Russian Consumers Still in Shock as They Cut Back on Food and MedicineBy
June retail sales shrank for record 18th month, survey shows
Russians save on medicine, buy less food as recession lingers
With stores from near the Arctic to the foothills of the Caucasus Mountains, Magnit PJSC would be the first to know when the Russian consumer is back. Instead, the nation’s largest supermarket chain has just come across something it’s never seen.
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