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.
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.
The retailer Auchan has decided to change the business model, expanding the range of products in the middle and premium segments. François Remy, the general director of Auchan Retail Russia, noted that earlier the retailer was positioned mainly as a discounter with an emphasis on cheap products.
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.
