Russian Retailers Retreating from Ukraine
Politically divided and severely impacted by the global economic crisis, Ukraine has seen several Russian retailers leave the country.
The combination of difficulties in their home market and the lower profitability of Ukrainian units effectively left them with no choice but to pull out.
On the other hand, Western European companies like Metro and Rewe are looking to invest in Ukraine. Nevertheless, over the next five-plus years, the Ukrainian retail scene is likely to remain fragmented and dominated by domestic players.
