Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Main Trends of the Russian Grocery Retail Trade
11.11.2018 23:25
Main Trends of the Russian Grocery Retail Trade
(Source: http://retail.cre.ru/articles/x5-usilitsya-v-37334)

Fitch Ratings has outlined the main trends of the Russian grocery retail trade for 5 years ahead. Further consolidation of retailers, development of promotion offers and the rivalry for the leadership between the major market players will determine the prospects for the development of retail trade in Russia.

      In monetary terms, the sales of food products (including VAT) increased up to 14.4 trillion roubles in 2017. However, the market remains highly fragmented, its geographical development is uneven, and this enables the retailers to grow and consolidate - primarily, at the expense of the regions.

      Read more about Russian companies here.

      The “Fitch Ratings” international rating agency predicts that “X5 Retail Group”, “Magnit” and “Lenta” will continue to expand by taking over local networks. Now the ten largest retailers in the segment already account for 29% of the retail market, and this is not the limit. Under the conditions of a stiffer competition today, many regional retail chains are closing their businesses and free up a lot of space. Large federal companies will wait for the closure of local retailers and conclude new lease contracts for vacant retail spaces.

      Find More about Business in Russia




Author: Anna Dorozhkina

Tags: Russian business Russian companies    

Next Previous


You might also find interesting:

Investment Attractiveness of Russian Regions
27.06.2019
Central Bank: the Russian Crowdfunding Market Fell Sharply in 2019
25.11.2019
Chinese Company May Receive 100% of the Shares of the Russian Intourist Tour Operator
23.10.2019
Russian Railways Launches its Own Corporate Accelerator for High-tech Startups
04.09.2019
The Fastest Growing Enterprises in Russia
28.11.2019







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
social nets  South Stream  "Archimedes" Inventions Salon  Sergey Krikalyov  Sovremennik Theatre   Events in Moscow  3D Art  Moscow State University  Russian regions  Yandex  Festivals in Moscow  Russian Archeology  Statesmen  Russian opposition activists  Russian business  Rudolf Nuriyev Classical Ballet Festival   Kaliningrad  Russian border security  St. Petersburg Parks   Orenburg Airport  Emil Gilels  Saint Petersburg  Textiles  travel to Russia  physics  Street Theatres  Tatarstan  Multimedia  Barnaul  Musicals in Moscow  Museums of Writers  Russian tourism  Russian Film Directors  Moscow  St. Petersburg  Yekaterina Baibayeva  Exhibitions in Moscow  World Cup 2018  the Urals region  collaboration  Russian Brides  Museums of Russia  Battery  Mercedes-Benz Fashion Week Russia  Smoking in Russia  Vladimir Menshov  Kazan  Hermitage  children  Russian Cinema 


Travel Blogs
Top Traveling Sites