All the stars seem to be lining up for yet another banner year for Russian consumer goods companies as well as the real estate sector that specializes in consumer goods. Consumer income was up approximately 11.5% last year with similar growth projected for the coming year. Western retailers are not ignoring this marketplace anymore, for example American women’s apparel retailer Nine West has plans for a new location in Moscow. There is less than a 1% vacancy rate for first class retail space in the Moscow region. Little by little, many middle class shoppers are making the switch from open air markets to traditional western style malls. The Russian Ruble promises to keep and appreciate in value, thereby making most imported consumer goods even more affordable to consumers and profitable to the companies that sell them. The construction industry looks promising as well. Low borrowing rates coupled with low vacancy rates and an exploding market have the industry going full bore.
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2 comments:
But will russian retailers finally start having sales around holiday time?
It's a prime time for sales. Russians spent 50 bln USD during Cristmas time.
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