Dear readers! The tenth issue of LOGISTICS journal opens with a large article dedicated to the results of the BRICS Business Forum, held on October 18, 2024 in Moscow. Yulia Kislova, Director of Agency Market Guide LLC and publisher of LOGISTICS journal, attended the event and prepared an article where she paid special attention to international trade and logistical connectivity of the countries of the association. The details are in the room.
Dear readers! We present to your attention the ninth issue of the Logistics magazine, in which we have collected and combined relevant materials. On the pages of the new issue, we paid close attention to the personnel problem. You will be interested in SuperJob's research on changes in demand for personnel over the year, salaries of truck drivers and warehouse staff. Our author V.S.
Dear readers! First of all, we would like to welcome all participants of the grand industry event – the CeMAT RUSSIA exhibition, which will be held from September 17 to 19, 2024, in Moscow, Crocus Expo IEC, Pavilion 1. LOGISTICS magazine will be presented at the event, we invite you to our stand C309, where you can get acquainted with the latest issue of the magazine and find out the terms of cooperation with the editorial office.
According to JLL, with no new shopping centres delivered to the market in Q1 2017, the vacancy rate in existing properties declined from 7.5% to 7.2%. Over the course of the year, JLL analysts expect this indicator to decline further, to 6.5%, the lowest level since the beginning of 2015.
Some 217,500 sq m of new quality shopping centres[1] are announced for delivery in 2017, which is 52% lower than the 2016 volume and the lowest level in the past four years. The main properties expected later this year are Vegas Kuntsevo (113,400 sq m) and Vidnoe Park (27,500 sq m).
“The volume of new shopping centre supply in Moscow has been declining since 2015. Developer activity moderated considerably during the recession; projects were frozen at various completion stages.” – Ekaterina Zemskaya, Regional Director, Head of Retail Group, JLL, Russia & CIS, says. – “This year started with an announcement of realization of such previously suspended projects as Salaris (105,000 sq m) and Galeon (14,000 sq m), as well as construction plans of brand-new projects, in particular Vegas on Kievskoe highway. As economy stabilises, we expect further recovery of development activity that will restore positive completion dynamics in 2018-2020.”
“The focus of developers is changing with a gradual market saturation by traditional shopping centres and rising competition. There is a growing interest in neighbourhood shopping centres, which not only focus on the daily needs of residents, but also offer cultural and leisure components. The share of such projects in the future supply will increase mainly as a result of ADG Group’s reconstruction and reconception of 39 Soviet era cinemas (324,000 sq m).” – Polina Zhilkina, National Director, Head of Retail Advisory, JLL, Russia & CIS, notes. – “At the same time, construction of transport interchange hubs incorporates shopping complexes. For instance, Seligerskaya (145,000 sq m), Cherkizovo (120,000 sq m), and Park Pobedy TPUs. Such projects will form the bulk of the new retail supply from the beginning of 2019.”
The Russian market continues to attract new international retailers: seven new brands appeared in Q1 2017, Aquazzura, Zanellato, Peter Kaiser, Japonica, Giorgio Armani Beauty, Eglo, and Ahimsa. Most of the newcomers represent the premium segment. The most notable event among the first quarter debuts was the first European opening of Italian cosmetics boutique Giorgio Armani Beauty in Atrium. The only brand opening in street retail – on Petrovka Street – was that of Italian luxury shoes store Aquazzura. Street retail traditionally attracts flagship stores of global brands, with Q1 marked by such launches as flagship Nike store (the third overall and the first in Europe new concept store); a Massimo Dutti store appeared on Kuznetsky Most Street; H&M opening on Tverskaya Street was announced for Q2 2017.
“It is too early to call a start of the consumer sector recovery.” – Margarita Shebanova, Retail Market Analyst, JLL, Russia & CIS, adds. – “Although consumers, along with other market players, adjusted to the current conditions, their incomes continue to decline. Nevertheless, the expected improvement of retail turnover and real disposable income dynamics (by 2.3% in 2017, according to Oxford Economics) will support further improvement in retail leasing activity.”