Analysis of Russian Retailers’ Communication Strategies in Terms of External Constraints

  • Vasily S. STAROSTIN Institute of Marketing, State University of Management, Moscow
  • Veronika Y. CHERNOVA Marketing Department, Peoples’ Friendship University of Russia, Moscow

Abstract

The research subject includes Russian retailers working under current crisis conditions. The research is aimed at identifying specific features in the retail and developing the upcoming directions in communication strategies. The research relevance depends on the fact that the communication strategies currently used by retailers are aimed at meeting the immediate needs of customers, therefore it is reasonable to develop the most promising directions of consumer engagement that require changes to the retailers’ communication strategies to increase their performance. The research uses the systematic approach to identify the mentioned features and determine existing structural interrelations between the factorial and performance indicators of retailers’ activities. The completed statistical analysis of the retail trade dynamics in Russia shows that despite the increased sales, the market share of the Russian retailers has gradually decreased, giving way to other trade formats. It has become clear that we need to transform the communication strategies to expand the market share, attract consumers, and ensure a sustained growth of companies. The authors have submitted the approach to the improvement of the communication strategies by raising an interest of consumers in a particular company.

References

[1] Collins-Dodd, C., and Lindley, T. 2003. Store brands and retail differentiation: The influence of store image and store brand attitude on store own brand perceptions. Journal of Retailing and Consumer Services, 10(6): 345–352.
[2] Federal Law No. 381-FZ ‘On the Basis of State Regulation of Commercial Activities in the Russian Federation’ (as rev. and ext., came into force on January 9, 2015) of December 28, 2009 (as ed. on December 31, 2014).
[3] FMCG Retail Chains in RUSSIA 2014 + Relevant Development Forecast for 2015–2017. RBC.research. Available from: http://marketing.rbc.ru/research/562949993820638.shtml Date accessed:01/05/2016
[4] Henderson, T., and Mihas, E. 2000. Building Retail Brands. McKinsey Quarterly (3).
[5] Impact of Crisis on Corporate Marketing Policy. Sostav.ru. Available from: http://www.sostav.ru/news/2010/01/13/profi Date accessed:01/05/2016
[6] Karpova, N.P., and Fedechkina, I.V. 2013. Concepts of contractors’ interaction aimed at procurement. Issue of Samara state university of economics, 4(102): 39–43.
[7] Pellegrini, L. 1993. Retailer Brands: A State of Art Review. In Research in Distributive Trades, Proceedings of the 7-th International Conference (6–8 September, Sterling) (p. 348–363). Institute for Retail Studies, University of Sterling.
[8] Protasova, L.G., Vasiltsova, L.I., and Kuzmin, E.A. 2011. Infrastructure development in the marketing management system areas. Journal of the Ural State University of Economics, 2(34): 104–109.
[9] Simon, H. 1997. Hysteresis in Marketing - A New Phenomenon? Sloan Management Review, Spring, 39–48.
[10] Steenkamp, J.E.M., and Jong, M. A. 2010. Global investigation into the constellation of consumer attitudes toward global and local products. Journal of Marketing, 74(6): 18–40.
[11] Varley, M., and Rafig, M. 2005. Brands in retail trade. Brand Management, 2(21): 42–53.
[12] Webster, F. 2005. A perspective on the evolution of marketing. Journal of Public Policy and Marketing, 24(1): 121–126.
Published
2016-08-20
How to Cite
STAROSTIN, Vasily S.; CHERNOVA, Veronika Y.. Analysis of Russian Retailers’ Communication Strategies in Terms of External Constraints. Journal of Advanced Research in Law and Economics, [S.l.], v. 7, n. 3, p. 631-637, aug. 2016. ISSN 2068-696X. Available at: <https://journals.aserspublishing.eu/jarle/article/view/196>. Date accessed: 04 dec. 2024.
Section
Journal of Advanced Research in Law and Economics