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

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:

Russia will Transit to Electronic Employment Records in 2021
Bloomberg: Russian Retailers will Benefit from the Foreign Fans
The Most Popular Offshore Choice of Russians is the British Virgin Islands
Strong Spirits: Vodka, Gin and Absinthe have Risen in Price in Russia
Resources and Economics of Global Oceans to be Discussed at SPIEF 2018

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian culture  Russian painters  Festivals in Moscow  Mercedes-Benz Fashion Week Russia  Russian Poetry  Oktyabrsky  Russia  Visa   Alexander Pushkin  Rossosh  Russian Literature  Life Saving  Russian Cinema  Slayer  Yudashkin  Weapon  Influenza   Russian business  Smoking in Russia  movies  Marina Neyolova   Exhibitions in Moscow  Motorhead  Vegetarian Menu  biology  accommodation in Russia  Pertsov's House  Russian tourism  Karachay-Cherkessia  St. Petersburg  Russian Rock  Archeology  Fyodor Konyukhov   Russian customs  Cybersports  Kalyazin  Primorye  Bolshoi Theatre  activity holidays  Moscow  Murmansk Region  Russian Navigation  travel to Russia  Zerkalo  human rights in Russia  exoskeleton   elections in Russia  Inza  Debtors  Karl Bryullov 

Travel Blogs
Top Traveling Sites