Released on: October 24, 2007, 3:15 am

Press Release Author: Shushmul Maheshwari

Industry: Retail

Press Release Summary: The stable and growing economic conditions of Russia have
worked wonders for its retail industry, particularly non-food retail sector that has
started to expand tremendously and is expected to outshine the food sector in near
future.

Press Release Body: \"Russian Food and Non Food Retail Forecast (2007-2011)”,
the latest report from RNCOS, a leading market research company, is a systematic and
analytical study of the Russian retail industry. The report predicts the Russian
retail industry to climb up at a CAGR of 17% during 2007-2011 and non-food sector
will have a higher share in the combined retail sales than the food sector.

The report says that during the forecasted period, non-food retail sector is
anticipated to grow at a CAGR of 19% and cross US$ 468 Billion by 2011 end. On the
other hand, the percentage share of food retail sector, which is expected to ascend
at a CAGR of 13.7% only during 2007-2011, has been falling year on year since 2001
in overall retail sales.

A senior analyst at RNCOS said that the growth of non-food sector to increasing
disposable incomes, economic stability and growth, rising purchasing power, and
changing buying habits of Russians are directing this morphosis of consumption
trend.

The RNCOS research also marked the areas that will show substantive growth in the
non-food retail sector; these include household cleaning products, cosmetics and
toiletries, computers, furniture, and washing machines. But, as per the report,
clothing segment will have the major share in non-food retail sales in terms of
market value.

In the long run, the retail growth in the country is projected to remain strong but
some factors, including ineffective distribution network, and poor infrastructure
(leading to high logistics costs and inventories) may disturb the trajectory.

\"Russian Food and Non Food Retail Forecast (2007-2011)” is a comprehensive
study on the Russian retail industry. It evaluates the food and non-food segments
with foci on their sub-segments, subsuming baby food, organic food, packaged and
processed food, clothing (menswear, womenwear, and infant wear), footwear,
furniture, computer, and TV, among others.

An account on retail formats prevailing in the retail industry is also covered in
the report. The factors that decide the market’s future, like consumer
behavior, emerging trends, and regulatory environment, are prudently analyzed in the
report to dissect the future scenario of Russian the retail industry.

About RNCOS:
RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.
For more information visit: http://www.rncos.com/Report/IM558.htm
Current Industry News: http://www.rncos.com/blog


Web Site: http://www.rncos.com

Contact Details: RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com