FACTBOX-Key facts about Russia's retail sector
(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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