Russia news

31 August 2021
ELO, the new name for Auchan Holding, reported H1 revenue fell by 0.5%, at constant exchange rates, to €15.11 bn. However, its EBITDA rose 12.5%, again at constant exchange rates, to €757m, with its margin reaching 5.0%, up from 4.4% in the same period in 2020. In relation to Auchan Retail, turnover fell 2% on a like-for-like basis, excluding petrol and exchange rate effects, but including a 0...
29 July 2021
Metro Group has published Q3 results and announced it has raised its outlook for sales and EBITDA for its 2020/21 financial year due to ‘ better than expected business development since the easing of restrictions ’. Like-for-like sales up by 15% in Q3… Metro reported total sales were up by 12.2% to €6.2 bn, while sales in local currency and like-for-like terms rose by 15.4% and 15.0% respec...
09 June 2021
As Auchan Poland launches the Drive format in the country, adds Decathlon’s products in a further country and expands its B2B service in Russia, we round up news from the retailer. Auchan launches Drive format in Poland… Auchan Retail Poland has launched the Auchan Drive service in the country at the Auchan Poznan Komorniki store. Shoppers, from the beginning of June, have been able to orde...
19 May 2021
Magnit has reached an agreement with the Dixy Group to acquire its Dixy and Megamarket stores. The network amounts to 2,612 convenience stores and 39 supermarkets, which are supported by five distribution centers. On the acquisition’s completion, it is forecast to boost Magnit’s 2021 sales of RUB1,780 bn (US$24.1 bn) by up to RUB300 bn (US$4.7 bn), a 17% increase. Magnit closes the gap on X5… ...
23 April 2021
Although the company was able to report its sales and earnings were within guidance expectations in the first half of its financial year, Metro has updated its guidance for its 2020/21 financial year. The decision to update its guidance came as restrictions implemented as a result of COVID-19 continued to be implemented and impact on its performance. On-going restrictions impacting on performa...
20 April 2021
The convenience channel remains a great opportunity for growth. We have published a series of new reports for our IGD Retail Analysis subscribers: The convenience channel’s global outlook Global growth opportunities Multiformat retailers trading convenience stores Below are some of the key highlights to help you plan for the future... Use IGD’s view to drive change...
16 April 2021
Leading discounters in Europe are developing their format and offer as they look to attract shoppers from other channels. This is seeing them evolve to be more like supermarkets, leading them to adjust their ranges, locations and adding value to compete beyond a solely price-focused strategy. However, in Russia, the discount format is taking a different trajectory. While some are evolving towa...
01 April 2021
Magnit is in the middle of a business transformation programme. It is implementing six strategies to turn around its business and as it looks to support its dynamic growth strategy, and compete with other leading retailers in Russia. Since 2018 the retailer has reported an improving sales performance with a sales CAGR of 11.4% between 2018 and 2020, when compared to a 6.7% rate for the p...
25 March 2021
As part of its Capital Markets Day event in March 2021, Lenta announced it is to expand its small format network and online presence as it aims to double its revenue, to more than RUB1 tr (US$13.2 bn) by 2025. The aim is to capture a higher share of consumer spend through new channels that target a wider range of shopper missions, while still enabling it to focus on its core hypermarket busines...
16 March 2021
A.S. Watson Group, the world’s biggest international health and beauty retailer, has recently announced its refreshed social purpose and 2030 vision for sustainability. Commitment to ‘put a smile on our customers’ faces’ Since the A.S. Watson Group is operating on a massive scale globally, it is determined to take stronger responsibility towards the customers they serve, as well as the envi...