The total increase in retail space among the top 200 largest Russian FMCG chains in the first half of 2024 decreased to 850,900 sq. m. This is 11.8% less than last year. This is reported by Forbes with reference to INFOLine data.
Viktoriia Hnatiuk/Shutterstock/Fotodom
For comparison, in the first half of 2023, the net increase in the area of the top 200 FMCG chains amounted to 964,400 sq. m, and in January-June 2022 – more than 1 million sq. m.
X5 Group has slowed the pace of physical expansion of its chains: the growth of space in the first half of the year fell by 23% – over the year, the chain has grown by 994 stores. Magnit has increased the number of outlets, taking into account Magnit Cosmetic, by 944.
The retail space of the Lenta Group increased by 33.3% to 2.35 million sq. m. in January-June. VkusVill continues its intensive growth, increasing its retail space by 56.4% to 38,000 sq. m. in the first half of the year. The number of retail outlets increased by 253 to 2,055 outlets during this period, including the number of VkusVill Mini retail outlets, which increased to 425.
The growth of Bristol's retail space in the first half of 2024 decreased by 3.5% to 31,200 sq. m, while that of Krasnoe & Beloye increased by 10% to 135,100 sq. m. The number of Bristol's facilities increased by 350, and that of Krasnoe & Beloye by 1,919.
Vinlab joined the group of leaders in absolute growth, adding 14,000 sq. m.
“The main reasons for the decline in investment activity are, firstly , the growth in the cost of borrowed funds due to the increase in the key rate, secondly , increased competition among players for locations and personnel, and also difficulties for hard discounter networks operating in large formats that are focused on monthly purchases for future use,” said Mikhail Burmistrov, CEO of INFOLine-Analytics .