Nazar Kutereba, Business Editor
Russia can expect a major increase in outlet centre market already in 2019 and at least two-fold growth in the future. Real income and purchasing power of the population has been decreasing in the country since 2013, pushing traditional shopping centres into less favourable positions while outlet centres have demonstrated positive dynamics. What is more, the revenues of the Russian outlet chains already match and exceed the corresponding indicators of European and U.S. branches while the domestic outlet centre market saturation level is about eight times lower than in the West, which implies huge…
Russia expects boom in outlet centres
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