The Future of Retailing in Russia to 2017 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-21 18:21:03
The Russia retail market has been growing at a CAGR of 50.4% from 2007-12 and is expected to grow at a CAGR of 6.22% from 2012-17.
The size of Russia and the poor road network make logistics the biggest challenge for retailers in the country. Despite an increase in government spending, infrastructure in the country has not improved. Corruption and bureaucracy are the biggest roadblocks to the growth of quality infrastructure in the country.
General retailers was the largest channel group with hypermarkets, supermarkets and hard-discounters recording the highest sales among the various channels under the general retailers channel group during the review period. The convenience stores (including independents) and gas stations channel recorded the second highest sales.
2012 witnessed many retailers in Russia investing in their supply chain capabilities. They opened new distribution centers across various regions in Russia.
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