Next year will be much more difficult for Russian retail than the current year. Vadim Novikov, a member of the expert council under the government of the Russian Federation, voiced this forecast within the framework of the multimedia business forum "Retail 2013: Growth Points".
In his opinion, difficulties will be caused by the macroeconomic situation. “There are two factors that explain these difficulties. The first difficulty: one of the significant drivers of income of the population - indexation in the public sector - is being turned off. This year, income in the public sector has grown much faster than in the private sector. Next year there will be no such gap. And the second reason is the slowdown in lending growth, "Novikov said.
In turn, Mikhail Burmistrov, General Director of INFOLINE-Analytics, noted that the main challenge in the retail sector in the Russian Federation is the slowdown in retail trade growth. According to him, this is due, among other things, to the fact that "the consumer is heavily credited" and is not sure about the future.
"The largest chains are still growing significantly faster than the retail trade turnover in general," Burmistrov stressed. According to him, in 2012 the total volume of retail space in the Russian Federation amounted to more than 17,5 million square meters. m. By the end of 2013, this indicator is expected to grow to 22 million square meters. m.