Diversification in the Field of Furniture Retail of Russia

Abstract

This article Diversification of furniture retail of RF is devoted to finding ways of development of Russian furniture retail. The article analyzes the major trends of the industry, the prospects for development of the Russian furniture retail and key retail formats. An important component of this - is possibility of active development of furniture retailing in the context of macroeconomic indicators of the Russian Federation. Large-scale furniture sites today mostly determine the development of the market and the main aspects of its functioning. In the global furniture market, in recent years there have been significant changes in the qualitative nature: closing of national markets, internationalization of furniture production. These factors largely determine the changes in the dynamics and structure of the international furniture retail. Russia's accession to the WTO will undoubtedly lead to low-price competition in the segment due to the increased supply of furniture of economy class. However, Russian producers have time to prepare for this situation, and to diversify its furniture retail, since the reduction of customs duties on furniture and materials for it must happen only by 2018. DOI: 10.5901/mjss.2015.v6n3s6p39