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…

Taobao named China’s most valuable brand as tech sector bucks economy

Taobao, the online shopping platform owned by Alibaba Group, has been named China’s most valuable brand for…

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…

Russian online expenditure on foreign websites set to double

Russian online expenditure: Russian consumers look set to spend up to RUB 240bn ($5.1bn) on foreign commerce websites…

Foreign currency sales soar as rouble dives

Foreign currency sales: As the rouble continues to weaken, Russian demand for dollars and euros have risen…