Articles - The Moscow Times

Support The Moscow Times!

Contribute today

Alcohol Sales in Russia Reach Record High in 2024 – RBC

The increase in alcohol consumption coincides with a rise in alcohol dependency rates reported by Russia’s state statistics agency.

IKEA Sells Last Remaining Warehouse in Russia

The IKEA distribution center’s value is estimated at between $163 million and $183.5 million, industry experts said.

French Supermarket Chain Auchan to Sell Russian Business – Reports

Auchan’s Russian subsidiary dismissed the reports, calling them “rumors” that have circulated for years.

Russian Food Suppliers Warn of Price Hikes Up to 40%

Industry insiders blame high inflation and expensive loans, as well as the rising costs of shipping and raw materials.

Retailer Stockmann Buys Hugo Boss Russia

Stockmann was itself sold to local buyers by its former Finnish owners after Moscow annexed Crimea in 2014.

Russian Online Marketplace Avito Vanishes From Apple’s App Store

Avito, which is among the world’s most-visited classifieds websites, said it contacted Apple to find out why its app was no longer available.

Leroy Merlin’s Former Russian Business Changes Name

The first stores will be renovated by the end of this year, and the rebranding is expected to finish by 2025, the company said.

Home Appliances Made for Ukraine Sold in Russia – Kommersant

Retailers said that products intended for Ukraine were being sold through backchannels to Russia amid falling demand in the war-torn country.

Russia to Inspect Supermarket Chains for Egg Price Fixing

Among the major chains impacted by the inspections are the French-owned Auchan, stores operated by the X5 group, Magnit and Lenta.

French DIY Retailer Leroy Merlin to Cede Control of Russian Stores

The company has been accused of allowing pro-Kremlin activists to use its delivery network to supply the Russian military.

Swedish Clothing Giant H&M Shutters Last Stores in Russia

Swedish fashion retailer H&M announced on Thursday that it had closed its last remaining stores in Russia and Belarus, wrapping up its progressive...

Russian Online Retail Leaders Double Sales in 2021

Wildberries, Ozon and AliExpress Russia all expanded rapidly last year.

Rising Inflation Gives Boost to Russia’s Discount Retailers

Surging prices and weak wages are a win-win for Russia’s bargain stores, even as the wider economy slows.

Russian Online Retail Pioneer KupiVIP Shuts Down

A failed deal with Yandex was the final chance to save the company, which struggled to compete with well-backed online retail firms.

Russia Launches Price-Fixing Investigation Into Top Supermarkets

Competition authorities allege collusion to keep prices higher. Analysts suspect political concerns over inflation.

Russia’s Top Online Retailer Targets U.S. Market

Wildberries launches on Amazon’s home turf in latest international expansion.

‘We Need Our Government’: Surging Food Prices Put Kremlin on Edge

Food prices are rising fast in Russia and the government has rolled out temporary price caps, but discontent is simmering.

Russian Retailer Launches Facial Recognition Payments

The scheme is backed by Visa and Sberbank, and will be rolled out to 3,000 stores by the end of the year.

Russian Discount Chain Eyes Largest Foreign IPO Since Sanctions

FixPrice is aiming to raise up to $1.7 billion in its London stock market launch.

Russia’s Wildberries Launches in France, Italy and Spain

Russia’s leading online retail giant is betting big on Europe in a major expansion drive.

View more articles