Recently Released Market Study: Footwear in Russia
In 2012, footwear registered 7% growth in volume and 13% growth in current value terms to reach RUB601 billion. The category was driven by rapid expansion of modern apparel specialist retailers, such as Centrobuv throughout the country. As a result, consumers had plenty of opportunity to buy economy products of higher quality in a normal retailing environment unlike open markets. Open markets still play an important role in Russia because of weak modern retailing penetration in the smaller and...
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