Spending on Groceries and Alcohol Increases at Russian Shopping Malls
2 sources · Latvia
Who reported this
- Meduza
- Novaya Gazeta Europe
What the colours mean
- Left
- Centre-left
- Centre
- Centre-right
- Right
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Visitors to large shopping malls in the European part of Russia are spending a larger share of their money at grocery and liquor stores. According to data from Sampa, the company that manages Sberbank shopping malls, spending at grocery stores rose from 22% to 24% over the past year. During the same period, spending on non food purchases fell from 8% to 5%, and spending at food service outlets decreased to 6%. These trends were also recorded by Rosstat, Russia's state statistics service.
Experts cited by the business daily Kommersant attribute this shift to a decline in purchasing power. They suggest that consumers are redistributing their budgets toward essential goods and avoiding non essential purchases. Sources also indicated that the drop in non food spending is reducing the overall turnover of shopping malls, including the turnover at grocery stores.
How each side framed it
- Centre-left
- Outlets of this lean framed the shift in spending as a direct indicator of declining consumer purchasing power.
Sources
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