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

Large Foreign Companies Showed the Worst Results in Entering and Leaving the Russian Market in 2018
8.02.2019 12:05
Large Foreign Companies Showed the Worst Results in Entering and Leaving the Russian Market in 2018

In 2018, large foreign companies showed the worst results in entering and leaving the Russian market, Kommersant reports, citing a Knight Frank survey.  Thus, 12 large foreign networks left Russia in 2018 (eight in 2017), and 24 new brands entered the market (37 a year earlier).

      The activities of foreign brands in Russia are influenced by the fall in real incomes of Russians, as well as the active development of commerce on the Internet and changes in consumer demand, which is associated with a change of generations. “Not all brands managed to adapt to the new conditions and propose a new format of interaction with customers at the global level ... Therefore, even such giants as Sears, Payless, BCBG are going bankrupt,” as the director of the department of commercial premises of CBRE Marina Malakhatko notes.

      Top Russian Fashion Designers - Buy Online

      “Low activity in the investment market, a decline in the interest of Western brands to Russia - all this stimulates the domestic market, gives impetus to the development of new concepts,”  Evgenia Hakberdieva, director of the retail real estate department at Knight Frank comments. Now, the format of pop-up-spaces is becoming more and more popular - small platforms in shopping centers that are allocated for temporary trade, for example, to present a new collection or collaboration.


Author: Anna Dorozhkina

Tags: Russian business Russian trade Russian companies   

Next Previous

You might also find interesting:

It is Planned to Open 30 New My Business Centres in Russia in 2019
Shadow Sector Salaries in Russia
The Decisions of Foreign Courts on Business Cases will Begin to be Executed in Russia
Yandex Ranked Among the Fastest Growing Companies in the World
Russia Plans to Launch the Approach of the Regulatory Guillotine

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian tourism  Moscow  Central House of Artist  Russian designers  Mercedes-Benz Fashion Week Russia  Nikita Mndoyants  Heroism   Karachay-Cherkessia  Collecting  Moscow parks  Sverdlovsk region  Izhevsk  Innovations  RusHydro  Bagration  Russian sport  Atamans  Anzhi  travel to Russia  Legal Services in Russia  Russian regions  Wooden Architecture  Russian Cinema  award  Dagestan  literature for children  Festivals in Moscow  alcohol import  IT market in Russia  World New Year  visa center  Communication Satellites  Artyom Mikoyan  Far East  Russian directors  Russian religion  Exhibitions in Moscow  Musicals in Moscow  Russian business  Russian Poetry  Rhinoceroses  Dmitry Mendeleyev  St. Petersburg  Spartak Moscow  Museums of Kaliningrad  Russian opera  Sport Films  Exhibitions in Tver  Svyaznoy  Russian tennis 

Travel Blogs
Top Traveling Sites