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Главная \ News \ Food retail operators continue to develop their business in the Russian market

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

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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.
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