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

Franchise Business in Russia Went Down
8.11.2020 10:16
Franchise Business in Russia Went Down
(Source: https://subway.ru/franchising/blog/franshiza-perspektivnyy-biznes)

The number of applications for the purchase of a franchise in Russia decreased by 12% yoy. This is reported by Kommersant with reference to a study by Franshiza.ru.

      The pandemic has worsened the state of affairs in the franchise market. From April to October 2020, the demand for business models decreased, especially in the catering and fashion stores. The number of such franchise outlets decreased by 24% less year-on-year. During the spring lockdown, every fifth franchise outlet closed. The demand for franchises in September added 15%, and from the second half of October again showed a negative trend - minus 8%.

      Only pharmacies and grocery stores showed growth. The number of franchised pharmaceutical companies increased by 21%, and grocery stores by 23%. Partner points in the service sector have increased by 15%. The increase occurred mainly due to the points of issue of orders of marketplaces. During the pandemic, 72% of franchisors did not abolish royalties for partners, but 56% of them still reduced their fees. Over 80% of surveyed franchisees did not receive help from the Russian authorities during the crisis or did not ask for it.




Author: Anna Dorozhkina

Tags: Russian business coronavirus Russian companies   

Next Previous


You might also find interesting:








Comment on our site


RSS   twitter      submit


Ïàðòåð


TAGS:
Collider  Legal Services in Russia  travel to Russia  Russian actors  Penza  Moscow  Baumgartner  Sochi FIFA 2018  Russian Cinema  Customs Union   Kropotkin  Kremlin Palace  skating in Moscow  Russian tourism  Soviet Union  Labour Day  Exhibitions in Moscow  Russian laws  Plesetsk space port  Russian education  St. Petersburg  elections in Russia  Russian people  Neanderthal Man  JAZZ style August  Russian economy  book hotels in Russia  Treasures  Serebryany Ruchei   Russia  Mercedes-Benz Fashion Week Russia  Plastic Roads  Russian anomalous zones  Anatomy  Vyacheslav Shilov  Russian tourists  Cars  Russian scientists  Snezhinsk  Robots  Bolkhov  Russian Music Instruments  Moscow Metro  Russian business  Sokolniki  Russian medicine  Astrakhan  Russian gaz  places in Moscow  Russian science 


Travel Blogs
Top Traveling Sites