FACTBOX-Key facts about Russia's retail sector

Tue Sep 15, 2009 6:42pm BST
[-] Text [+]
 (Updates Carrefour, adds Kesko)
 Sept 15 (Reuters) - Global retailers, faced with sluggish
growth at home, are keen to expand in emerging markets such as
Russia, which still offers high growth potential despite the
downturn.
 For related stories see [ID:nL2543362] [ID:nLG749028]
 The following are some facts and figures about Russia's
retail sector:
 
 MARKET OVERVIEW
 TURNOVER: 14 trillion roubles ($455.7 billion) in 2008, up
27.5 year-on-year on the back of high oil prices and strong
economic growth in an under-served market
 FOOD RETAIL: accounted for 45.3 percent of the total sales
 CRISIS: In July, retail sales fell by 8.2 percent
year-on-year
 OUTLOOK: VTB Capital sees retail sales growth slowing to 4.5
percent this year due to worsening macroeconomic conditions.
Food retail sales are forecast to rise 12.9 percent after a 28.4
percent increase in 2008, while non-food turnover may fall 2.4
percent against 26.8 percent growth last year
 
 KEY RUSSIAN PLAYERS
 X5 RETAIL GROUP (PJPq.L: Quote, Profile, Research)
 Russia's biggest grocer by revenue and part of billionaire
Mikhail Fridman's empire Alfa Group. Sales $9 billion in 2008
 MAGNIT (MGNTq.L: Quote, Profile, Research) (MGNT.MM: Quote, Profile, Research)
 Fast expanding network of hypermarkets and hole-in-the-wall
discount groceries. 2008 sales $5 billion
 DIXY GROUP DIXY.MM <DIXY.RTS
 Discount chain controlled by businessman Igor Kesayev
through his Mercury holding company. Sales in 2008 $1.5 billion
 SEVENTH CONTINENT (SCON.MM: Quote, Profile, Research)
 Upscale Moscow chain, a potential acquisition target by
virtue of a 75 percent stake pledged by owner Alexander
Zanadvorov with Deutsche Bank. Sales $1.4 billion
 M.VIDEO (MVID.MM: Quote, Profile, Research)
 White goods retailer. Sales in 2008 $2.7 billion
 KOPEIKA
 Discounter. 2008 sales $2 billion
 LENTA
 St Petersburg hypermarket chain. 2008 sales $2 billion
 
 GLOBAL RETAILERS
 WAL-MART (WMT.N: Quote, Profile, Research)
 Has a Moscow office and joined a Russian retail lobby group
after hiring an executive to explore opportunities in Russia and
neighbouring markets. It has been linked to multiple potential
conquests but none of them have so far materialised
 METRO AG (MEOG.DE: Quote, Profile, Research)
 Operates Metro Cash & Carry, Real hypermarkets and Media
Markt. Pioneered Russian retail, opened its first Moscow store
in 2001. It now has more than 70 stores in Russia
 AUCHAN [AUCH.UL]
 Opened its first Moscow store in 2002 and currently operates
more than 30 hypermarkets. It has expanded widely in the
provinces and plans to have opened another six stores this year
 CARREFOUR (CARR.PA: Quote, Profile, Research)
 The world's No.2 retailer after Wal-Mart, has this year
opened two Russian stores and will open one more at the end of
2009 while looking at acquisitions. [ID:nLA726295] Failed to
strike a deal for distressed Seventh Continent (SCON.MM: Quote, Profile, Research)
 KESKO (KESBV.HE: Quote, Profile, Research)
 Finnish retailer plans to invest "significant funds" to
introduce its food operation to Russia and is considering
acquisitions in the country where it already has 10 K-Rauta
building materials hypermarkets. [ID:nLA260547]
 IKEA
 Sweden's IKEA, the world's biggest furniture retailer, has
opened 12 stores in Russia since 2000, but will not make any new
investments in the country until the tangle of red tape that has
kept its finished store shut for nearly two years is unravelled
[ID:nLG642261]
 H&M (HMb.ST: Quote, Profile, Research)
 Swedish fashion giant Hennes & Mauritz (H&M) opened two
Moscow stores in March and will open at least one more in Moscow
and one in St Petersburg in 2010 [ID:nLC945940]
 STOCKMANN (STCBV.HE: Quote, Profile, Research)
 Forced to close its flagship Moscow store after the landlord
cut off the electricity supply, but still has aggressive
expansion plans in Russia [ID:nLU198906]
 COLLECTIVE BRANDS INC (PSS.N: Quote, Profile, Research)
 To open Payless ShoeSource in 2010 with local franchise
partner M.H. Alshaya. It plans to open at least 90 stores in
about five years [ID:nBNG411773]
 HAMLEYS
 The British toy retailer seeks new partners in Russia after
talks failed with local retailer F.D. Lab Group, which wanted
Hamleys to lower royalty fees [ID:nLD505730]
 HARVEY NICHOLS
 The luxury department store failed to identify a suitable
location for a Moscow department store because of high real
estate prices [ID:nL6989766]
 (Compiled by Maria Kiselyova)


 
 
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