Moscow Is among top 5 world cities by the number of retail shops
Moscow ranks 5th among the largest megacities by the number of retail shops located within 10 km from the city center. The Russian capital is ahead of London, New York and Seoul. The global leader is Buenos Aires, according to MORI: Global Power City Index. The presence of retail shops within walking distance from home is one of crutial indicators for assessing the quality of life for Russian and foreign experts.
According to the Moscow Analytical Center, 49 thousand stationary trade objects are located in Moscow, including 91 hypermarkets, about 2.5 thousand supermarkets, around 35 thousand shops and minimarkets. The three most common retail brands included Pyaterochka, Vkusvill and Dixie with more than 400 stores each. By the end of 2020, the top 5 retail chains accounted for 34.5% of revenue, which is 3.5 percentage points higher than in the previous year. According to Euromonitor, in 2020 Russia ranks 8th in terms of retail trade, behind China, the United States, Germany (four more countries).
Moscow accounts for 15% of the total Russian retail turnover. The annual volume of sales of stationary retail trade in Moscow, according to Rosstat, has doubled in 10 years, reaching 4.8 trillion rubles in 2020. Retail spaces per population is 1.394 square meters per 1000 people, which is 8.5% ahead of the average Russian level.
The COVID-19 pandemic accelerated a long process of consolidation in the Moscow retail market, when federal retail chains acquire competitors to strengthen their positions. In the previous month alone, several major deals were announced in the food retail sector.