Russia news

15 October 2020
Metro generated like-for-like sales showing a slight contraction, of just 0.5%, in its fourth quarter. The company said a recovery in HoReCa sales and a ‘ positive sales development ’ in Germany, Russia and Eastern Europe had underpinned its improving performance. Strong recovery in key markets Metro said like-for-like sales had turned positive in Germany, Russia, and Eastern Europe, which ...
02 September 2020
As it looks to build on the positive performance in H1, Auchan has rolled out programmes across its operations in Europe as it embeds its Renaissance initiative and focuses on its Auchan 2022 strategy. Auchan extends partnership with OMV Petrom Auchan and OMV Petrom have announced an extension to their partnership, which will see the addition of further MyAuchan convenience stores on the la...
01 September 2020
Auchan has released first half results which it says show a ‘ significant improvement in profitability ’, which has been helped by the implementation of its Renaissance initiative. The retailer reported that while total sales fell by 1.8%, group EBITDA increased by 14.9%, with its EBITDA margin reaching 5.6%. Revenue growth seen in most markets Auchan reported revenue fell by 1.8%, at curre...
06 August 2020
In its Q3 2019/20 results, Metro reported a 17.5% decrease in like-for-like (LFL) sales, compared to the previous year, driven by the Coronavirus (COVID-19) pandemic and its negative impacts on the hospitality sector. However, as of July this year, Metro noted that sales had recovered to the previous year’s level in its Hotels, restaurants and catering (HoReCa) division. Germany: like-for-like...
30 June 2020
As Auchan looks to turnaround its performance in a key market, we look at developments from the retailer. Auchan sees revenue fall in Russia… Local press reports on the retailer’s revenue in the country suggested Auchan saw its sales fall by 6% in 2019, with net profit falling further as it invested in the business to turnaround its performance. The results underline the challenging nature ...
28 May 2020
We round up developments from the retailer in France, Portugal, and Russia. Auchan France extends Decathlon trial Beginning 17 April, an Auchan hypermarket in the suburbs of Orléans, in Saint-Jean-de-la-Ruelle trialled a collaboration with sporting goods brand Decathlon, which is part of the wider Mulliez Group, which owns both brands. The trial proved to be a success, leading the retailer ...
22 May 2020
A partnership between technology company, Zippin, Visa, Russian bank, Sberbank, and retailer Azbuka Vkusa has led to the launch of the country’s first checkout free store-in-store. The concept, named Zippin Cube, is similar to the just walk-out concept of Amazon Go in the US, but with a significantly smaller sales area. It was set up in an Azbuka Vkusa store in Moscow. The Zippin Cube ...
26 March 2020
In reaction to the Coronavirus (COVID-19) pandemic, Russian retailers and the government have started implementing several measures to slow the spread of infection. All non-essential stores in Moscow will temporarily close Moscow’s mayor announced measures to restrict the movement of people in the city by closing non-food stores, cafes and shopping malls for one week. The closures will begi...
16 March 2020
VkusVill appeared on the international retail radar following its announcement in March 2020 that it plans to enter the Netherlands and France. The retailer has managed to grow fast, reaching the highest ranks of the Russian grocery retail market, and now has ambitions to expand internationally. We investigate the strategies that have enabled VkusVill to sustain double or even triple-digit sto...
10 March 2020
France-based Auchan announced its 2019 full year results, saying revenue at its Retail division fell by 1.4%, at current exchange rates, to €45.8 bn. It noted that revenue had increased in nine countries where it operates stores, but declined in France and Russia. The numbers… By division, Auchan said its Retail had seen: Total sales: fell by 1.4%, at current exchange rates, to €45....