Executive Summary

Jan 2017
TRENDS

Mixed retailers continued to be a marginal channel in retailing in Russia in 2016. The channel accounted for only a 1% share of overall value sales in store-based retailing in this year. Mixed retailers consists only of department stores and variety stores, whilst the two remaining channels, mass merchandisers and warehouse clubs, were not present in Russia at the end of review period.

COMPETITIVE LANDSCAPE

Best Price, operating the chain of variety stores Fix Price, strengthened its leading position in mixed retailers in 2016. It also saw the best performance, experiencing the highest growth in value share within mixed retailers in Russia. The value share of the company increased from 49% in 2015 to 53% in 2016, whilst its share of the number of outlets decreased from 87% in 2015 to 83% in 2016. Best Price was the first company to appear in variety stores in Russia, and is still the only significant player in the channel. However, the success of the company attracted many other investors to the channel, even though they were not able to offer strong competition to the leader.

PROSPECTS

Despite the Russian economy experiencing the first signs of recovery, the process is expected to be very slow and long term. The consequences of the economic crisis will continue to affect both consumers and players over the whole forecast period. Being extremely price-sensitive, Russians are expected to continue looking for the best choices and high discounts, switching to the low price segment and reducing the number of additional product purchases. This, on the one hand will increase the sales of variety stores, which are primarily operated by fixed price chains of stores, which offer wide ranges of products at low prices. However, department stores will face significant challenges, and are more likely to improve their business models in line with the current market environment, making their products more affordable and attractive. In this way, they might develop various strategies targeting international tourists, who enjoy combining travelling with shopping. This, however, is a long term trend, which will be decisive over the whole forecast period.

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Mixed Retailers in Russia

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Overview

Discover the latest market trends and uncover sources of future market growth for the Mixed Retailers industry in Russia with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Mixed Retailers industry in Russia, our research will save you time and money while empowering you to make informed, profitable decisions.

The Mixed Retailers in Russia market research report includes:

  • Analysis of key supply-side and demand trends
  • Detailed market shares for international and locally-based retailers
  • Historic number of stores, selling space and values, company and brand market shares
  • Five year forecasts of market trends and market growth  
  • Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

  • How big is the Mixed Retailers channel in Russia?
  • Who are the leading retailers in Russia?
  • How are mixed retailers competing against the growth of grocery retailers?
  • Are consumers switching towards value retailers or moving upmarket?

Why buy this report?

  • Gain competitive intelligence about market leaders
  • Track key industry trends, opportunities and threats
  • Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our Retailing market research database.

Mixed Retailers in Russia - Company Profiles