This ad will be closed automatically in X seconds.

An international view: “After a long lockdown, consumers will be looking for comfort”

WildBrain CPLG’s Anna Artyukhova on anticipating a surge in interest for brand licensing later on in the year.

The COVID-19 pandemic has affected every country across the globe. has been catching up with a selection of licensors and licensing agents from Europe, the US and Russia to find out more about how their businesses have been affected and how they see the rest of 2020 playing out.

Today, we head to Russia to get the views of Anna Artyukhova, md, Russia and CIS, WildBrain CPLG Russia.

“The situation is starting to improve. In early June, we saw some stores begin opening their doors following two and half months of lockdown. It is still a little early to talk about when retail may get back to up its previous level here, as not all restrictions on movement have been completely lifted yet. Also, as retailers now have new operating conditions and requirements they need to comply with, foot traffic in stores is still relatively low but there is an upward trend expected.

While bricks and mortar will need some time to recover, we’re feeling positive impacts from the online shopping habits consumers have picked up since being in lockdown, especially in larger cities. During quarantine, for example, many nationwide grocery retailers have significantly improved their product delivery platforms which will be beneficial for consumers in the long-term. Additionally, we’re seeing retailers team up with major shipping operators such as Yandex, Delivery and others to increase the efficiency of their online offering.

The summer is going to be quiet, but we expect to see the market start to come back from autumn onwards. Right now, we’re seeing business in Russia becoming more cautious which is largely due to the uncertainty of the local economy. Among the main factors cited by manufacturers in a recent Nielsen Group survey as negatively impacting the licensing industry is the devaluation of the Russia rouble, problems with payment discipline and lower demand for the goods they produce.

Although we expect companies to delay any new licensing collaborations and launches until at least September, we do anticipate a surge in interest for brand licensing later on in the year. After a long lockdown, consumers will be looking for comfort and positivity in brands they already know and love.”

This feature originally appeared in the summer 2020 edition of Licensing Source Book. To read the full publication, click on this link.

Want to read more news like this? Simply sign up to our daily digest in the box below. You can also follow @LicensingSource on Twitter and @licensing_source on Instagram.

One of the lines for Bang on the Door character sells out in hours and Groovy Chick trends on Twitter....
Product finalists revealed as event confirms that it will be taking place virtually on Tuesday November 12....
Hasbro, eOne, Chupa Chups and Crunchyroll all confirmed for event's opening week....
Acamar Films' preschool brand secures raft of new licensing and broadcast deals in the territory....
The Hong Kong first edutainment video on demand platform includes content from around the world....
Licensing industry will be brought together for virtual ceremonies on November 9 and December 16 respectively....
Get the latest news sent to your inbox
Subscribe to our daily newsletter