010(f)
Figure 18: Russia retail expenditure on food and non-food 2000-2008
Figure 19: Growth potential of Russian food and grocery market
Figure 20: Opportunities in and threats to Russian retail 2009
Figure 21: Billa, Moscow, 2006
Figure 22: Tsum Moscow 2008
Figure 23: Gum Moscow 2008
Figure 24: Leroy Merlin Russia 2009
Figure 25: Castorama Omsk 2008
Figure 26: IKEA Novosibirsk 2008

Report description

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.

Scope
Proprietary market value and growth data for Grocery, DIY, Electricals, Furniture and Clothing (including Department store) sectors from 2003-2008
Competitive insight into the store numbers, areas, brands, recent financial performance and future direction of the country's leading retailers
Visibility on the foreign retailers that have entered or are entering the Russian market and a discussion of their chosen regions and strategies
A comprehensive socio-economic assessment including indicators such as GDP, consumer expenditure, inflation, employment and population distribution
Highlights
The global financial crisis has hit Russian retail hard. In January sales rose modestly by just 2.4% year-on-year marking a continued downward trend in growth rates. Consumers have had to cut back and are increasingly focused on value for money. Since the unfolding of the crisis, there has been a greater uptake in private label goods.

The food and grocery sector will be the least affected by Russia's macroeconomic and financial woes and discounters in all sectors will thrive whilst upmarket retailers will suffer. The period of frivolous Russian spending has come to an end and several luxury retailers have decided to withdraw from the market amid worsening trading conditions.

Though it remains a risky market, the long term gains on successful market entry are abundant. Russia continues to attract major foreign retailers. Carrefour and H&M are set to open in 2009 and Wal-Mart is also exploring opportunities in the Russian market. More retailers are likely to follow suit in the future.

Reasons to Purchase
Assess market potential and threats by accessing sector size data and seeing how consumers and retailers have reacted to recent economic turbluence
Maximise return from market entry or expansion investments by uncovering the next 'hot' cities and regions for development
Identify foreign and domestic retailers and formulate your competitive position in regards to future initiatives in areas such as branding and formats