market research on rusian retail sector News

Retail industry in Russia has been growing at an exponential pace and the market will likely reach US$744.92 Billion by 2011.

Growing affluent class in Russia is filliping retail sales in the country. Russian food retail sales spurred by over 25% last year and other retail segments are also poised to grow in future.

Russian retail market is growing steadily and strongly and will continue to do so in the years to come as well. The retail market in Russia is expected to hit US$ 744.92 Billion mark by the year 2011.

The initial two months of this year have seen a 12.7% year-on-year increase in Russian household real disposable income, at the same time there was a 17.5% increase seen in real average monthly wages.