What has recession meant for Russian retail? Archives - Just Food
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What has recession meant for Russian retail?

RUSSIA: X5 hails success of multi-format approach

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...

High-risk Russian retail remains promising prize

High-risk Russian retail remains promising prize

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.