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Russia still promises growth for International Retailers

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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…

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Source: Apparel Online India January, 16-31, 2015
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