Russia still promises growth for International Retailers | Apparel Resources
Home » Markets & Products » Retail Destination » Russia Still Promises Growth International Retailers


Russia still promises growth for International Retailers

Share: 
      Newsletter

Apparel Online India January, 16-31, 2015

Political conditions and weaker currency loom

Amongst the world’s most promising markets for fashion, Russia is the sixth largest market in retail, which is seeing continuous unabated growth. According to the 2014 Global Retail Development Index by A.T. Kearney, Russia has leaped 11 positions to be at the 12th place, based on rising incomes, an urbanizing population willing to spend more, improving infrastructure, and increasing investment in real estate, yet the uncertain political conditions and weaker currency pose a threat to the market. With the collapse of the Soviet Union that marred commercialism, luxury and indulgence, Russia has grown to become one of the largest emerging markets in the world for…

SUBSCRIBE TO READ IN FULL

Source: Apparel Online India January, 16-31, 2015
Have some news? Let us know on news@apparelresources.com

Recommended by Apparel Resources

The amazon success story…

New technologies and changing shopping habits are redefining the retail business globally with online being an important strategy for any retailer who is focusing on reaching a wider audience. And...

Macy’s aims to streamline store portfolio and intensify cost-efficiency efforts

Despite recent reports that the industry’s holiday season was shaping up to top previous estimates due to success driven by strong online sales and a burst of last-minute purchase, this...

Is it the end of the mall?

The year started with Macy’s announcing the closure of 63 stores and eliminating 10,000 jobs as the departmental store chain continued to grapple with weak sales during the holiday season....

Retail Bestsellers 2016

The year 2016 was a very difficult one, especially for retail, as consumers struggled to keep their ‘shopping’ mood in place. Weak economies, terrorist attack, political instabilities, Brexit and finally...

South Korea’s retail market shows an upward trajectory

Home of the third largest retail market in Asia Pacific (APAC-region), South Korea continues to maintain its momentum, driven by robust economic growth, rising population, increasing purchasing power and deeper...

Holiday sales at US stores a mixed bag for retailers

For retailers, holiday season is like a make-or-break time. This year, there was buoyancy brought on by factors like the seasonally crisp weather and positive marketing messaging among retailers. Planalytics,...

Russia still a major market for international retailers

Since the past few years, Russia has been facing challenges such as lower oil prices, the dwindling rubble and international sanctions for annexation of Crimea, resulting in real incomes falling...

Dilemma looms over holiday shopping sales

All eyes are turned towards developments in America, post the victory of Donald Trump as the next President of the United States, followed by various protests and question marks on...

Silk still an important fabric for overseas buyers, yet silk look-alikes gain share

Rising price pressure on every stakeholder has impacted business, more so in...

Brazil still finds favour amongst luxury retailers amidst weak economy and political corruption

Despite the worst recession in 30 years, growing political turmoil and Zika fears in the country, Brazil continues to see luxury brands still investing huge amounts of money in the...