Retail is one of the fastest growing industries of the Russian economy. In recent years, Russia has emerged as a leading name among countries providing the most conducive retail environment. In fact, Russia is the third most attractive destination for retail after Vietnam and India, thanks to its rapid economic growth, rising purchasing power, favorable policy framework, growing consumer spending and consumption level.
Realizing its potential as a “nearly perfect” retail outfit, a number of large international retailers are heading to Russia. A large population base and oil-based wealth has further attracted the foreign retailers towards the country, says "Russian Food and Non Food Retail Forecast (2009-2012)”.
The Russian retail industry is growing dynamically and undergoing rapid transformation. The market is still fragmented in nature with top 25 retailers accounting for less than 15% of the total market. The current situation offers big opportunities for retailers (both domestic and foreign) to expand their operations and to tap the market. And the vast consumer base with rising demand offers the desired platform for growth and expansion.
"Russian Food and Non Food Retail Forecast (2009-2012)” provides detailed overview on the retail industry in Russia. It covers the past, current and future performance of the industry and identifies the factors responsible for the growth of the industry. The research also studies the behavior of the Russian consumer with respect to his purchasing power, spending pattern, and inclination towards domestic and foreign brands. The future growth areas discussed in the report helps to analyze the emerging market segments for players.
The report features four-year industry forecast (2009-2012)
- Retail Sales in Billion US$
- Non-food Retail Sales in Billion US$
- Food Retail Sales in Billion US$
- Food Imports in Billion US$
- Luxury Goods Market in Billion US$
- Baby Food Market in Million US$
- Clothing Retail Sales in Billion US$
- Cosmetics & Perfumery Market in Billion US$
- Personal Disposable Income per Head in US$
- Consumer Expenditure in Billion US$
- Online Sales Market in Billion US$
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