Author Archives: CrispConsulting

As Economy Recovers Premium-Class Retail Chains Open New Stores

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Premium-class food store chain “Globus Gourmet” is planning to open four new stores in Moscow and St. Petersburg after having frozen the expansion program during the crisis. At the moment the chain operates seven stores: one in St. Petersburg and the rest – in Moscow. Investment in the new openings may reach RUR 600m. The retailer’s recovery is due to the significant increase of the average basket and customer traffic (2010 they grew by 10%). Other premium-class chains have also noticed this trend: “Azbuka Vkusa” and “Sedmoy Kontinent” are also opening new stores.

Source: www.foodnewsweek.ru

Russia is the Main Exporter of European Fruit and Vegetables

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Russia remains the largest export market for European fresh fruit. Its share in the total export volume is 40.13%. Russia is followed by Ukraine (10.45%), Switzerland (9.29%) and Norway (5.75%). Russia is also the most significant export destination for European vegetables with its share of 34.11%, followed by Switzerland (10.52%), Senegal (8.21%) and Norway (5.99%)

Source: www.fruitnews.ru

JFC Group Has the New President

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25 April 2011 Andrey Afanasyev becomes the new president of JFC Group. A.S. Afanasyev hold the position of vice-president for more than ten years, he was responsible for expansion and marketing and contributed substantially to the successful development of the company. Andrey Afanasyev created new production facilities in Ecuador and Costa-Rica, organized distribution chain in Russia.

The Board of Directors has already set the new ambitious goals for the next few years. The company is supposed to enter the new perspective markets, broaden its sales network in Russia and increase production by expanding to the new countries.

Source: www.fruitnews.ru

Customs Services to be Relocated to the State Borders

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The Federal Customs Service is planning to relocate the customs clearance procedures to the near-border regions. After 1 November 2011 the customs stations of the Moscow Region, St. Petersburg and the Leningrad Region will only be available for customs clearance of a very limited number of items. The market players believe that the new measures will cause a price growth of the customs services and temporary traffic jams on the borders.

Source: www.retail.ru

Inflation in Russia Eats Away the Incomes

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The Russians tend to spend their savings and take loans more actively. Deposit accounts don’t protect savings from the inflation, which is higher than the average interest rate, whereas loans become more lucrative. The real wages in Russia have been falling during the last three months with retail turnover gradually growing. As Rosstat (Russia’s State Statistics Office) reports, in Q1 the food items turnover grew 1.2% and non-food items turnover – 8.3%. The real income has lost 2.9% in Q1 and 3.4% in March. Inflation growth has accelerated and reached 9.5% (versus 7.2% three months ago).

Source: www.retail.ru

Russian Retail Market: Turnover Increasing

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March 2011 Russian retail turnover grew by 4.8% y-o-y and reached RUB 1.458bn. Food items, drinks and tobacco sales turnover was RUB 713.4bn, which is 1% more than a year ago. Q1 2011 food items retail turnover grew by 1.2% to RUB 2.04bn, non-food items turnover made RUB 2.1bn, 8.3% more than 2010. March 2011 food items retail turnover accounted for 48.9% of the total retail turnover, the share of the non-food items was 51.1%.

Source: www.retail.ru

Russian Retail Market: Turnover Increasing

Fruit and Vegetable Prices Still Falling in Russia

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Prices for fruit and vegetable in Russia fell further last week. The decrease was less dramatic than a week earlier and averaged only 0.7%. In the first week of April fruit and vegetables prices fell by 10.4% at once. This was the record-breaking weekly decrease rate in 2011. Russian market also experienced a slight decrease of garden strawberry prices last week that led to higher demand for these berries from large cities. Analysts of Fruit-Inform Project predict garden strawberry prices to keep their decreasing trend in future. At the same time, demand for this produce will be growing. Principal consumption season of these berries comes in the second half of June, when the market is entered by large quantities of domestic produce.

Source: www.freshplaza.com

“Azbuka Vkusa”: Not Only for the Moscovites

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The premium class supermarket chain “Azbuka Vkusa” is planning to launch more than 7 new stores in Moscow and Moscow region. The retailer is also considering expansion opportunities in St. Petersburg, Yekaterinburg and Kiev.

Since 2008 the company has almost doubled the number of stores: it has increased from 24 to 40, which is quite a good growth rate for the “premium” segment.

Since the beginning of the year the chain has already opened 3 new stores, and operates the total number of 40 outlets. Opening of one store requires a USD 3m investment and USD 4m including the whole range of goods.

Source: www.retailer.ru

Russian Retail Market: in 5-7 Years 90% of the Market will Belong to 4-5 Major Players

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The consolidation process, which has already started in the Russian retail market, will be over in 5-7 years. The experts predict that 4-5 largest retail market players will occupy up to 90% of the market. At the moment all retail chains hold a 30% market share, less than 15% belongs to 5 major players. In 5-7 years retail will occupy about 80-90% of the whole market. The rest 10-20% will belong to collective farm markets and super-specialty shops (cheese or butcher’s shops), which will offer goods which can’t be found in a supermarket.

Source: www.foodretail.ru

Imports from the non-CIS Countries Reached USD 50.4bn

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During January-March 2011 imports from the far abroad countries reached USD 50.4 bn and grew by 45.6% y-o-y. March 2011 the value of imports from the non-CIS countries reached USD 21.6bn and grew by 26.6% in comparison with February 2011.

Source: pda.tks.ru

The Federal Customs Service reports the 45.6% growth of the imports from the non-CIS countries y-o-y. During January-March 2011 imports from the far abroad reached USD 50.4 bn. March 2011 the value of imports from the far abroad countries reached USD 21.6bn and grew by 26.6% in comparison with February 2011.

Imports from the non–CIS Countries Reached USD 50.4bn