Russia news

21 October 2014
While the ban on imported products has presented EU suppliers and manufacturers with a challenge, Russian retailers do not see it as a significant problem and remain positive in their outlook of the new market situation. New opportunities are arising for foreign suppliers in non-EU countries and domestic retail players may slow down store development in 2015. The Russian government imposed a o...
17 October 2014
X5 Retail Group has launched a new Perekrestok supermarket concept in Moscow and acquired a local chain in the Samara region. New supermarket concept After a successful relaunch of Pyaterochka discount store concept ( see photos here ), X5 Retail Group has launched a new Perekrestok supermarket concept in Moscow. The store concept has a new outdoor design including an updated logo, improv...
29 August 2014
Auchan has reported consolidated revenue growth (ex. taxes) of +16.1% for the first half of 2014. Highlights included full consolidation of Chinese subsidiary Sun Art Retail, and commencement of integration of the Real hypermarkets in Poland. Main growth driver is expansion in Eastern Europe and China Revenue would have been up by 4.9% excluding the impact of the full Chinese consolidation...
14 August 2014
Finnish S Group has released its first half results, reporting sales of €5.5 billion. Sales in the retailer’s supermarket business increased by 1.2% to €3.8bn, while international grocery sales increased by 9% to €270m. Finnish sales impacted by tax rise Commenting on the results, S Group’s CEO Taavi Heikkilä said ‘Consumers' purchasing power has diminished and will continue to weaken, mainly ...
11 August 2014
Finland’s largest grocery retailer, S Group has revealed that the ban on food imports from the European Union will likely affect the retailer’s performance in Russia. Over 25% of range imported from EU The retailer currently operates 17 Russian supermarkets and hypermarkets and it is thought that over 25% of the range stocked in its Russian stores is imported from Finland and other EU m...
07 August 2014
Russia has announced plans to ban food imports from the United States, the European Union, Australia, Canada and Norway. This step is likely to have a disastrous impact on farmers in Poland, but will offer new opportunities for those in non-EU countries like Serbia and Kazakhstan. The development is likely to cause issues for Germany-based Metro Group, but we expect France's Auchan may be less af...
31 July 2014
As a reaction to the EU sanctions, the Russian government has banned the import of some products from the EU. While Polish farmers, McDonald’s and German retailers like Metro Group and Globus may be affected, German food producers had already diversified the risk by seeking new opportunities outside Russia. The second half of 2014 and 2015 will be a tough period in the Russian retail market a...
31 July 2014
Metro Group is testing new concepts and initiatives in-store in its international markets in order to meet the evolving needs of customers.  Metro Ukraine re-launches large formats stores Metro Ukraine has renovated nine of its larger format stores. Core changes include – segmentation of the children’s category, including baby essentials like nappies and baby food, placing a greater fo...
23 July 2014
How Auchan is growing smaller formats, franchise, digital, and new retailer partnerships across France, Russia, Portugal and Spain. Auchan to sell Waitrose products in Portugal Auchan and Waitrose have signed a deal which will allow the latter to sell its products in six Auchan stores in Lisbon and the Algarve. The 100-strong range is likely to appeal to holidaying Britons in these popular P...
22 July 2014
Finnish retailer Kesko has released its half year results for the six months ending June 30th 2014, reporting a 1.8% drop in net sales to €4.5bn. Results impacted by economy, consumer demand and exchange rate changes The retailer cited the decline in performance to the ‘general economic situation and consumer demand in Finland and exchange rate changes’ . International sales grew whil...