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The interest of international brands in the Russian market is declining
07.04.2015 6259

The interest of international brands in the Russian market is declining

The interest of international operators in retail real estate in the first quarter of 2015 was noticeably reduced - only three retailers opened their first stores in Russia, according to a study by Colliers International, an international consulting company.

All facilities were launched in regional cities, while at the beginning of 2014, more than 10 new operators entered the Russian market. In general, according to consultants, over 2014, about 70 new operators opened the first stores in the capital and cities such as Sochi, Kazan, Barnaul.

“So far, only nine international brands have announced their expansion plans for 2015. The current level of exit of “foreigners” may become the lowest in the last three years, ”the study says.

Experts do not exclude that, given the current economic situation and the ongoing process of business optimization, some operators may adjust their plans. The process of leaving existing brands will also continue.

At the same time, experts emphasize that the Russian retail real estate market remains promising for launching new business projects, for example, in most contracts between tenants and lessors, the exchange rate was fixed at 40-45 rubles for 1 dollars.

The interest of international operators in retail real estate in the first quarter of 2015 was noticeably reduced - only three retailers opened their first stores in Russia, the study said ...
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