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 in Europe. Katy Humphries reports. |
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RUSSIA: X5 hails success of multi-format approach - Article (20th 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 - Article (16th 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 - Article (12th October 2009) Russian hypermarket operator Magnit posted a 31% increase in profit for the first nine months of the year. Russia Food and Drink Report Q4 2009 (download) - Research (1st October 2009) Business Monitor International's Russia Food and Drink Report provides industry professionals and strategists, corporate analysts, food and drink associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Russia's food and drink industry. RUSSIA: X5 to grow sales, boost share - Article (16th September 2009) X5 Retail Group, Russia's largest retailer, has confirmed that it plans to “significantly grow” its sales and market share. Food Retail - BRIC (Brazil, Russia, India, China) Industry Guide - Research (19th August 2009) Datamonitor's Food Retail - BRIC (Brazil, Russia, India, China) Industry Guide is an essential resource for top-level data and analysis covering the BRIC (Brazil, Russia, India, China) Food Retail industry. The report includes easily comparable data on market value, volume, segmentation and market share, plus full five year market forecasts. It examines future problems, innovations and potential growth areas within the market. Retailing in Russia - Research (8th 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. Retail in Russia 2009 – Regional focus - Research (20th April 2009) Retail in Russia 2009 – Regional focus describes and analyses the current retail market in Russia both as a whole and separately – in each of the country’s seven Federal Districts. |
