Retail Industry in Russia to Withstand Financial Crisis: RNCOS
By: Shushmul Maheshwari
The Russian retail market has demonstrated solid growth rate over the last few years and become one of the most actively developing segments of the economy. It has not only gained recognition at the domestic level but also at the international level as it is one of the fastest growing markets in the world.
According to our new research report Russian Retail Industry Forecast to 2013, the prime factors for the retail sectors growth have been soaring disposable income, rising middle class base in the total population and favorable consumer behavior. The retail sales grew by almost 25% CAGR from 2004 to 2008 due to favorable economic environment and high consumer confidence.
The report further states that 2009 will be the most challenging year for the Russian retail industry, but slow economic growth and low liquidity level will not be able to hamper the growth trajectory of large retail formats like hypermarket and supermarket. These formats will gain market share from other retail formats and witness a healthy growth in coming years.
We anticipate marginal decline in retail sales during 2009 due to after effects of financial crisis, economic slowdown and above all low consumer confidence. Overall sales revenue of the retail industry for 2009 is projected to be around US$ 420 Billion. We expect improvement in retail industry sales after 2009 because of positive outlook for consumer confidence and improving macro and micro economic conditions.
Russian Retail Industry Forecast to 2013 provides detailed overview of the retail industry in Russia and covers the past, current and future performance of the industry. It identifies the factors responsible for the growth of the industry to enable clients better comprehend the forces giving impetus to retail sales in Russia. The research also studies 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.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM219.htm
Check DISCOUNTED REPORTS on: http://www.rncos.com
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