It's a clever move because it will allow it to test the water. There's scope to succeed because it won't be going head to head with Wal-Mart, but operating a complementary business where you can do a top-up shop and buy everyday essentials there and then do your full monthly shop at Wal-Mart.
Russia is a sleeping giant in retail terms. Increasing economic and political stability has led to spectacular growth in the retail market, yet the modern retail sector still accounts for only a very small percentage of the total, meaning that there is huge potential for further development in both the short and medium term.
The doom-mongers of a couple of months ago have been proved wrong. Despite all the bad news, consumer confidence doesn't seem to be hit. People are still out there spending.
These figures must mean that profit expectations are going to go up for this year. It has really gained a huge amount of market share. This is real sales growth.
They'll have to come up with something after deliberating for two years, but it's unlikely to be much.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.
This website focuses on proverbs in the Swedish, Danish and Norwegian languages, and some parts including the links below have not been translated to English. They are mainly FAQs, various information and webpages for improving the collection.