Low incomes, high inflation drive convenience store growth across Russian retail - NewsBreak
By Faria in Business
Updated 3 years ago
MOSCOW, Oct 26 (Reuters) - A mix of low incomes and rising inflation is stifling purchasing power in Russia while driving growth of discounters and convenience stores in the retail sector that could soon produce Russia's largest IPO in years. Low-cost retailer Fix Price raised around $2 billion in a...