Leading retailers continue to consolidate the Russian market

Date : 07 May 2019

Amin Alkhatib

Senior Retail Analyst

The three leading Russian retailers X5, Magnit and Lenta reported above market sales growth for the first quarter of 2019. Russia’s Ministry of Economic Development lowered its forecast growth of total national retail sales for 2019 from 1.7% to 1.6%. This is significant drop from the 2.8% growth…
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