Wednesday, March 29, 2017

Yekaterinburg retail industry flourishes

Yekaterinburg’s new retail centers have made the city the top shopping destination in Russia in terms of per capita shopping space, surpassing both Moscow and Saint Petersburg.

Ural Business Consulting reported that Yekaterinburg had 14,229 square feet of retail shopping area for every 1,000 residents as of Monday. 

For the last five years, the Yekaterinburg region has opened 10 new shopping malls in the area each year.

The Mid-Urals’ capital now has 34 shopping centers, which amounts to approximately 9 million square feet of shopping space. Of that space, 44 percent is dedicated to large shopping malls. 

Yekaterinburg’s total amount of shopping space is 20.5 million square feet. 

Yekaterinburg is also the top city for its retail trade turnover, which exceeded $106 billion in 2014.

Organizations in this story

Ural Business Consulting Yekaterinburg, Sverdlovsk Oblast

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