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:

Freedom Buys American Broker
22.12.2020
Moscow Put up for Auction 68 Properties at Discounted Prices for SMEs
14.09.2020
Visa: Almost 40% of SMEs Plan to Continue Working Remotely
14.09.2020
Russia is in the Top 5 European Countries with the Worst Consumer Sentiment
25.07.2020
VkusVill Opened in Netherlands
02.06.2020



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share


TAGS:
Fashion Futurum  Yury Grigorovich  Arkhangelsk  St. Petersburg  Victory Day  Mercedes-Benz Fashion Week Russia  Khabarovsk  volcano  Pulkovo aiport  St. Petersburg Parks   Hockey Worlds 2012  Russian business  Russian photography  Yaroslavl Region  Russian Film Directors  product ban  police  Russian tourism  Yekaterina Koneva  Nicholas II  Kolomenskoye  Exhibitions in Moscow  Varvara Bubnova  terrorism  Architecture Monuments  Brussels  human rights  Yuriy Norstein  LGBT in Russia  Museum Festival  Street Art  foreign agent  Russian transport  Zaryadye  Russian regions  Morcheeba  Moscow  travel to Russia  Russian Art Festival  Russian sportswomen  Andrey Zvyagintsev  Russian Cinema  Festivals in Moscow  Spartak Moscow  Painting  Karlovy Vary Film Festival  Russian IT sector  Moscow Muslims  Krasnodar Territory  Flights to Moscow 


Travel Blogs
Top Traveling Sites