In 2010 Russian food retail sector experienced recovery following the rebound of the Russian economy. The increment of growth of retail earnings was more significant than in 2009 due to the low base effect. In 2010 food retail chains accounted for 27.2% of the total food retail turnover in Russia. As per RBC.Research, in USD terms food retail turnover in 2010 grew by 22% y-o-y. In Rub terms the increment of growth was lower due to the strengthening of ruble and made 16%, which is 8 percentage points less than in 2009.
Source: www.retail.ru