December 19 was held a session of the Working group (created earlier at the meeting of the Retail Companies Association Presidium and leading industry associations of food market) with the participation of representatives of trade networks and suppliers and producers organizations (National Meat Association, SOYUZMOLOKO, National Association of meat processors, Russian Union of baking industry, Fish Union, RusBrand, RusProdSoyuz, SPAP, Simple Company” and others.)
During the session were discussed the topical issues of the industry in the current economic conditions. Memorandum, which foresees the reduction of new prices consideration terms on all product categories by the trade networks and forwarding the response to the supplier within 14 days for the period from 22.12.2014 to 31.03.2015, was signed following the discussion.
These changes are necessary due to high volatility and difficult predictability of the ruble foreign exchange value dynamics.
I.Yakubson, Chairman of the ACORT Presidium comments:
“Retailers and producers are able to come to agreement and to demonstrate unanimity in a difficult economic situation for the second time in a short period.
Trade companies responded to the producers call to react to the challenges which circumstances put before them more flexibly without changing the retail’s mission in protection of the consumers interests, including low prices retention”.
The full text of memorandum can be downloaded here Memorandum
For the information:
The Retail Companies Association was established in 2001 upon the initiative of the market participants and in the interests of creating the necessary conditions for the formation and development of the civilized Russian retail market.
As an instrument of its members collective interests’ protection the Association allows to conduct a dialogue with state bodies, public associations, unions and associations with a maximum possible effectiveness.
Currently, the Association unites 37 largest retailers of Russia: Adamas, Azbuka Vkusa, Atack, Auchan, BILLA, Bosco di Ciliegi, Vester, Wikimart, GIPERGLOBUS, Globus Gourmet, Dixy, SELGROS, Euroset, Enter Svyaznoy, Lenta, Leroy Merlin, MAGAZIN 01, Magnet, Maria-RA, M.Video, Metro Cash & Carry, Media Markt, Obi, Obuv Rossii, O’key, Prisma, Republic, Spar, Sportmaster, Snow Queen, Tehnosila, Finn Flare, X5 Retail Group (Pyaterochka, Perekrestok, Karusel), Holiday Classic, Eldorado, Utkonos, Yuterra.