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. |