Released on = April 21, 2007, 3:22 am

Press Release Author = Shushmul Maheshwari

Industry = Retail

Press Release Summary = Russian retail industry is booming, and in this boom the
dynamic retail market of St. Petersburg is sure to play a key role, as the city is
characterized by rising trend in per capita income plus inadequate space for quality
shopping.

Press Release Body = St. Petersburg is among the most dynamic retail markets in
Russia. Rising per capita income combined with an inadequacy of quality
shopping-space in the city are spurring the boom in retail industry in the city.

Rapid economic development of St. Petersburg is driving the expansion of retail
market here. More ambitious and bigger projects are being realized, so that growing
demand of consumers can be satisfied. There are several large-scale Western standard
shopping space projects that are being developed. These projects are expected to
bring St. Petersburg in the list of Russia’s favorite retail destinations.

Just like any other city, retail space available in this city isn’t restricted
to just boutiques and shopping malls on primary shopping streets. St. Petersburg
market - comprising of open-air marketplaces, neighborhood grocery stores &
pavilions, and kiosks - is estimated to be 4 million sq. mt. The city provides both
Russian & international retail chain operators as well as developers with room to
increase their foothold in this second largest market of Russia.

Quality market of St. Petersburg, a city with 4.6 Million dwellers, is still in its
infancy. Today, the city has just 80 sq. mt. of quality space for retail shopping
per 1,000 dwellers – one of the lowest figures throughout Europe. Taking into
account the importance and size of the city, it becomes quite obvious that the city
has vast yet unrealized potential for the development of retail market.

As per RNCOS report “Russian Retail Sector Analysis (2007-2011)”,
“Russia is a highly lucrative market for investors, since its retail industry
is highly fragmented and because existing modern retail outlets have a high
geographic concentration in St. Petersburg and Moscow.”

This research report on “Russian Retail Sector Analysis (2007-2011)”
provides extensive research and objective analysis of the Retail Sector in Russia.
The report also addresses some interesting issues for today’s global business
environment. Issues covered in this report include: 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, 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
Current Industry News: http://www.rncos.com/blog



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