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 [...]

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 [...]

Despite the slowing economy and shrinking liquidity level, the retail sales in Russia grew by 14.1% to Ruble 12.4 Trillion during January-November 2008. However, retail sales growth declined to 8% during November to around Ruble 1.24 Trillion. But irrespective of declining growth rate, retail sales in Russia are anticipated to remain modest during 2008 and [...]