"Home and Garden Specialist Retailers in Russia" Published

Retail current value sales growth of home and garden specialist retailers fell from 10% in 2013 to 8% in 2014. Economic slowdown, decrease of investment flow and limited lending opportunities for business in Russia created unfavourable conditions for the channel’s dynamic development.

Competitive Landscape

During 2014, competition among home and garden specialist retailers escalated. While multinational players continued to expand in smaller cities in Russia’s regions, a range of local companies had to leave the market unable to survive price wars from hypermarkets. To resist increasing competition, regional chained retailers had to review their strategies and focus on cost optimisation. Among possible solutions, companies emphasised the development of direct imports, an increase in supply share of Russian manufacturers, optimisation of product range with shift to medium and economy segments, and development of online sales. The channel’s competitive environment remained highly fragmented in 2014. Value share of others reached 75% and volume share of 90% for outlets. The top nine home and garden specialist retailers combined to generate 23% share of total retail value sales, which was marginally higher than in 2013.

Full Report Details at
- http://www.fastmr.com/prod/1032319_home_garden_specialist.aspx?afid=302

Industry Prospects

Home and garden specialist retailers in Russia is expected to increase by a value CAGR of 4% at constant 2014 prices over the forecast period, rising to RUB1.6 trillion in 2019. Growth rates are expected to slowly increase over the forecast period after a drop in 2014. Economic slowdown, decreased disposable income and deceleration in the housing market will determine sluggish development of the channel until 2019. Homewares and furnishing stores will increase by a value CAGR of 3% at constant 2014 prices over the forecast period, rising to RUB500 billion in 2019. A decline in consumer demand and weak economic development will inhibit growth of homewares and furnishing stores.

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Retailing in the Netherlands
- Retailing in Russia
- Retailing in Hungary
- Retailing in Dominican Republic
- Retailing in Mexico