Russia news

18 July 2016
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...
12 July 2016
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...
16 May 2016
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...
05 May 2016
Discounters across Europe including Aldi Sud, Aldi Nord and Biedronka are opening doors to branded manufacturers and listing more of their brands, while branded manufacturers are increasingly willing to list their product on discounters’ shelves. Why is that? Nestle, P&G and Unilever at Aldi Nestle and P&G in Germany have cooperated with Aldi Sud for a while, however, the number of SKUs...
27 April 2016
In this update, we look at what happened at retailers across the region in the first quarter of 2016, including investment plans, online developments, merger & acquisition activity and changes at the top. INVESTMENT PLANS & NEW STORES Poland • Carrefour is to launch 150 new stores with a focus on the convenience channel and invest €61m in store modernisation in 2016. • Jerónimo ...
19 April 2016
Auchan is investing RUB17bn (around EUR224m) in the Russian market in 2016, said director of hypermarkets Oleg Alkhamov. Will open nearly 50 new stores Following the successful transfer of the Real hypermarkets, Auchan still considers Russia a strategic market for expansion despite its challenges. This investment will drive store expansion. The majority of stores will open under the Ata...
11 April 2016
SPAR International saw global sales rise by 3.5% in 2015 to €33.0 bn, which it said was its ‘ strongest in five years ’ and driven by the growing pace of recovery in Europe and expansion of the SPAR brand in emerging markets. Results ‘ show… continuing strength and attractiveness of SPAR brand ’ By region, SPAR International highlighted some specific countries where it had enjoyed particula...
01 April 2016
The new President of Dixy Group Sergey Belyakov is reinforcing its management with experts working for discounters like Biedronka and Lidl. Top management strengthened by ex Jeronimo Martins managers In March 2016, he appointed a new CEO, Pedro Manuel Pereira Da Silva who was for 16 year as CEO of Jeronimo Martins in Poland (Biedronka). The Board of Directors also approved the appo...
14 March 2016
Auchan Holding has reported a 1.5% growth in consolidated revenue for 2015, excluding tax, to EUR54.2bn (+1.7% organic and excluding fuel). Operating profit was up 5.5%. Asia and CEE key to growth In October 2015, Auchan streamlined its organisation to improve performance, and this contributed to what management board chairman Wilhelm Hubner called "a year of transition." He pointed...
12 February 2016
Finland’s S Group has released its 2015 results, reporting a 3.4% decline in sales excluding tax to €10.8bn, while grocery sales in Finland dropped by 0.3% to €6.5bn. Lower prices are long-term strategy The retailer advised that cost savings have allowed it to lower grocery prices, which have ‘considerably increased S Group’s customer and sales volumes’ , while ‘ the price reductions ...