Russia news

07 February 2013
The Dutch supermarket chain is to invest around $100m in developing stores in Russia, with a focus on Moscow, according to Russian press reports. Reconstruction and store openings With Russia being a long-term priority market, SPAR’s local partner is investing $30m in reconstructing a...
05 February 2013
The Finnish retailer has reported its full year results for 2012, announcing group sales of €9.7bn, up 2.4% year-on-year, and appears to have arrested the decline in operating profit in Q4. Grocery business delivers growth Kesko's grocery sales at K-Food, Kespro, and other grocery banners grew by 2.2% in Q4 and 3.1% for the full year, reaching €4.3bn in 2012. Sales of Pirkka  private label ...
01 February 2013
Russian retailer, Maria-Ra, has announced its results for 2012 and is confident about the forthcoming year 32.7% revenue increase Maria-Ra has reported sales of RUB 40.8bn for 2012 which represents a 32.7% increase compared to last year. Consumer traffic also increased by 1.1% and the average basket spend grew by 8.3%. The retailer opened 132 new stores over the year, bringing its total s...
31 January 2013
According to several press reports, Russia’s largest drugstore chain looks to be gearing up to merge with local rival, A5 Pharmacy Chain. Shares rocket Shares in the drugstore chain surged by more than 13% in one day amid rumours that it is about to merge with A5 Pharmacy Chain. If the merger comes to fruition, the deal is likely to be funded by $300m worth of new shares. Become signif...
30 January 2013
The French retailer is planning on opening ten new stores in Russia in 2013. Successful year in 2012 The expansion of Auchan in Russia in 2012 was well executed, with the retailer opening eight hypermarkets and upgrading ten existing stores. Auchan invested RUB 7.5bn in organic growth during the year. Purchase of “Real” and expansion planned for 2013 Auchan announced the purchase...
23 January 2013
Dixy announces revenue growth of 43.8% for the 2012 financial year. Encouraging year of growth Dixy’s consolidated full year sales for 2012 showed a 43.8% increase compared to the previous last year at RUB 147bn. Year-on-year sales increased by 20.8% on a pro-forma basis, including revenue from the acquisition of the Victoria Group chain in 2011. Convenience performing well Sales i...
21 January 2013
Russian retailer O'Key has revealed net retail revenue of RUB115,922m for 2012, up 25.7% year-on-year, and revenue of RUB34,851 for Q4, up 24.5%. Dixy has also reported 2012 figures this week - click here for the details. Delivered on targets set Like-for-like sales were a particular highlight. Good progress in LFL sales throughout the year ended with growth of 7.5% in Q4. Average basket ...
16 January 2013
Metro Group has reported sales growth of 1.2% to €66.7bn for the full year 2012, delivering earnings in line with its revised guidance of €2bn. Christmas trading "satisfactory" Q4 saw a slow start to Christmas trading, but momentum gained towards the end of the year and Metro has described the result as "satisfactory", particularly at Media-Saturn which saw sales grow by 1.3% during the pe...
14 January 2013
X5 Retail Group has announced its preliminary sales results for 2012, amidst further management changes. Three key management changes At last week’s Board Meeting, the acting CEO Stephan DuCharme was made statutory CEO, subject to approval at the AGM in April. Kieran Balfe, X5’s CFO handed his resignation in, effective as of March 2013 and Sergey Piven will become the new CFO, having pr...
10 January 2013
Russian retailer, Magnit, has announced double digit sales growth in its preliminary unaudited results for 2012 An encouraging year for Magnit The sales, of RUB 448,486m, reflect an increase of 33.6% compared to 2011. The retailer has consistently reported strong results throughout the year - +33% in H1, +36% in Q3 . New stores helping drive growth An impressive store opening rate ...