Page 31 - RusRPTNov21

will put this down to their ability to quickly interpret and adapt to changing demands. X5, for example, has put particular emphasis on the success of its digital business, which grew by 157% year-on-year in 3Q21. Ozon, meanwhile, has touted the rapid expansion of its Express service, with the opening of its first dark store in St Petersburg earlier this year. It is clear that the key to growth in this highly competitive sector is to capture a large customer base as quickly as possible. Expect international retailers to try out ever more inventive services and products in an effort to win back their slice of the pirog.
According to Infoline, the top ten biggest retailers in the first half of 2021 are: X5 Group’s non-VAT income is 1.05 trillion rubles.
” Magnit ” – non-VAT income of 801.6bn rubles.
Bristol and Krasnoe & Beloe chains – 330bn rubles in income excluding VAT. Wildberries generate 241.3bn rubles in income without VAT.
DNS has a revenue of 227.2bn rubles excluding VAT.
“Lenta” – non-VAT income of 214.9bn rubles.
M.Video-non-VAT Eldorado’s income is 212.8bn rubles.
Leroy Merlin’s non-VAT income is 207bn rubles.
Ozon’s non-VAT income is 141.9bn rubles.
“Traffic light” – 120.5bn rubles in income without VAT.
2.8 Russian business and consumer confidence
Rosstat’s Russia business confidence index dropped a little more in October, falling to -1.3 from -1 the month previously. The fall is due to seasonal factors as the winter sets in, but all a lot less than last year’s fall.
Rosstat presents the results of a September survey of economic behavior of 3.9 thousand organizations engaged in one of two types of economic activity - "Mining", "Manufacturing". The survey involved organizations that are not small businesses.
The business confidence index , reflecting the generalized state of business activity, in September 2021 was:
- in the extraction of minerals - 0.0%;
- in manufacturing industries - (-1.0%).
Seasonally adjusted business confidence index in September 2021 was:
31 RUSSIA Country Report November 2021 www.intellinews.com