Russia news

Auchan has reported a 0.8% increase in revenue for the first half to EUR26,106m, at constant exchange rates, driven by expansion and positive sales trends in most of its markets. Consolidated revenue for Auchan Retail was up 0.7% to EUR25,369m (constant exchange rates, excluding fuel and VAT).  Investment to continue in H2 Although the increase in group revenue is small, Wilhelm Hubner, c...

With SPAR International’s global strategy aimed at growing its partners and embedding multi-channel capabilities, we look at developments from operators in Russia, Norway and Georgia, who are driving forward these initiatives. SPAR adding ecommerce service in Norway SPAR’s operator in Norway, NorgesGruppen, has launched ecommerce at the banner, marking the addition of the service at the sec...

As Auchan reveals plans for a chain of drugstores, we look at some of its other format developments in Russia. Lillapois drugstores: 20 in 2017 Auchan Retail Russia opened its first drugstore in a Moscow shopping centre in August 2016. The 200 sq. m store stocks more than 9,000 products. Two more will open by the end of 2016 - close to a metro station and in a residential district - and...

As CST Brands becomes Couche-Tard’s latest acquisition, we look at how deal making has become one the retailer’s key strategies. CST Brands provides unique scale opportunity Couche-Tard has signed a merger agreement to acquire CST Brands for $4.4bn. CST operates over 2,000 convenience stores Texas, Georgia, New York state and Eastern Canada, a major transport fuel distribution company,...

Finnish market leader S Group has revealed its results for the first half of 2016, reporting that total sales excluding taxes rose by 1.7% to €5,336m, while sales in the retailer’s supermarket trade increased by 3.8% to €3,764m. Grocery sales in Finland were a particular highlight, increasing by 4.2% to €3,315m. CEO: flexible hours helped drive footfall & sales Commenting on the results, T...

Finland’s Kesko has revealed its results for the first half of 2016, reporting that Group net sales increased by 7.3% to €4,624m. Acquisition drives performance Kesko’s grocery net sales increased by 8.6% to €2,447m, largely driven by the acquisition of Suomen Lähikauppa. Net sales in local currencies, excluding this acquisition increased by 0.9%, with the retailer’s grocery business ret...

Metro Group has announced Q3 results showing like-for-like sales in line with those in its previous financial year, but with its Cash & Carry division enjoying ’ongoing positive food sales performance ’. Group performance: the numbers At a group level, sales fell by 2.7% in the third quarter, to €13.6 bn, with contractions in the Cash & Carry, of 4.5%, and Real, of 6.0%, while there was gr...

In this update, we look at what happened at retailers across the region in the second quarter of 2016, including market entries & investment plans, new store concepts, online & digital, new technology, efficiency drives and legislation affecting retail. MARKET ENTRIES & INVESTMENT PLANS Lidl • Lithuania – The retailer has entered its 27th market, with 15 stores across nine towns and ci...

Couche-Tard delivered a strong fourth quarter, helping to lift net earnings beyond $1bn for the first time. We review what was behind the retailer’s success and the outlook for the next 12 months as it rolls-out its new Circle K global brand. Lower oil price impacts revenue growth Couche-Tard’s fourth quarter merchandise and service revenues increased by 15.9% to $2.4bn, supported by acquis...

Challenging economic situation in Russia, especially in regions, has affected revenue growth of the market leader Magnit. In the meantime X5 Retail Group has benefited from the new Pyaterochka store concept as well as stores network which has been developed mainly in large cities. Magnit most affected Magnit has reported sales growth of 16.6% to RUB 254.4 bn (USD4.25 bn) in Q1 2016. Company...