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:

Russian Post is Thinking of Launching a Corporate Venture Fund
11.02.2020
The Service for Gamers Legionfarm has Attracted $ 1.5 Million
02.10.2019
Kaliningrad Region is the First in Terms of Involvement of the Population in Small Business
11.04.2019
Non-cash Tips in Moscow
08.08.2019
The Number of Individual Entrepreneurs in Russia has Exceeded the Number of Companies
25.04.2019







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Alexander Sokurov  Best City in the World  Adygea  Transformable Manned Module  Syria  Slovo festival  combined ticket  Russian Internet  the Bolshoi Theatre  Chelyabinsk  State Duma  Ivan Shultze  Peterhof  Russian regions  e-learning  Chechen republic  electronic employment record books  St. Petersburg  Oryol Region  Leo Tolstoy  Moscow hotels  travel to Russia  Contemporary Arts  New Year  Vladimir Yevtushenkov  Russian government  Mercedes-Benz Fashion Week   Vologda  Festivals in Moscow  Russian tourism  Fabio Capello  Russian business  Nikolai Valuev  Russia-U.S.  Tolbachik  Exhibitions in Moscow  satellite  Valery Gergiev  Russian companies  Sticky Jam Festival  Russian Cinema  Moscow  Krasnoyarsk  Maker Faire Moscow  Russian elderly  Mercedes-Benz Fashion Week Russia  Airbus A321 Crash  Russian New Year  Lyudmila Kasatkina  Azat Agafarov 


Travel Blogs
Top Traveling Sites