The 2005 Global Retail Development Index Destination: Russia

Russian retail is booming. And it’s not just the food sector. Russians are earning more money and becoming more price conscious, which shows in their shopping preferences. Modern retail chains are slowly taking share from the ubiquitous open-air markets. The most successful chains saw a 70 to 80 percent increase in revenues last year. And now that they’ve filled the cities, retailers are expanding into the countryside. The possibilities seem endless.