Russia news

23 October 2015
Following reports that Auchan is developing a convenience banner in Russia, and last month's announcement of new stores in Vietnam, we look at its expansion plans elsewhere in Europe and in Africa. Testing convenience in Russia According to the Moscow Times the chief executive of Auchan Russia, Wilhelm Hubner, said the retailer has already opened four convenience stores in the Russian ...
08 September 2015
X5 Retail group has nominated a new CEO ’s Igor Shekhterman, while Stephan DuCharme will return to the Company’s Supervisory Board as its Chairman. Under Stephan Ducharme's management, X5 has successfully introduced a new Pyaterochka store concept and expanded this core store format in regions. New CEO - Igor Shekhterman X5 Retail Group today announced that Stephan DuCharme has decided t...
01 September 2015
Auchan has reported a 3.4% increase in consolidated revenue, to EUR26.9bn, for the first half of 2015 (+2.0% at constant exchange rates). The French business remains a concern however, with revenue down 2.9% in the home market.   "Difficulties in France" as large stores struggle Auchan reported a fall of 3.2% in hypermarkets' and 2.7% in supermarkets' revenues. Auchan expects the allianc...
24 August 2015
Chinese grocery sales are set to grow by a third between now and 2020 and reach US$1.5tn per year, according to our latest forecasts. China will comfortably retain its position as the largest grocery market although others will grow faster. Highlights from IGD’s latest sales projections include by 2020: The grocery sector in India will grow by nearly 80% and be worth just over US$900...
06 August 2015
Metro Group’s 9M 2014/2015 and Q3 2014/2015 show promising development at Metro Cash & Carry which has reported eighth consecutive quarter with like-for-like sales growth, positive development in Spain and Italy, and cost control in Russia. Media Saturn’s like-for-like sales growth remained positive, but significantly slowed down, while Real’s performance in Germany has not improved. Group...
22 July 2015
Finnish retailer Kesko has released its first half results for 2015, revealing that total net sales decreased by 4.2% to €4.31bn, although overall profitability improved significantly. Grocery performance also negative The retailer’s grocery performance was better than its total business, although sales still declined by 2.2% to €2.25bn and grocery profitability was also impacted. Mo...
14 July 2015
As Couche-Tard reports a strong fourth quarter, we review the outlook for the year ahead. Q4 provided solid foundation for busy work program The year ended strongly for Couche-Tard, with the retailer’s merchandise and service revenues increasing by 12.4% to $2.0bn in the fourth quarter. This was supported by the acquisition of The Pantry, which was completed in March. Same-store sales wer...
08 July 2015
A drop in purchasing power, increased regulation in the retail market and ongoing investment by foreign grocers – these are the key developments which we spotted during our recent trip to Russia. Banned imported products swiftly replaced Russia has officially extended an existing ban on the import of fruit and vegetables from Europe for one more year. As bad as the ban sounds, it will not b...
27 May 2015
Kesko, Finland’s second largest grocery retailer has unveiled a new strategy, targeting ‘profitable growth’ in grocery. Primary ambition is to address market share Kesko’s primary ambition is to turn 'market share around in Finland in 2015' . €1bn investment in supermarkets and convenience stores As part of its plan to address market share challenges, Kesko is to invest €1bn in ...
13 May 2015
Majid Al Futtaim, which operates Carrefour hypermarkets and supermarkets under a franchisee agreement with Carrefour in Middle East and Central Asia, is exploring the  opportunity to launch Carrefour hypermarkets in Russia. The first store could be open in the city of Kazan. Majid Al Futtaim sees opportunity in Russia's regions Whereas Carrefour found Russia challenging, Majid Al Futtaim...