Russia news

04 April 2018
X5 Retail Group reports another year of healthy growth, out performing its key competitors. Now as it refurbishment programme for Pyaterochka is completed focus will shift toward the refining shopper value proposition. The retailer will also focus on its hypermarket banner - Karusel. We highlight some of the key features of X5’s plans for 2018. Sales growth continue, but slowdown X5 repor...
12 March 2018
France-based Auchan said turnover rose 0.6% in its 2017 financial year, reaching €53.155 bn. Auchan Retail, meanwhile, slightly underperformed, with total turnover rising by 0.5% (or by 0.1% at constant exchange rates) to €52.0 bn. However, underlining the challenges the company is facing, operating income fell by 19.3% to €935m, while its net profit fell by 53.4% to €275m. Auchan said its net...
16 February 2018
Sergei Galitskiy, Magnit’s biggest shareholder and CEO, sold 29% of the company’s share to state Russian bank VTB and left his role. As of 16 Feb 2018, Sergei Galitskiy withdrew from his role as CEO of Magnit (JSC Tander) and retained a 3% share of the company. Impact on Magnit’s strategy for 2018 Mr Galitskiy is succeeded by Khachatur Pambukhkhan, CFO since 2008, via a vote by the board ...
13 February 2018
Russia’s top retailers, X5, Magnit, and Lenta, have and are investing a considerable amount to expand their store presence across Russia, especially in Moscow, St Petersburg and their surrounding areas. SPAR Russia now seems to work closely with its franchisees to expand store presence in the Northwest and central region, with focus on Moscow and St Petersburg, and the southern federal district o...
13 February 2018
X5 launched an online store, Perekrestok.ru, in April 2017, to service the Moscow area. Now it plans to open fulfilment centres for the online store, otherwise known as ‘dark stores’. ‘Dark stores’ aid Perekrestok fulfilment stores to focus on in-store X5’s Prekrestok.ru is currently supported by a number of Perekrestok hybrid-stores that are supermarket units combined with a warehouse. The...
31 January 2018
We attended the Magnit Roadshow in London on 29 January for its 2017 full year results announcement, following our store visit in December 2017 . We discussed with Magnit’s CFO, Khachatur Pombukhchan, and Deputy CEO for Network Development, Sales & HR, Ilya Sattarov, Magnit’s performance in 2017 and strategy for 2018. Magnit 2017 results weaker than previous year Magnit’s performance...
19 January 2018
As X5 and Magnit face a small drawback in their growth plans for the beginning of 2018, Lenta met their forecast, whereas Dixy faced closures in 2017. X5 Retail Group cannot open more stores in St. Petersburg X5 faces competition authority restriction in St. Petersburg as it surpasses the 25% market share in that city following the acquisition of 37 Okay supermarkets . X5 exceeded the ...
06 December 2017
As Lenta announces investment in its private label ranges and supply chain and Dixy looks to add further in-store services to drive footfall, we round up developments from Russia. Lenta focusing on private labels… As part of an interview in Lebensmittel Zeitung, Lenta’s chief executive, Jan Dunning, has said the retailer sees private label as a key strategy to support its position in the co...
05 December 2017
We share the latest from SPAR International across a variety of European markets including Austria, Croatia, the Netherlands, Russia and Albania. SPAR Austria invests in new private label ‘SPAR Enjoy’ drinks range SPAR Austria has invested in a variety of new private label drinks under the 'SPAR Enjoy' brand over the last quarter. This includes a range of rainbow juices  featuring e...
04 December 2017
As Auchan rolls out its one-brand, multichannel strategy across its countries, we look at developments in France, Romania and Russia. Simply Market brand to disappear online… As part of the one brand strategy, Auchan has told shoppers the Simply Market brand will be removed from its online store, to be replaced by Auchan-supermarche.fr. The development is part of the retailer’s one brand st...