Trends in the development of retail trade in the region

Retail trade affects key business processes in the economy related to the implementation of commodity movement. A large turnover in the retail sector acts as a source of funds to the budget through taxes and VAT, contributing to the formation of the foundations of the stability of the state. In the context of the intensification of the crisis against the background of the pandemic and sanctions, the standard of living of the population has significantly decreased, which led to a decline in retail trade and a change in its structure in accordance with the most priority product lines. The study evaluates the trends in the development of retail trade in the Kursk region in the period 2018-2022, identifies the trends that have developed under the influence of the crisis and their causes. It was found that the deterioration of the economic situation in the period 2020-2022 contributed to a decrease in the physical volume of retail trade, despite the fact that in 2022 the retail trade turnover in the Kursk region reached 285.3 billion rubles. In 2020 and 2022 the main commodity areas of retail trade in the region failed to maintain a positive trend towards growth in physical volume, while nominal growth is due to inflationary price increases. It was revealed that the retail market of the Kursk region remained stagnant in 2020 and 2022, although there was a slight recovery in 2021. The current situation is due to the negative impact of the intensification of the crisis on the socio-economic situation of the population, which contributed to a change in consumer activity.