Magnit launched a 12-month transformation programme in September 2018. A key aim of the strategy is to return its like-for-like (LFL) performance to growth, following two years of decline. It is looking to do this by developing a new customer value proposition (CVP), which puts a strong focus on the shopper, and a refined pricing and promotional structure. It reached that aim when it reported L...

Germany-based Metro reported like-for-like sales increased by 3.4%, while total sales rose by 2.8% to €7.6bn (US$8.47bn) in its third quarter. The company said the growth was driven by all regions, excluding Russia. EBITDA, excluding earnings contributions from real estate transactions, totalled €316m (US$351.2m) in the same period, a rise of €11m on the previous year. Delivery sales account f...

Joint ventures and partnerships by some of Russia’s leading ecommerce retailers is evolving the channel’s service levels. Alibaba and Yandex are forming partnerships with various companies to develop their online shopping offer and improve their services. Such a move is encouraging competing ecommerce retailers in Russia, such as Ozone, to enhance theirs too. Alibaba signs strategic partners...