X5 Retail Group news

 
25 April 2018
X5 Retail Group announced that Pyaterochka’s general director, Olga Naumova, has left her post with immediate effect. Igor Shekhterman to cover role The Supervisory Board named X5 CEO Igor Shekhterman as Pyaterochka’s acting general director until a permanent replacement is found. X5 plans to make an internal appointment to the role of general director for its discount format. The company s...
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...
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...
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 ...
16 November 2017
We look at the latest developments from Russia’s leading retailers. This includes X5’s store growth ambitions, loyalty programme investment and supplier expansion in Asia and elsewhere. Meanwhile, Lenta are expanding in Siberia. X5 requests approval to acquire 37 Okey supermarkets X5 Retail Group has submitted a request to Russian competition authority, FAS, to acquire 37 Okey supermarket...
18 October 2017
We review X5 Retail Groups latest quarterly results and assess the retailer’s nine months results against the forecast plan for 2017. Pyaterochka extend their share of X5’s revenue sales X5 reported a 26.3% year-on-year sales growth to generate RUB 927bn (€ 13.5bn) in revenue sales for the first nine months of 2017. Pyaterochka drove that growth at a 30.3% growth year-on-year for the firs...
13 July 2017
From the launch of the Magnit Pharmacy banner to the expansion of online grocery channel, IGD looks at the latest developments in Russia's grocery retail market. Magnit launches pilot pharmacy banner Magnit opened four pilot stores under the banner ‘Magnet Pharmacy’, two as stand-alone units and two as shop-in-shop units within Magnit hypermarkets. The stores will stock 3,500 SKUs and are...
08 June 2017
X5 announced in its 2016 annual report that it will invest in the roll out of its Regional Supermarket model in the Urals and Siberia, and follows a pilot of the model in 2016. The focus of the model is to reduce store SKUs down to 8,000, focus on local and value-priced ranges, and maximise selling space to between 65%-70%. X5 expands distribution centres In 2016 X5 opened six distributio...
21 April 2017
Three of the largest Russian retailers, X5, Magnit, and Lenta have released their Q1 2017 results. We look at the retailers’ performance and their expansion plans for the year ahead. X5 maintains dynamic growth in 2017 X5 continues to enjoy a robust performance, with a 26.4% growth in net sales in Q1 2017. X5 sales were driven by a 7.3% like-for-like sales growth and the opening of 639 Pyat...
12 April 2017
X5 announced plans in implementing its bold growth strategy across Russia. Learn about the strategies that X5 will use in 2017 to support its plan. X5 to create a Coop-Pyaterochka brand for rural Russia X5 signed a five-year cooperation agreement with the Central Union of Consumer Societies of the Russian Federation (Centrosoyuz) to open 1,000 new stores in remote rural areas under the join...