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:

The Number of Offers on the Sale of Businesses Increased in Russia by 33%
Strong Spirits: Vodka, Gin and Absinthe have Risen in Price in Russia
The Russian Startup BestDoctor Attracted the Investment of $ 3 Million
Moscow is Going to Sell 340 Real Estate Items for Small Businesses on Special Conditions
Russian Crowdfunding Market Grew by 34% during 2018

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian hockey  Russian judo  Gustav Klutsis  Theatre Festivals  La Pushkin Theatre  incident  travel to Russia  Real hypermarkets  Tchebarkul Meteorite  Uglich   Syria  Peterhof  Photo Exhibitions  Russian Cinema  Russian media  Illustrations  Alexander Chubaryan  Victory Day  Russian business  Golden Ring Show  Russian tourism  accommodation in Russia  IT  Lawlessness  Kostroma  Hermitage Museum  Mercedes-Benz Fashion Week Russia  security  Zenit St. Petersburg  space  Festivals in Moscow  Olympics 2012  poll  Russian regions  Moscow  Slava Polunin  St. Petersburg  Pablo Picasso  Moscow Vnukovo  Inter-Continental Hotel Group  Volgograd  Tourism Barents Summit  Municipal Improvement  Transaero  Russian Lakes  contemporary art  Soviet Stagnation  Exhibitions in Moscow  Russian Traditions  Road Construction 

Travel Blogs
Top Traveling Sites