2010 Russian Retail Turnover Grew by 12.6%

Following the results of the financial year 2010 Russian retail turnover grew by 12.6% and exceeded RUB 16,435bn.  In February 2011 the mass of commodities reached 103.3% y-o-y. The balance of food and non-food items in the retail structure is almost equal. By the end of 2010 the share of food items was about 50%. The average annual increase of retail turnover in 2011-2012 may reach 2.9%. In the next three years food sales may grow by 8.7%.

Source: www.foodnewsweek.ru