Clothing and footwear market in Russia keeps growing to exceed $75bn in 2013 - August 2011

The clothing and footwear market in Russia was worth $56bn in 2010, according to PMR estimates, and in the next few years the market is expected to further increase, by 10% on average. The growth is to be mainly driven by the recovering middle-price segment.

Russia remains one of the most attractive retail markets, offering the potential of nearly 143 million inhabitants and an economy expected to develop at least 4% year on year in the medium term. In 2010, retail sales increased in Russia by nearly 13% and reached around $540bn. Moreover, this year the pace of growth is not declining, although in real terms, it is unlikely to exceed 6% (4.4% in 2010).