Released on: November 20, 2007, 2:52 am

Press Release Author: Shushmul Maheshwari

Industry: Marketing

Press Release Summary: The stable and growing economic conditions of Russia have led
to tremendous expansion of its food retail industry that is projected to move ahead
at a CAGR of 14% during 2007-2011.

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 that the
Russian retail food industry would climb up at a CAGR of 14% during 2007-2011.

According to the report, Russia stands at second spot among the most attractive
retail markets of the world. The food retail industry has shown visible sign of
growth largely driven by the rising disposable income and unsaturated consumer
market, besides the thrust by hypermarkets and large-scale supermarkets, mainly in
cities like Moscow and St. Petersburg.

The growth is further boosted by few leading foreign retailers like Auchan and
Metro, and also considerably by the domestic players who are experiencing rapid
growth while becoming extremely proficient, despite increased penetration by foreign
competitors. The report notifies the X5 Retail Group as the market leader in Russia.
Though it has a small share, but the company is expanding rapidly witnessing solid
growth in the country.

Although various companies are exploring the market, only a small number of
international food retailers have their presence in Russia. The world\'s second
largest grocery retailer, Carrefour (France), has also shown interest to enter the
Russian market by the end of 2007, with focus on markets other than St Petersburg or
Moscow by opening an expected 5-10 stores a year, similar to its Chinese strategy.

The research also highlights the opportunity area lying in the groups of small urban
cities that are largely untouched by big players, despite the phenomenal growth of
Russian food retail market in recent years and hence, have huge growth prospects.

Apart from the growth promoters, “Russian Food and Non Food Retail Forecast
(2007-2011)\" gives a comprehensive and updated overview on the Russian retail
industry by evaluating the different parameters including the emerging trends,
different retail formats and market segment, with past performance and effect of
growth fuelling forces and roadblocks to judge the future course of direction of the
industry.

The key issues addressed in this report include the regulatory environment,
competitive scenario, consumer behavior, opportunities and factors critical to the
success of retail industry in Russia.



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: www.rncos.com/Report/IM558.htm
Current Industry News: http://www.rncos.com/blog


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Contact Details: Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
Fax No. 91-11-4214-1228