#retail

Russian Ministry of Economic Development and Sberbank to Create Alibaba Analogue

This summer, the Ministry of Economic Development and Trade, or MED, and Sberbank will begin working together on a Russian Internet trading site

Tesla Considers Entering Russian Market

The manufacturer of Tesla electric cars is currently searching for premises in Moscow and St. Petersburg for potential future offices, showrooms and service centres

Russian oodji Clothing Retailer Enters US Market

Retail chain from Russia’s St. Petersburg now hiring a head of their American office

Chanel Applies for Russian Tax Free Programme

Chanel has sent an application to the Ministry of Industry and Trade for participation in the tax free programme

Auchan Planning to Invest Hundreds of Millions of Dollars Annually into Russian Market

French retailer Auchan intends to invest 20-30 billion roubles ($328.7-493.1 million) annually into the development of their business in Russia

Moscow Kremlin to Open Online Shop

Administrative Directorate of the President is testing its online shop “Kremlin Quality”

Seventy Percent of Russians Increased Spending on Luxury Goods

Seventy percent of Russian residents have increased their spending on luxury goods in 2016

Russian Clothing Retailer Opens First Store in Poland

The Russian clothing retailer Melon Fashion Group opened the first Befree store in the Polish town of Poznan

Most Expensive Russian Street Revealed

Located in the centre of Moscow, Stoleshnikov Lane is the most expensive street in Russia in terms of the rental cost of retail space

Chinese Xiaomi to Open 20 Stores in Russia in 2017

Chinese company Xiaomi will open more than 20 new branded stores in the major Russian cities by the end of 2017

eBay Russia to Start Developing Businesses in 120 Countries

Starting this year, eBay Russia will be responsible for the company’s business development in 120 countries around the world, according to Ilya Kretov

Russia’s Azbuka Vkusa Launches Fingerprint Payment System

Azbuka Vkusa, a Russian supermarket chain, has begun testing a fingerprint payment system

Alibaba to Sell Russian Goods

The Russian Export Center (REC) and Alibaba Group have launched the Russian national pavilion at Tmall Global, an online trade platform owned by Alibaba Group

Chocolate Manufacturer Lindt Opens Its First Boutique in Russia

Swiss chocolate manufacturer Lindt & Spruengli AG opened a 65 square-metre chocolate boutique in Mega Khimki shopping centre, Moscow

Forbes Names Biggest Foreign Businesses Working in Russia

The French retail chain Auchan was rated as the highest-earning foreign company operating in Russia by the Russian-language version of Forbes

Moscow Opens First Russian Army Brand Store

The Russian Defence Ministry has announced the launch of the Russian Army's flagship store in Moscow

Bulgari Set to Open Four New Stores in Russia

Bulgari, the jewelry brand owned by LVMH, plans to open four additional stores in Russia over the next ten years

Russia’s Chewing Gum Exports Reach $59 Million in 2016

Russia exported $59 million of chewing gum in 2016, RNS reported, citing a statement from the Russian Export Centre

Largest Nike Store in Central and Eastern Europe to Open in Moscow

On March 26, Nike will open its largest store in Central and Eastern Europe on Kuznetsky Most street in Moscow

Nike Wonders What Russian Girls Are ‘Made Of’

Prominent Russian athletes star in Nike's new inspirational sales campaign based off of a famous children's song

Kremlin Plans to Sell Goods Under its Own Brand by April

The Administrative Department of the President of the Russian Federation is preparing to sell products starting in early April under the brand 'Kremlevskoye Kachestvo'