Адрес:
6 Presnenskaya Emb., 123112 Moscow Russia
Главная \ News \ Azbuka Vkusa has squeezed out all the fresh for brand AV market

Azbuka Vkusa has squeezed out all the fresh for brand AV market

The retailer is looking for an exit strategy for the AV market. Azbuka Vkusa can suspend the development of AV Market stores that are operating in the format of a fresh market with cash services. The company has opened 2.5 times less stores than planned during last 4 years since the launch this concept of stores. SEC Riga Mall is looking for a new company instead of the anchor tenant AV Market, and it takes about 2,000 sq m.

Four years ago, the company announced the launch of the AV Market and was going to open 25 stores in five years. In a press release on this occasion it was reported that the new network is aimed at middle-class buyers, who demand high requirements for purchased products and the correlation of price and quality. The average check in such stores is lower than in the Azbuka Vkusa. This format is a fresh market, but with a cashier to pay for purchases. In addition to the market, food courts with cafes, pizzerias, sushi bars and steak houses work in the AV Market. The stores were planned to be located on an area of ​​at least 2,000 sq m, investments in the opening of each were announced in the amount of $5 million.

Source: www.kommersant.ru

Tegs Azbuka Vkusa retailer
News

The most popular investment instruments for Russian citizens are savings accounts in banks, foreign

currency, real estate, life insurance and cryptocurrencies.

The real disposable income of Russians in the third quarter fell by almost 5% after a record drop of

8.4% in the second, Rosstat reported.

In September 2020, the monthly increase in consumer prices (as estimated seasonally adjusted) decreased to 0.25% compared to 0.38% in August, according to the next release of the information and analytical commentary “Dynamics of consumer prices”.

Consumer demand in the first seven months of 2020 in Russia decreased due to the coronavirus pandemic by an average of 6.7% relative to the result of January-July 2019.
Net capital outflow in January-August 2020 increased 1.7 times compared to the data for the same period last year – from $20 billion to $34.8 billion.
MARKET INDICATORS
Retail in Russia
Retail in Russia
Russia and China
Russia and China
The structure of expenses of the population of the Russian Federation
The structure of expenses of the population of the Russian Federation
The structure of expenses of the population of the Russian Federation
The structure of expenses of the population of the Russian Federation
Real estate
Real estate
Real estate Russia
Real estate Russia
Контакты
6 Presnenskaya Emb., 123112 Moscow Russia
Get in touch