Page 60 - bne magazine November 2021_20211104 uzbekistan risding

60 I Eastern Europe bne November 2021
Russian companies Ozon and Svetophor have displaced international peers on the list of top ten retailers in Russia.
Homegrown vendors gain on multinationals in Russian retail boom
bne IntelIiNews
Financial results from the first half of 2021 show that Russian retailers are chipping away at the market share of international rivals within the Russian Federation. This comes as a domestic and global retail boom is shaking up the sector.
Retail in Russia is undergoing a transformation as the local market accelerates out of the COVID-19 pandemic. The Russian sector is outpacing even the booming global retail sector as real wages increase and consumer behaviour begins to change. Whereas the longstanding leaders of the Russian market are international companies, this shift is playing to the advantage of Russian retailers, who are fast catching up.
Auchan and Metro – two European hypermarket giants – have dropped off the list of the top ten largest retailers in Russia at the end of 1H21, writes
www.bne.eu
daily newspaper Kommersant. In their places, Russian retail giants Ozon and Svetofor have broken into the top ten, according to data from analytical firm Infoline.
As a result, nine out of the top ten retailers are now Russian companies. The exception is French home and gardening retailer Leroy Merlin, which currently sits at eighth place on the list.
Income of the top ten biggest retailers in the first half of 2021
X5 Retail Group
supermarkets
RUB1.05 trillion ($14.1bn)
Magnit
supermarkets
RUB801.6bn
Bristol and Krasnoe & Beloe
retail
RUB330bn
Wildberries
e-commerce
RUB241.3bn
DNS
retail
RUB227.2bn
Lenta
supermarkets
RUB214.9bn
M.Video Eldorado
consumer electronics
RUB212.8bn
Leroy Merlin
DIY
RUB207bn
Ozon
e-commerce
RUB141.9bn
Svetofor
discount retail
RUB120.5bn
Source: Infoline