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Food retail operators continue to develop their business in the Russian market.

In Q1 2018, X5 Retail Group increased the growth of retail revenue by 20.2% compared to the same period last year.

The retailer Billa continues to implement the strategy of active expansion. In April 2018 it was announced that Billa is going to buy the chain of grocery stores named “Ya Lubimiy”.

The retailer Azbuka Vkusa continues to focus on the accelerated roll-out of the AV Daily format in Moscow and St. Petersburg. In Q1 2018, retailer has opened new store in Arbat area in Moscow. Moreover the retailer is preparing an eco program to popularize re-usable packaging among customers.

Despite the development of the retail market, according to the Global Path to Purchase Survey 2018, 96% of customers leave the store without buying anything. Retailers are recommended to diversify their goods and assortment, organize store shelves.

Sources: Verve Way, retail.ru, retail-loyalty.org

Tegs retail retail operators
News
The OECD predicts acceleration in the global economy and a slowdown in the domestic Russian economy. The decline in household incomes and the contraction of consumer demand may become an additional brake on the recovery of the Russian economy.
According to Rosstat, the economic downturn in Russia in 2020 amounted to 3.1% – significantly better than expected.
The Deputy Chairman of the Bank of Russia Alexey Zabotkin emphasized that the potential economic growth rates do not depend on monetary policy, they are influenced by demography, labor force, and the efficiency of institutions.
The Russian economy continues to lose its attractiveness in the eyes of large transnational businesses as consumers become poorer and the government continues the sanctions war with the West.

The Washington Institute of International Finance (IIF) sharply improved its forecast for the Russian economy. Its experts revised estimates of the fall in GDP in 2020 from minus 4.8% to 3.6%.

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