International Retailers Still Being Lured

Notwithstanding the fact that Russia's erstwhile unflappable mass grocery retail (MGR) industry has cooled in 2009 and broader consumer confidence remains weak (retail sales are still falling), international grocery retailers remain tempted by the industry's untapped potential. On the back of a circumspect entrance earlier in 2009, French behemoth Carrefour has opened its second store and is expected to pursue further organic expansion while also scouring the domestic market for possible acquisitional opportunities.

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