Released on = May 14, 2007, 2:22 am

Press Release Author = Shushmul Maheshwari

Industry = Retail

Press Release Summary = Russian retail market is growing steadily and strongly and
will continue to do so in the years to come as well. The retail market in Russia is
expected to hit US$ 744.92 Billion mark by the year 2011.

Press Release Body = In its recent report on "Russian Retail Sector Analysis
(2007-2011)" RNCOS has found that steady growth in the personal incomes combined
with continuing real appreciation of ruble will increase the retail market's size to
US$ 744.92 Billion by the year 2011.

Besides filling the treasury with billions of dollars, high prices of oil over the
period spanning 2001-2006 have helped in boosting the personal incomes and improved
the position of Russia in the world. Oil surpluses in Russia are increasingly
driving the economic growth by rising investments that spur consumption and in turn
benefit the retail trade & finance.

Growing incomes, political stability and economic recovery over the past few years
have all significantly benefited the retail trade in Russia. Year 2005, saw retail
market grow exponentially in all segments namely clothing, sporting goods,
electronics, etc. Particularly strong growth was observed in mobile phone segment.

Spurred by the macro economic factor (increase in both consumer income & spending,
and GDP growth), structural changes in marketplace, and other factors, retail trade
will likely grow intensively in the years to come. Chain retailers along with modern
store formats will help in significantly increasing their respective market shares.

As per the RNCOS report "Russian Retail Sector Analysis (2007-2011)", "There's been
rapid improvement in retail sales in Russia, which had dropped post 1998 crisis.
Russian retail sales reached approximately US$ 318 Billion last year (2006). This
has also made Russia the second most lucrative and twelveth largest retail market
throughout the globe."

The report further provides extensive research and objective analysis of the Retail
Industry in Russia. This report also addresses some interesting issues for today's
Global business environment namely market size and scope of the Organized Retail in
Russia, growth prospects and issues related to the industry, opportunities &
challenges faced by retailers in Russia and emerging trends there, etc.

About RNCOS E-Services Pvt Ltd.:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM0303.htm
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Web Site = http://www.rncos.com

Contact Details = RNCOS E-Services Pvt Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92
91-11-4214-1229
info@rncos.com