Predicted losses for food retail in 2017

Retail trade turnover has fallen since the beginning of this year to 5 percent. Food retailers feel better than others in the recession: 71% of respondents in this sector gave positive assessment of the current situation. They are followed by the sellers of household goods (54%) and pharmaceutical goods and cosmetics (39%). This data was provided by the report of the Boston Consulting Group based on the "Retail-barometer 2016" survey, which was conducted jointly with the Redis Business Class business club. The forecast for 2017 rather negative. "There are two reasons - the ongoing price pressure from the Federal chains and the reduction in demand", said Partner and Managing Director BCG Ivan Kotov.