After years of buoyant growth Russia's retail prospects have worsened as deteriorating macroeconomic conditions and a recessionary environment feed through to weaker demand and declining retail sales. Despite this many retailers and suppliers are continuing with their expansion plans, motivated by the strong and indisputable future growth potential of the market.
Scope of this research
* Proprietary market value and growth data for Grocery, DIY, Electricals, Furniture and Clothing (including Department store) sectors from 2003-2008
* Competitive insight into the store numbers, areas, brands, recent financial performance and future direction of the country's leading retailers
* Visibility on the foreign retailers that have entered or are entering the Russian market and a discussion of their chosen regions and strategies
* A comprehensive socio-economic assessment including indicators such as GDP, consumer expenditure, inflation, employment and population distribution
Research and analysis highlights
The global financial crisis has hit Russian retail hard. In January sales rose modestly by just 2.4% year-on-year marking a continued downward trend in growth rates. Consumers have had to cut back and are increasingly focused on value for money. Since the unfolding of the crisis, there has been a greater uptake in private label goods.
The food and grocery sector will be the least affected by Russia's macroeconomic and financial woes and discounters in all sectors will thrive whilst upmarket retailers will suffer. The period of frivolous Russian spending has come to an end and several luxury retailers have decided to withdraw from the market amid worsening trading conditions.
Though it remains a risky market, the long term gains on successful market entry are abundant. Russia continues to attract major foreign retailers. Carrefour and H&M are set to open in 2009 and Wal-Mart is also exploring opportunities in the Russian market. More retailers are likely to follow suit in the future.
Key reasons to purchase this research
* Assess market potential and threats by accessing sector size data and seeing how consumers and retailers have reacted to recent economic turbluence
* Maximise return from market entry or expansion investments by uncovering the next 'hot' cities and regions for development
* Identify foreign and domestic retailers and formulate your competitive position in regards to future initiatives in areas such as branding and formats
To know more and to buy a copy of your report feel free to visit : http://www.bharatbook.com/Market-Research-Reports/Retailing-in-Russia1.html
Or
Contact us at :
Bharat Book Bureau
Tel: +91 22 27578668
Fax: +91 22 27579131
Email: info@bharatbook.com
Website: www.bharatbook.com
Blog: http://bharatbookresearch.blogspot.com
Follow us on twitter: http://twitter.com/3bbharatbook |
