Growth was also driven by new product launches and the growing popularity of the brand’s application.

The M.Video-Eldorado Group published its results for the first quarter of 2019.

The e-commerce turnover in 2018 reached 1.95 trillion rubles, which is 13.4% more than a year earlier. In particular, retail grew by 14% to 1 trillion rubles.

An experimental large-format Perekrestok store was opened at the Karusel hypermarket in St. Petersburg.

There is a new tenant in the Nikolskoe Warehouse Complex: the nation-wide furniture store chain Pervyj Mebelnyj.

Alibaba’s Director of Government Relations in Russia recently compared Russian e-commerce with Chinese.

Last year, real incomes of Russians fell by 0.2%. The consumer confidence index is falling.

Twelve retailers were in the TOP-100, and we are pleased that among them are some of our tenants: M.Video (21st place); X5 Retail Group (29th place); Adidas (62nd place); Eldorado (71st place); and Petrovich (77th place). Congratulations!