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  • Russian luxury goods market shrinks by 18%
Russia Retail

Russian luxury goods market shrinks by 18%

15/10/2014

The Russian luxury goods market will have shrunk by 18% in the space of a year by the end of 2014, according to analysts at Bain & Co. They are attributing the dramatic decline to a combination of the continued devaluation of the rouble, a general deterioration in the economy and a loss of consumer confidence. Lenta 

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Topics: consumer trends

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