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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.
Ulmart announced the launch of small stores after the reduction of retail business

They will be opened mainly in shopping centre, so the retailer expects to attract more buyers there. Online retailer Ulmart launched a new type of outlets – order execution centre (OEC) of small format. The first object was opened in early May at the Okhta Mall shopping and entertainment centre in Saint Petersburg.

Turkish clothing retailer Koton will open in Russia "dozens of shops"
Large Turkish clothing retailer Koton plans to open in 2018-2020 years "several dozen stores" in Russia, reports FashionUnited, citing a representative of the company. The company plans to increase the total sales area in Russia up to 150 thousand sqm, and the number of employees — up to 3 thousand. At the present time in the Russian stores, the company employs 1 million people. 
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
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
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Real estate
Real estate Russia
Real estate Russia
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