Ingka Group, the Dutch holding company that controls the majority of IKEA’s worldwide store network, is…
Topic: consumer trends
Trends in consumer behaviour and buying patterns in Russia, Kazakhstan, Azerbaijan and Central Asia
Alibaba fails to sparkle on Singles Day
Alibaba Singles Day fell far short of its $100bn estimated prize purse as the effects of…
US Retail Sales and the Revenge Shoppers
Yesterday, the US Commerce Department reported that US retail sales in September had significantly exceed expectations…
Euroshop plans 2,000 fixed-price stores across Russia
Germany’s Euroshop is to launch a chain of fixed-price retail outlets across Russia as the country’s…
China set to leap up wine buying table
China is set to become the world’s second biggest wine market by 2020 when sales of…
Thousands apply for Iranian credit cards as consumer boom heats up
Iranian credit cards: More than 12.000 Iranians rushed to apply for credit cards yesterday as its…
Turkey consumption rockets while overall Russian meat sales dive
Russians are turning to turkey as a cheap alternative to other forms of meat, with year-on-year…
Chinese online retail customers set to double by 2020
Chinese online retail sales are expected to hit $1.6 trn by 2020, with the penetration rate doubling…
Middle class China bigger than US – Credit Suisse
Middle class China is bigger than the US equivalent, according to the latest edition of the Credit Suisse Global…
Russian incomes set to stay below 2014 levels until 2018
Russian incomes: The average Russian will continue to be worse off than than they were in 2014…
H&M to open Russian online store as sales jump
Swedish clothing brand H&M is to launch an online store in Russia this fall to capitalise on rising sales, it…
Moscow house sales plunge 38% as prices stay high
Moscow house sales fell by 38% year-on-year between June and August as the country’s recession continues…
30m Russians interested in Far East land handout , claim pollsters
Around 30 million (mainly young ) Russians, would move thousands of miles to take advantage of the governments’s Far…
Moscow beer prices top rankings despite rouble’s decline
Buying a beer in a bar or supermarket in Moscow is still more expensive than anywhere…
Russian beer prices hit 17 year high
Russian beer prices are at a 17-year high as the market is squeezed by government regulation and falling consumption, according…
Adidas to close 200 Russian stores as economic crisis bites
German sportswear manufacturer Adidas yesterday announced that it would be closing 200 of its 1,000 Russian stores on…
Moscow retail expansion plans fall victim to recession
Moscow retail expansion plans: Plans to build 900,000 m² of new mall space in Moscow this year are rapidly receding as Russia’s growing…
Canned vegetable producers reap benefits from Russian import ban
Canned vegetable producers are emerging as one of the winners from the ban on EU food…
Google beating Yandex as Android secures 70% of mobile market
Google beating Yandex: Russia’s online population increasingly prefers using Google to Russia’s indigenous search engine Yandex, according…
Russian vodka production hits record low as black market booms
Russian vodka production declined by over 22% last year – its fastest rate since modern records…
Russian consumer electronic boom likely to be followed by crash
Russian consumer electronic boom: Sales of electronics and home appliances in Russia hit a historic high of…
Azerbaijan ecommerce activity jumps by 240%
Azerbaijan ecommerce: The total volume of online retail sales conducted in Azerbaijan in the first eleven months of…
Russian internet market forecast to increase 30% by 2020
Russian internet market: The consulting and research company Frost & Sullivan is predicting that the number…