In 2010 food retail chains started to recover from the economic recession. The revenues grew faster than in 2009, which is partly due to the low base effect. According to RBC.research, food retail chains, selling FMCG, accounted for 27.2% of the total retail turnover and added 0.7 perecentage points in comparison to 2009. Federal and international retail chains were developing quite successfully and increased the number of new stores by 20-30%.
Though the development of food retail chains in 2010 could be more dynamic, as it was put on the brakes by slow construction of commercial real estate and the shortage of suitable retail premises. Lots of new stores were opened behind schedule.
Source: www.retail.ru