X5 Retail Group news

 
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...
12 November 2018
We complete our review of the trends from the Central and Eastern Europe: outlook for 2018 presentation with the third and final trend;  Retailers trialing digital solutions. Retailers test in-store retail innovations and invest in online Retailers across the CEE are investing in digital retail solutions and develop presence in the online channel or optimise in-store operations....
01 November 2018
We attended X5’s Capital Markets Day in London to learn about its financial performance in the first nine months of 2018 and 2019 business strategy. X5 sales performance continues to slow down… The leading Russian retailer reported an 18.9% year-on-year sales growth to reach RUB927,482 m (€12,275 m). Its revenue growth slowed down for the third consecutive quarter, decreasing from 25.5% in ...
06 August 2018
The leading retailers in Russia, such as X5 and Magnit, have reported weakened financial performance in the first half of 2018. Source: IGD Research Sharp drop in LFL sales growth at X5 X5’s sales grew by 19.8% to RUB731,198m (€9,961m) year-on-year, as the like-for-like sales growth slowed down from 6.9% to 0.8% in the same period. The decline was driven by the performance of Pyat...
22 June 2018
X5 has assigned a new director for the Pyaterochka banner and two supervisory members with the expertise to return the discount format to like-for-like growth. This comes at a time when Pyaterochka faces a decline in like-for-like sales performance - from 9.1% growth in 2016 to 4.6% in 2017, and 0.8% decline in the first quarter of 2018. Pyaterochka has a new director Igor Shekhterman, X5 R...
07 June 2018
X5 is investing in technology, while Magnit focuses on new store concepts and developing a strategic partnership with Russian Post to drive traffic to their stores and introduce cost efficiencies. We review some of these strategic developments. X5 will divide Pyaterochka operation into macro-regions X5 will divide the Pyaterochka operation into five macro-regions, led by current CEO Igor ...
25 May 2018
X5 installed retail solutions to automate and optimise its stores operations. The solutions have helped the retailer improve the replenishment process, on-shelf availability, and fresh food fulfilment. The technological upgrade comes as X5 drastically expands its store and distribution network. The retailer added nearly 3,000 new stores in 2017, and over 2,500 openings are planned in 2018. Su...
17 May 2018
Pyaterochka’s ex-CEO, Olga Naumova, moved to Magnit and took up the post of Executive Director. Ms Naumova left the position at Russia’s leading retailer, X5 Retail, in April 2017. In her new role, Ms Naumova, will be responsible for operational management and development of all formats, as well as the commercial unit, pricing, marketing, logistics, and own production process. Magnit’s n...