Russia'S Footwear Retail Market Is Gradually Reviving.

2010/8/23 10:06:00 38

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according to

Russia

According to the statistics of the Federal Bureau of national statistics, the retail sales of leather shoes in Russia increased by only 2.3% in 2009 at current prices.

If inflation is taken into consideration, the market will shrink by 10-11%.

According to Russia in 2010

footwear

In the first half of 2010, the retail sales of footwear in Russia increased by 7.2% over the same period last year, but its growth rate is far below the level before the crisis.

After the crisis, the market is gradually recovering, but it will not soon return to its previous level.

2009 has become a real test for most footwear retail dealers: maintaining business has become the main task of many businesses.

Because of the decline in residents' income, and thus changing consumer behavior, footwear sales

Retail outlets

The speed of development has been greatly reduced, while intensive development is more rapid than extensive development.

The expansion of purchases in the pre crisis era has been replaced by a decline in consumer demand in 2009 and a decline in shoe purchases.

Only the big brands and big businesses that have correctly chosen the development strategy can maintain or even strengthen their position under the new market conditions.

For many Russian footwear retailers, this crisis is an opportunity to generate new ideas.

The Russian footwear retail market has been slightly pformed during the crisis, and some weaker and less profitable businesses have withdrawn from the market.

In the future, this trend is expected to be strengthened, and the Russian footwear retail market will be integrated with the western development model.