The coronavirus (COVID-19) outbreak contributed to a significant revenue growth in the online grocery retail market in Russia during 2020. However, not all retail formats profited from the pandemic. Namely, hypermarkets reported nearly a six percent drop in revenues in 2020 compared to 2019.
Year-on-year revenue growth in the modern food retail segment in Russia in 2020, by store format*
* Modern retail - Consists of hypermarkets, supermarkets, online stores and discounters.
Hypermarket - Large retail outlets under common ownership with sales area > 2,500m².
Supermarket - Smaller retail outlets under common ownership, excluding discounters. Sales area between 450m² to 2,500m².
Discounter - Limited range discount retailers such as Aldi, Lidl, Biedronka, Norma, Netto, Eurospin, Penny, Dia, Leader Price.
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McKinsey & Company. (March 25, 2021). Year-on-year revenue growth in the modern food retail segment in Russia in 2020, by store format* [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1230598/russia-modern-food-retail-revenue-growth-by-store-format/
McKinsey & Company. "Year-on-year revenue growth in the modern food retail segment in Russia in 2020, by store format*." Chart. March 25, 2021. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1230598/russia-modern-food-retail-revenue-growth-by-store-format/
McKinsey & Company. (2021). Year-on-year revenue growth in the modern food retail segment in Russia in 2020, by store format*. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1230598/russia-modern-food-retail-revenue-growth-by-store-format/
McKinsey & Company. "Year-on-year Revenue Growth in The Modern Food Retail Segment in Russia in 2020, by Store Format*." Statista, Statista Inc., 25 Mar 2021, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1230598/russia-modern-food-retail-revenue-growth-by-store-format/
McKinsey & Company, Year-on-year revenue growth in the modern food retail segment in Russia in 2020, by store format* Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1230598/russia-modern-food-retail-revenue-growth-by-store-format/ (last visited November 10, 2024)
Year-on-year revenue growth in the modern food retail segment in Russia in 2020, by store format* [Graph], McKinsey & Company, March 25, 2021. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1230598/russia-modern-food-retail-revenue-growth-by-store-format/
