About Retail
Posted: Wed Apr 23, 2025 5:15 am
Thus, the first experience of large-scale use of loans for individuals, which initially led to a consumer boom, is currently not particularly increasing the purchasing power of the population.”
According to ARKS data for the period from 2005 to 2009, the volume of retail space increased from 1.8 million square meters to 2.8 million, or by 53%. This is partly due to the boom in the real estate market, when the investment attractiveness of retail trade was enhanced by the growth and expectation of further
increases in prices for commercial real estate. During the exit cell phone number list same period, banks massively financed both retail enterprises and the population through consumer loans.
An important qualitative indicator of retail development is market consolidation, which means turnover/sales carried out by retail enterprises represented by several retail outlets, i.e. a chain of stores or a retail chain. In Kazakhstan, the consolidation of the food market, according to the Association of Retail Companies of the Russian Federation, is no more than 5%, while in Russia it is 11%, the Czech Republic - 49%, the USA - 55%, Germany - 80%. There is still a prevalence of trade in markets, which account for 51% of the turnover and 67% of retail space.
Thus, modern retail formats do not yet dominate the market. Moreover, the sale and closure of several retail chains raises a big question about the development of retail in the medium term. The format of "convenience stores", despite the lack of quality development, remains the main element of the distribution network throughout the country."
According to ARKS data for the period from 2005 to 2009, the volume of retail space increased from 1.8 million square meters to 2.8 million, or by 53%. This is partly due to the boom in the real estate market, when the investment attractiveness of retail trade was enhanced by the growth and expectation of further
increases in prices for commercial real estate. During the exit cell phone number list same period, banks massively financed both retail enterprises and the population through consumer loans.
An important qualitative indicator of retail development is market consolidation, which means turnover/sales carried out by retail enterprises represented by several retail outlets, i.e. a chain of stores or a retail chain. In Kazakhstan, the consolidation of the food market, according to the Association of Retail Companies of the Russian Federation, is no more than 5%, while in Russia it is 11%, the Czech Republic - 49%, the USA - 55%, Germany - 80%. There is still a prevalence of trade in markets, which account for 51% of the turnover and 67% of retail space.
Thus, modern retail formats do not yet dominate the market. Moreover, the sale and closure of several retail chains raises a big question about the development of retail in the medium term. The format of "convenience stores", despite the lack of quality development, remains the main element of the distribution network throughout the country."