Retail 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.
Besides diverse shopping mall and retail entertainment center projects, there is another trend that is slowly but steadily gaining popularity. Russians are being more and more exposed and attracted to online purchasing and it is predicted to grow 27% annually through 2015. Currently, Russia lies at no.13 when it comes to countries’ attractiveness for online retail on Global Retail E-commerce Index.
Noppen will gather retailers, brands, shopping mall developers, investors, e-commerce specialists, designers, marketers, solution providers to its Russia Retail Tech & Development Summit to provide a platform for the experts of the industry to discuss the newest retail developments, the possibilities of online retail and the most updated technologies.