Russia news

07 May 2019
The three leading Russian retailers X5, Magnit and Lenta reported above market sales growth for the first quarter of 2019. Russia’s Ministry of Economic Development lowered its forecast growth of total national retail sales for 2019 from 1.7% to 1.6%. This is significant drop from the 2.8% growth rate reported in 2018. The three retailers continue to consolidate the market as they grow sales at...
30 April 2019
Both companies reported a decrease in group net sales during the first quarter. From a retail point of view, Kesko said it performed much better and gained market share, thanks to growing in-store traffic and strong online sales. Kesko’s retail sales grow by 1.5% Kesko released its first quarter sales, reporting net sales of €.,4bn, with like-for-like sales decreasing by 0.6%, partly due to...
11 March 2019
France-based Auchan said in its Retail division, revenue had fallen by 3.3% at current exchange rates (0.5% at constant exchange rates) to €50.3bn. It said on a like-for-like basis revenue fell by 2.4%. Revenue dropped in every region in which Auchan operates. France: revenue fell 1.3% Auchan said in FY2018, revenue fell 1.3% in its home market. It said it was affected strongly by the ‘yell...
13 February 2019
Germany-based Metro has reported its first quarter results saying total sales fell by 0.6% to €8.0bn. Metro said in local currency terms sales had risen by 2.1%, with the fall in sales ‘ due to the negative development of the Russian and Turkish currency ’. However, the company was able to report that like-for-like sales had risen by 2.3% during the period, with it noting this was ‘ mainly driven...
13 February 2019
Russia’s retail market in 2018 faced stagnant household incomes and food price inflation. This led shoppers to become more economical with their spending. As a result, retailers had to compete more for their share of spend in groceries, which has led to a slowing in real sales growth rates. We look at the 2018 full year results and highlight how the leading Russian retailers managed in the fac...
31 January 2019
Russia’s top two retailers, X5 and Magnit, have added small in-store concessions of Post Bank in several stores as part of pilot projects being run by them both. These are in partnership with Russia Post, the parent of the banking service. Capitalising on the traffic generated by post offices and banking services will help both in their attempts to halt their declining or marginally growing like-...
29 January 2019
Magnit and X5 have been investing in a range of supply chain initiatives to boost cost efficiencies. This is crucial to both retailers as they look to protect their profit margins, so they can sustain their 1,000-plus annual store opening strategies. From consolidated delivery to various transport modes, we look at how Russia’s top two retailers are looking to benefit. Magnit and X5 opt for co...
24 January 2019
Dixy, Bristol and Red & White have decided to merge their retail networks. The combined business is expected to generate revenue of over RUB650bn (US$9.8bn) and operate over 13,000 stores at the end of 2019. The owners of Dixy and Bristol, Igor Kesaev and Sergey Katsiev, will take a 51% share in equity, with Red & White owner Sergey Studennikov holding the remaining 49% stake. Merger places pr...
22 January 2019
France-based Auchan has announced that it will not develop its drugstore chain, Lillapois in Russia. It will close one of its two Lillapois stores to focus on its hypermarkets and supermarkets in the country. Auchan will close Lillapois store in Moscow… Lillapois was first launched in the Troika shopping centre in Moscow in August 2016. The assortment included cosmetics, perfumery and perso...
18 January 2019
Germany-based Globus opened its 14 th hypermarket in Russia in November 2018. The 22,500 sq m store, in Balashikha near Moscow, is expected to receive seven million customers annually. “Buyers will be able to find everything” The hypermarket in Balashikha offers a large assortment, of 45,000 SKUs, with between 30% and 45% manufactured by suppliers in the Moscow region. It covers all food c...