1. Analyst View

2. Industry Snapshot

3. Consumer Behavior Analysis
     3.1 Purchasing Power
     3.2 Consumer Spending
     3.3 Middle Class Population
     3.4 Consumer Preference - Russian and Foreign Brands
     3.5 Young Population and Income
     3.6 Credit Purchase
     3.7 Lifestyle and Shopping Habits

4. Industry Developments and Forecast to 2012
     4.1 Food Retailing
           4.1.1 Baby Food
           4.1.2 Diet Food
           4.1.3 Organic Food
           4.1.4 Packaged & Processed Food
     4.2 Non-food Retailing
           4.2.1 Clothing
           4.2.2 Footwear
           4.2.3 Cosmetics & Perfumery
           4.2.4 Furniture
           4.2.5 Household Appliances
           4.2.6 Mobile Handset
           4.2.7 Household Cleaning Products
     4.3 Retail Market Structure
           4.3.1 Hypermarkets
           4.3.2 Supermarkets
           4.3.3 Discounters/Economy-type Stores
           4.3.4 Convenience Stores
           4.3.5 Cash & Carry Stores
           4.3.6 Do-It-Yourself Stores

5. Potential Growth Areas
     5.1 Luxury Goods
     5.2 Private Labels
     5.3 Food Import
     5.4 Online Sales
     5.5 CCTV Market

6. Areas to be Addressed
     6.1 Lack of Retail Space
     6.2 Fraud and Counterfeiting
     6.3 Logistics and Supply Chains
     6.4 Human Resource and Training

7. Competitive Landscape
     7.1 X5 Retail Group NV
     7.2 Ramstore (Ramenka)
     7.3 Metro AG
     7.4 Groupe Auchan S.A.
     7.5 Magnit