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Financial crisis


The financial crisis, that has spread across all global markets, does not remain without an impact on Russia. PMR articles, news and market analyses, will be applicable to help you not only survive the crisis but become stronger when the global economy recovers.


Erkafarm acquires regional chain

Erkafarm, the operator of Doktor Stoletov pharmacies, has acquired the Vita Bay+ chain, the market leader in Taganrog (Rostov Province) in terms of number of pharmacies and turnover. The value of the deal has not been ... more »
2010-01-25
 

Street retail premises in demand again in Moscow

Only recently many owners of street retail premises in Moscow attempted to dispose of such assets with a 50% discount on the pre-crisis price, but most sale offers have now disappeared. Owners now prefer to rent the premises ... more »
2009-11-16
 

YAX! to leave Russia

The clothing chain YAX! is to close all of its outlets in the country, according to the portal Newsib.ru. Two stores – located in Novosibirsk’s Mega and Moskva shopping centres – were recently ... more »
2009-08-25
 

Adidas closes stores in Ukraine

The Adidas Group plans to close up to 11 unprofitable stores in Ukraine by the end of 2009. In addition, the company has decided to decrease its autumn-winter orders by 40% as its ability to sell the same volume of sports ... more »
2009-08-21
 

Stockmann sales down 22%

During the period January-June 2009, sales generated by the Finnish retailer Stockmann Group in Russia fell by 22% year on year and amounted to €96.1m. Revenue also fell by 22% and comprised €82.1m – ... more »
2009-08-11
 

Galeria opening pushed back to 2010

Galeria, one of the largest retail and entertainment centres in St. Petersburg, will now open in October 2010, one year later than originally planned, according to Interfax. The five-storey complex will comprise ... more »
2009-08-05
 

Kopeyka sells property assets

The Russian grocery retailer Kopeyka has put 49 of its unprofitable properties (warehouses, depositories, store premises) in Moscow and Nizhny Novgorod up for sale. It is estimated that the sale of these assets could ... more »
2009-07-13
 

Make up Store franchisee files for bankruptcy

On 19 June 2009 the Moscow Arbitrary Court registered a claim from the Federal Tax Service pertaining to the bankruptcy of Grand Kosmetik, the Russian franchise partner of the Swedish cosmetics chain Make up Store, ... more »
2009-06-26
 

Suppliers sue Paterson

Suppliers of the Paterson supermarket chain took its operator Omega-97 to the Arbitrary Court of Moscow in March 2009, and demanded that outstanding debts be repaid. Sixteen lawsuits from suppliers, worth a total ... more »
2009-05-15
 

Sadia leaving Russia

Sadia, the Brazilian producer of frozen and chilled foods, plans to sell its production plant in Kaliningrad in order to improve its financial situation, wrote Rbc Daily. Miratorg, the Russian partner of Sadia ... more »
2009-03-25
 

Betalink goes bankrupt

The mobile phone retailer Betalink has filed for bankruptcy. Debts, estimated at $190m, together with a broken agreement with MTS and a drop in consumer demand during the recession, have resulted in ... more »
2009-03-25
 

Carrefour confirms 2009 Russia entry

Despite the financial crisis, Carrefour intends to enter the Russian market in 2009, reported Interfax. The company has confirmed plans to open at least one hypermarket in the country. The first unit, with a ... more »
2009-03-25
 

Russian consumers spending mirrors that of 98-99

Russian consumers are spending most of their income on staple foodstuffs. According to the Romir research agency, in January 2009 purchases of groceries and staple goods accounted for 76% of real disposable income, ... more »
2009-03-10
 
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2009-05-19
 
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2009-03-25
 
2009-03-25
 
2009-03-25
 
2009-03-10
 

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Retail Russia Online

The online news service is an essential guide on the Russian and Ukrainian retail market.
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Retail Update Russia

The newsletter presents up-to-date news on the Russian and Ukrainian retail market, as well as current trends and consumer behaviour.
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Central Europe Retail Update

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Central Europe Retail Online

Online access to news and analyses covering retail and FMCG market in Central Europe: Romania, Czech Republic, Hungary, Poland and Slovakia.
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PMR is a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). Being present on the market since 1995, employing highly skilled staff, offering high international standards in projects and publications, providing one of most frequently visited and top-ranked websites, PMR is one of the largest companies of its type in the region.