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Dear readers! The first half of the year is approaching, which means that on the pages of the fifth issue of the magazine you will find a lot of useful analytical materials on the markets of warehouse real estate, cargo transportation, etc. Our authors Yu.V. Klimenko, M.G. Grigoryan, R.N.
Dear readers! We present to your attention the fourth issue of the LOGISTICS journal. By tradition, in the April issue we summarize the results of TransRussia | SkladTech 2025. This year, the exhibition attracted a record number of exhibitors and over 30,000 visitors. Under the heading "non-economic activity", we are posting an interesting article by A.V. Efimov on the prospects for the development of non-primary non-energy exports from Russia to Vietnam.
Dear readers! We present to your attention the third issue of the LOGISTICS journal. First of all, we would like to draw readers' attention to our new partner R1 Development, a development company that creates a new generation environment and specializes in the construction of industrial, logistics, commercial and residential real estate. One of the projects of R1 Development is the Druzhba industrial park network.
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All News of Logistics
Luxury goods market demonstrates stability
- CBRE analyses luxury segment in Russia -
- 29 new luxury brands opened their stores in 2015-2016 in Moscow -
Moscow
According to the findings of the latest research from CBRE, the global property advisor, luxury goods market in Russia demonstrated stability in 2016, mainly due to a shift in demand, influx of Chinese tourists and reduced prices from a number of retailers.
On the back of the crisis and income decline the number of Russians traveling to Italy, Spain, France, and Germany declined by 32% in 2015-2016 compared to 2013-2014. Consumers started to spend money inside the country, including luxury clothes and shoes.
Source: Rosstat, CBRE, Q4 2016
The report showed that the reduced prices (10-25%) for luxury goods from the largest retailers made Moscow competitive to Milan. The prices in Russia are lower than in Asia. This step led to the increased number of purchases by foreigners, mainly by Chinese tourists.
On the back of the formed comfortable conditions (signage and services in the Chinese language) and preferences (tax free, option to use China UnionPay, visa-free travels by groups of 5-to-50 people for up to 15 days) for the Chinese, number of tourists from China increased by 28.5% in 2015 and 15% in 2016.
Source: Rosstat, CBRE, Q4 2016
Despite the downturn in the economy, Russia remains one of the key markets for almost all global luxury brands. This is reflected in new stores openings, as well as in the expansion of the existing stores. About 42% stores opened in Russia during 2015-2016 compared to 2013-2014. Among the brands that turned into direct operation for the last three years are Bvlgari, Gucci, Burberry, Tiffanу&Co. and Hermes.
Source: Rosstat, CBRE, Q4 2016
Source: CBRE
Olesya Dzuba, Head of Research, CBRE in Russia commented:
“With 73% of luxury retailers present in the market Moscow ranks 7th along with New York, Osaka and Taipei in terms of global luxury presence giving way to Shanghai, Dubai, London, Hong Kong, Tokyo and Singapore. Moscow is also among the ten most attractive cities for luxury retailers together with London, Melbourne, Doha, Dubai, Prague, Honolulu, Gold Coast, Bucharest and Ho Chi Minh. The emerging economic recovery will stimulate interest from luxury brands to the Moscow market”.
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