Moscow has been ranked one of the most attractive sites for foreign retailers, following London and Paris. Global retail chains are seeking solvent customers and “new growth territories,” when most of the European economies are struggling in a downturn, said Maxim Karbasnikoff, Head of the Retail Department at Jones Lang LaSalle for Russia & CIS. “Sustainable growth of the 15 million Moscovites' disposable incomes, has steadily boosted retail sales for the past 3 years,” he went on, and the city is basically “the gate to a 140 million consumers market development,” Karbasnikoff conceded. Among the newcomers in Russian retail are American Eagle Outfitters, underwear firm Victoria’s Secret and DKNY. At least ten more foreign brands are expected to come to Russia’s capital in 2012, Jones LaSalle added, including British department store Debenhams, Noodle House restaurants, Seattle's Best Coffee, the Australian owned coffee chain Muzz Buzz, Brisket Express, doughnuts and coffee provider Krispy Kreme, clothiers Peek & Cloppenburg and Abercrombie & Fitch.
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