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Detsky Mir opens new stores by the brand ABC

The retail chain will sell inexpensive toys for the early development of children.
Detsky Mir opens a new chain of toys stores ABC that will presents an expanded range of goods at more affordable prices, the representative of retailer said. In ABC will be sold toys, construction-set elements, educational and creative games for children from 0 to 14 years. Buyers will be able to purchase toys from well-known foreign manufacturers such as LEGO, Hasbro and Mattel, and released under their own brand name ABC. The assortment totals about 1,500 items.

New retail operator in food retail market

The founder of DIY retailer “Starik Khottabych” and the former co-owner of DIY retailer OBI Igor Sosin announced that he launches a new format of food retail with a dining area named as “Food Café”. His business partner Alexander Kolobov, the owner of the restaurant group “Chocolatnitsa" mentioned about it to “Kommersant”.

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”.

Tmall enters in the Russian DIY market
The Chinese marketplace Tmall, a part of the Alibaba Group, launches trade in goods for home and repair in Russia. The service is available to buyers since April 26, writes “Kommersant”. At the first stage the assortment portfolio will include 250 names, within half a year the company plans to expand it to 4,000 names. The first partners of the company in Russia will be the brands Robert Bosch, Gardena, Makita, Metabo.
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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Retail in Russia
Retail in Russia
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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
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