As per Moody’s international rating agency, consumer price index growth in Russia and slow increase of the real income of the population may restrain sales growth of Russian retailers in the nearest future. Like it was during the recession of 2009 retailers with larger share of discounters in their retail chains will demonstrate more stable results than retailers operating in other formats.
Moody’s is also expecting the investment volumes of international companies in Russia to remain low due to the poor investment climate in the country. Despite the fact that such large retail companies as Auchan, Suomen Osuuskauppojen Keskuskunta and Metro AG are represented on the Russian market, others (like Carrefour SA) have left the country.
Source: www.retail.ru