Different faces of financial crisis on the Russian fashion market - June 2009

Clothing, footwear and accessories (CFA) is the second-largest retail sector after food retailing in Russia. In our recent report “Clothing and footwear market in Russia 2009”, we forecast that in 2009 the Russian CFA market size will decrease by some 5% to RUB 1,380bn ($41bn, €31bn). The expected downtrend in 2009 compared to 2008 will be a result of a sharp drop in clothing sales and stagnation in the sales growth of accessories and footwear.

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PMR Publications provides market intelligence for business professionals interested in Central and Eastern European countries as well as other emerging markets. Publications by PMR analyse the business climate in the region. The offer includes both free and paid subscription newsletters, online news & analysis services and in-depth reports on Central and Eastern Europe. PMR Publications is a division of PMR, a British-American company providing market research (through PMR Research), consultancy (through PMR Consulting) and business publications (through PMR Publications).