Russia news

Finland’s Kesko has released its 2017 first half results, reporting that group net sales increased by 17% to €5.4bn in local currencies. Excluding acquisitions and divestments, sales increased by 1.2%, while comparable operating profit rose by 1.6% to €113.2m. Grocery sales +5.0% In the grocery division, which represents 47% of the Kesko business, sales increased by 5.0% to €2.6bn, driven b...

Finnish market leader S Group has reported its results for the first half of 2017, highlighting that sales excluding tax increased by 2.4% to €5.5bn. The retailer’s grocery sales in Finland increased by 1.6% to €3.4bn, driven by continued price cuts, particularly in Finnish produce. Commenting on the results, CEO Taavi Heikkilä said, ‘Our grocery sales continued to outperform the general mark...

X5, Magnit, and Dixy will expand their store offer in 2017 with the addition of instore pharmacies across their network. Such a move is expected to drive footfall, broaden shopper mission for their customers, and raise average basket spend. This will be due to the expanded assortment of health and beauty and consumer health products and the relatively higher ticket item spend that comes with thes...

X5 announced in its 2016 annual report that it will invest in the roll out of its Regional Supermarket model in the Urals and Siberia, and follows a pilot of the model in 2016. The focus of the model is to reduce store SKUs down to 8,000, focus on local and value-priced ranges, and maximise selling space to between 65%-70%. X5 expands distribution centres In 2016 X5 opened six distributio...

SPAR International has released its 2016 results, reporting that sales increased by 4.5% to €33.1bn. The retailer, which has a presence in 44 countries, stated that record performance ‘ was driven by a combination of like-for-like organic growth, successful acquisitions and new country expansion’ . Regional performance breakdown In Western Europe , which accounts for the largest share of s...

Three of the largest Russian retailers, X5, Magnit, and Lenta have released their Q1 2017 results. We look at the retailers’ performance and their expansion plans for the year ahead. X5 maintains dynamic growth in 2017 X5 continues to enjoy a robust performance, with a 26.4% growth in net sales in Q1 2017. X5 sales were driven by a 7.3% like-for-like sales growth and the opening of 639 Pyat...

Top Russian retailers Magnit, X5, Dixy, and Lenta reported double-digit sales growth in 2016. We look at what’s driving this and provide our outlook for 2017. Magnit store expansion drives sales growth as like-for-like stagnates Magnit opened almost 2,000 net new stores in 2016 to drive a 13.1% increase in sales revenue. But the Russian retailer closed over 450 stores and reported a 0....

X5 announced plans in implementing its bold growth strategy across Russia. Learn about the strategies that X5 will use in 2017 to support its plan. X5 to create a Coop-Pyaterochka brand for rural Russia X5 signed a five-year cooperation agreement with the Central Union of Consumer Societies of the Russian Federation (Centrosoyuz) to open 1,000 new stores in remote rural areas under the join...

As part of separate announcements, Auchan has said it will increase the pace of its investment in Russia, while it was aiming to launch a new private label beauty brand and, according to a report in trade publication LSA, a mobile payment app in France. Auchan to increase investments in Russia for 2017… Following on from its announcement in Q4 2016 that it was aiming to invest between RUB...

We look at the top domestic Russian retailers Magnit and X5 and their ambitious growth strategies. We review their aim to take hold of the top spot and present our expectations for 2017. X5 out-performs top Russian Retailer Magnit Market leader Magnit, reported a 13% growth in 2016 sales. In the same year, it was outperformed by X5 at 27%. X5’s performance was driven by its dynamic in...