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:

The Castro 10 (C10) Vessel has Started Preparatory Work on Laying Gas Pipes for the Nord Stream-2
13.08.2018
Rambler.ru Noticed the Growth of EBITDA by 56 Percent
28.02.2018
Bank Deposits and Accounts of Small Businesses and Microenterprises will be Insured
24.08.2018
New Law on Foreign Employees in Russia was Signed
02.08.2018
Aeroflot is Interested in Purchasing Supersonic Civil Aircraft
22.03.2018







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

-8

search on the map
TAGS:
St. Petersburg  Russian mobile networks  Festivals  Festival of Modern Jewish Culture  international cooperation  Russian tourism  Archeology  non-resource sector  Cinemas  Pancakes   Vladimir Zhirinovsky  Yaroslavl   Archaeology  International space station  Russian Cinema  Moscow  Igor Grabar  Exhibitions in Moscow  Antarctica  corruption  Russian business  Timur Bekmambetov  Governors of Russia  Tyumen  Russian space exploration  Huskies in the City  Yamburg Fortress  space  Abaza  Siberia  Elections 2012  Mercedes-Benz Fashion Week Russia  Aleksandr Solzhenitsyn  Innovations  Yevgeny Samoylov  Russian Literature  Bahrain Grand Prix  GUM Department Store  Russian churches  Constructivism  Must See Places  Chelyabinsk  Nikita Mndoyants  Russian history  Russian Architecture  Multimedia Art Museum  Samara Region  Vadim Kozin  Sergey Ilyushin  Bashkiria 


Travel Blogs
Top Traveling Sites