Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Large Foreign Companies Showed the Worst Results in Entering and Leaving the Russian Market in 2018
8.02.2019 12:05
Large Foreign Companies Showed the Worst Results in Entering and Leaving the Russian Market in 2018

In 2018, large foreign companies showed the worst results in entering and leaving the Russian market, Kommersant reports, citing a Knight Frank survey.  Thus, 12 large foreign networks left Russia in 2018 (eight in 2017), and 24 new brands entered the market (37 a year earlier).

      The activities of foreign brands in Russia are influenced by the fall in real incomes of Russians, as well as the active development of commerce on the Internet and changes in consumer demand, which is associated with a change of generations. “Not all brands managed to adapt to the new conditions and propose a new format of interaction with customers at the global level ... Therefore, even such giants as Sears, Payless, BCBG are going bankrupt,” as the director of the department of commercial premises of CBRE Marina Malakhatko notes.

      Top Russian Fashion Designers - Buy Online

      “Low activity in the investment market, a decline in the interest of Western brands to Russia - all this stimulates the domestic market, gives impetus to the development of new concepts,”  Evgenia Hakberdieva, director of the retail real estate department at Knight Frank comments. Now, the format of pop-up-spaces is becoming more and more popular - small platforms in shopping centers that are allocated for temporary trade, for example, to present a new collection or collaboration.


Author: Anna Dorozhkina

Tags: Russian business Russian trade Russian companies   

Next Previous

You might also find interesting:

The FIFA World Cup in Russia has Led to a Sharp Increase in Sales in Various Fields of Businesses
Credit Bank of Moscow (CBM) has Launched Apple Pay for its Customers
Pavel Durov Plans to Liquidate Telegram Messenger LLP
The Tax Rate on the Property of Companies will Grow in Moscow
Amendments to the Law On Currency Regulation and Currency Control have been Drafted

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Russian International  Russian science  Paleontological Finds  Russian politicians  Gorky Park  Sea Eye  Russian people  Russian business  Puppet Theatre  Buryatiya  St. Petersburg  Russian models  Murmansk Region  Festivals in Moscow  ROSCOSMOS  Sammo Hung  Russian Literature  Russia-EU  Exhibition Fairs  Monuments of St. Petersburg  Eurovision  Archaeological Finds  Kemerovo Region  Russian Cinema  Mercedes-Benz Fashion Week Russia  Regional Cuisines  Grace Kelly  Exhibitions in Moscow  Nenets Autonomous Okrug  Russian naval forces  Bolotnaya case  St. Petersburg events  Ministry of Education and Science   Ivan Puni  Heroism   Kamchatka  Archeology  Eduard Uspensky  Gerontology  Cultural Events  Russian tourism  Chelyabinsk meteorite  human rights  Moscow  Tyumen  Bolshoi  travel to Russia  Russian musicians  Russian Composers 

Travel Blogs
Top Traveling Sites