Russia news

16 January 2020
Metro Group has reported sales growth of 2.2%, with same store sales up 1% compared to last year. Positive performance across most markets Metro Group saw Q1 sales hit €7.5bn, with strong growth in many of its markets. In Asia, sales were up by 3.2%, in part driven by positive currency effects. In Eastern Europe, same store sales increased by 5% and in Western Europe (excluding Germany), sa...
17 December 2019
We round up news from SPAR International partners in Austria, Gran Canaria and Russia as they invest in their store network and information technology. Austria: to open 20 new SPAR Express forecourt outlets In Austria, SPAR has announced it will open 20 new SPAR Express forecourt outlets across the country, over the next 14 months. The retailer has redesigned the layout of the new stores, w...
13 December 2019
With the upcoming disposals of the Chinese operations and Real, Metro Group will be better placed to focus on its core wholesale business. Disposals underway The sales of Metro China has been confirmed, with partner Wumei taking a majority stake. Metro Group is expected to receive over €1bn in net proceeds once the deal is completed. Metro has also confirmed that it is in exclusive talks ov...
05 December 2019
German hypermarket retailer Globus is planning to expand further across Russia. Steady expansion Since entering Russia 13 years ago, Globus has expanded its footprint and now operates 15 stores in the greater Moscow area. The German retailer has enjoyed success in the market with sales growing 6.4% in 2018/19 in local currency, to a turnover of RUB 107bn. Its stores are currently all locate...
28 November 2019
As Auchan continues to evolve its strategy, we round up news from the retailer. Auchan appoints new managing director in Russia Auchan has appointed Johannes Tholey as managing director of Auchan Retail Russia. In recent role Tholey has been the managing director for Globus in Russia, from 2009 to 2016, and has been a board member of X5. Announcing the appointment, Auchan said it expects ‘ ...
31 October 2019
In October 2019 we attended X5 Retail Group’s capital market day in London to learn about its plans for the future of the business. The retailer announced ambitious targets to double its market share to around 20% by 2029, with 50% of its revenue being generated in its digital businesses. X5’s 2029 vision is to almost double market share The retailer plans to reach a market share to 20% by ...
06 September 2019
Auchan Retail generated revenue of €22.7 bn in the first half of its financial year, a fall of 2.4% at current exchange rates and by 0.4% at constant exchange rates. On a like-for-like basis, Auchan Retail said revenue fell by 0.8%. The retailer reported the performance of its operations in 12 countries, i.e. excluding Italy and Vietnam, and had restated them due to its concession agreement with ...
05 September 2019
European retailer alliance EMD has announced plans to launch a data sharing platform that will give branded manufacturers visibility of sales data from a selected number of its members. Platform to launch in 2020 EMD said the platform, which it is creating in conjunction with AC Nielsen, will provide sales data from companies like ESD Italia, Euromadi Spain, Globus International, Kaufland a...
05 August 2019
Mail.ru formed a joint venture (JV) with state-run bank Sberbank to create a leading Russian O2O (online-to-offline) services platform focused on food and transportation. This follows the signing of a joint venture between Mail.ru and Alibaba in 2018 that will help the former create a Russian-owned online retail ecosystem . What is a retail ecosystem? This is a new model in ret...
26 July 2019
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...