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Retail market in Central and Eastern Europe, up-to-date news, analyses and market data.
 
 

Clothing and footwear market in Russia keeps growing to exceed $75bn in 2013 - August 2011

The clothing and footwear market in Russia was worth $56bn in 2010, according to PMR estimates, and in the next few years the market is expected to further increase, by 10% on average. The growth is to be mainly driven by the recovering middle-price segment.

Russia remains one of the most attractive retail markets, offering the potential of nearly 143 million inhabitants and an economy expected to develop at least 4% year on year in the medium term. In 2010, retail sales increased in Russia by nearly 13% and reached around $540bn. Moreover, this year the pace of growth is not declining, although in real terms, it is unlikely to exceed 6% (4.4% in 2010).

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The report is a compilation of the newest research data on trends, value and expansion with regard to this large and complex marketplace. Its 4th edition features analysis of major market segments and distribution channels (including those projected to experience the most growth), and is enhanced by forecasts that address possibilities for profit together with opportunities for market entry and expansion in Russian clothing, footwear and accessory retail.
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