"Russia Retail Report Q1 2016" now available at Fast Market Research

From: Fast Market Research, Inc.
Published: Sun Nov 08 2015

The Ukraine crisis and resulting sanctions sent the Russian economy into recession. The rouble's deprecation, high inflation and stalling inve stment will continue into the final quarter of this year and, very likely, next year as well. Political situation is unlikely to change and with current sanctions in place , retailers in Russia will face tough headwinds.

Instead of a widely anticipated recovery, Russia's economy fell into the deepest recession since 1998. The local currency stopped falling against the US dollar and the euro and oil prices stabilised at the lowest level since 2009. There are few indicators which could suggest that either one will start increasing again before mid-2016. The Russian middle class was and will be hit the hardest: in USD terms, net income per household decreased by 11.6% and is forecast to plunge even further by 26.6%. Retailers began adjusting shelf prices to rouble's value in the international market, making imported products significantly less affordable for the Russian middle class. A large share of groceries and non-food product consumption is buoyed by households exchanging and using their foreign currency reserves (keeping some US dollar savings has been widespread among Russian households since the breakup of the Soviet Union), however, they are dissipating at an alarming rate.

Full Report Details at
- http://www.fastmr.com/prod/1070815_russia_retail_report_q1_2016.aspx?afid=301

The Russia Retail Report has been researched at source and features BMI Research's independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.

BMI's Russia Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.

Key Benefits

* Benchmark BMI's independent retail industry forecasts for Russia to test other views - a key input for successful budgeting and strategic business planning in the Russian retail market.
* Target business opportunities and risks in Russia through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.


BMI Industry View

Summary of BMI’s key forecasts and industry analysis, plus a discussion of major industry developments and a snapshot of key short-term demand-driving macroeconomic movements.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the retail sector and within the broader political, economic and business environment.

BMI Industry Forecasts

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email: press@fastmr.com
Contact Phone: 1-413-485-7001

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