(MENAFNEditorial)
Despite consistent growth of private consumption during the last three years the Russian retail sector faces threat of Western sanctions which will reverberate through most of the sub-sectors. Bans on imports and weakening rouble will seriously harm consumers' purchasing power and prudent actions will be needed from the government to tackle growing inflation. We anticipate that international relations will remain a major determinant of retail sales and a threat to growth of the sector in Russia.
The recent developments in the Ukraine conflict Western sanctions and slumping oil prices threaten Russia with another large-scale economic crisis. In its attempts to control the depreciation of rouble the Central Bank of Russian Federation decreased its foreign currency reserves by USD67 billion during first three quarters in 2014. Despite that the Russian currency lost 17% of its value against dollar within the same time frame. Moreover the Russian parliament is considering several protectionist measures such as 50% limit on the share of imported meat of all meat sales in the retail chains operating in the country.
Full Report Details at
- http://www.fastmr.com/prod/904314_russia_retail_report_q1_2015.aspx?afid=101
* Russian consumers agree that domestic groceries are more expensive in comparison with imported goods and with imports being curbed as a countermeasure to Western sanctions the prices will keep rising resulting in 6% annual inflation in 2015. We anticipate that this will not allow the consumers to cut down on spending on food & non-alcoholic drinks in comparison with the other retail sub-sectors as much as they would like to. The share of spending on this sub-sector will decrease only marginally from 28.4% to 28.0% during the forecast period. Uncertainty about economy and rising prices of groceries will prevent Russian consumers from making larger purchases for an extended period of time.
* Similarly retailers face ambivalent growth prospects. While some of them like Stockmann which is planning to close the last of its 34
Report Table of Contents:
BMI Industry View
SWOT
Political
Economic
Industry Forecast
Headline Retail Forecast
Table: Total Household Spending 2011-2018
Table: Retail Sector Spending (%) 2011-2018
Table: Retail Sector Spending as a % of GDP 2011-2018
Table: Headline Retail Sector Spending 2011-2018
Retail Sectors Forecast
Food Drink and Tobacco
Table: Food Drink & Tobacco Spending 2011-2018
Clothing and Footwear
Table: Clothing & Footwear Spending 2011-2018
Household Goods
Table: Household Goods Spending 2011-2018
Personal Care and Effects
Household Income and Numbers Forecast
Table: Household Data 2011-2018
Table: Labour Market Data 2011-2018
Retail Demographic Forecast
Table: Total Population 2011-2018
Table: Population: Babies 2011-2018
Table: Population: Young Children 2011-2018
Table: Population: Children 2011-2018
Table: Young Teens and Older Children 2011-2018
Table: Population: Young People 2011-2018
Table: Population: Older Teenagers 2011-2018
Table: Population: 21yrs + 2011-2018
Table: Population: Young Adults 2011-2018
Table: Population: Middle Aged 2011-2018
Table: Population: Urban 2011-2018
Industry Risk Reward Ratings
Central And Eastern Europe Risk/Reward Ratings
Table: Europe Risk/Reward Ratings
Industry Risk Reward Ratings
Rewards
Risks
Market Overview
Retail Subsectors
Tourism
Competitive Landscape
Department Stores
MRG
Fashion
Home Improvement
Pharmacies and Personal Care
Other
Glossary
Methodology
Industry Forecast Methodology
Sources
Risk/Reward Rating Methodology
Table: Retail Risk/Reward Ratings Indicators
Table: Weighting Of Indicators
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts we provide quick and easy access to the best competitive intelligence available. Our unbiased expert staff is always available to help you find the right research to fit your requirements and your budget.
For more information about these or related research reports please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.