The Russian market growth is slowing down

According to the latest study by the market research institute Infoline, the top ten Russian DIY markets had sales of RUB 240 bn last year. They have approximately 300 stores with a sales area of 1.45 bn m². Their average growth of 16 per cent is considerably more than the total market average which increased by 7.9 per cent. Some store representatives are expecting a further weakening of the growth rate. The CEO of Trest SCM, Rinat Mukhametvaleev, for example, believes that the days of steady growth are over. The information agency RosBusinessConsulting has also come to a similar conclusion. It expects a growth level of between eight and twelve per cent between 2014 and 2016 for the DIY branch.