Abstract:

A developed and efficient retail industry is an important condition for the economic and social well-being of a country. After the crisis of 2014, the situation in the Russian retail industry became more complicated. This manifested, among other things, in a dropping physical volume of retail trade turnover and an increase in consumer prices. In this short paper, the authors consider the factors that hinder the retail industry development in Russia. The factors considered include high competition within the industry, insufficient effective demand, high taxes, high rents, lack of financial resources and high transport costs.