October 9th & 10th, 2014, Moscow, RussiaRetail spending in Russia continues to develop, with the highest activity noted in Moscow and Saint-Petersburg. Gradually, other major cities are also joining this league. Russian consumers are increasing their sophistication, inspiring the luxury and beauty retailers to grow in that market. Apparel and consumer electronics as well as the super & hypermarket sector is also looking at greater expansion opportunities. This made Russia rank 23rd on the Global Retail Development Index in 2013.