Russia news

18 July 2014
SPAR International is going to expand in the Kaliningrad region. Great news for almost a half million inhabitants who tend to do their monthly shopping across the border in Poland, as well as presenting good prospects for the retailer. A new franchisee - Semya Group SPAR International which entered a franchisee agreement with the Kaliningrad-based retailer Semya Group in October 2013, has o...
10 July 2014
Magnit is looking into omnichannel, and will equip all its convenience stores with bank card payment readers. The retailer has reported a solid revenue growth of 27.9% in H1 2014 and has accelerated expansion of Magnit Kosmetik drugstores. E-commerce banner? Magnit has recently introduced a mobile application in the Altai region (Siberia) which allows users to find the nearest shops, find o...
03 July 2014
Auchan in Russia is penetrating tier 4 cities in Russian regions, a strategy which proved successful in China. With its new compact hypermarket concept Nasha Raduga, Auchan will attract shoppers with a limited product range, wide private label assortment and EDLP pricing strategy. Indeed, hypermarket operators in Russia have to approach regional cities with a different store concept from those la...
30 June 2014
Metro has finalised the divestment of its Real stores in Turkey, as the retailer's focus continues to be placed on its profitable markets including Russia, where preparations have begun to list its Cash and Carry business on the stock market.   Divestment of all 12 hypermarkets Metro has sold its Real hypermarket network in Turkey to supermarket operator Haci Duran Begendik, for an undisclosed ...
20 June 2014
X5 Retail Group will refurbish Perekrestok supermarkets, merge Perekrestok and Perekrestok Green supermarkets to one single banner and open new Perekrestok supermarkets under a new, convenience oriented store concept. One single Perekrestok banner X5 will merge its Perekrestok supermarkets and up-market Perekrestok Green supermarkets under one single brand Perekrestok, while the first new...
02 June 2014
As Russia’s retailers move further east, we assess how they are expanding their store networks and investing in logistics facilities in Siberia.  Magnit and Lenta conquering Siberia Magnit and Lenta, along with a local chain, Holiday Klassik, will be the key retailers in the region in the future. Their market penetration in the region will grow faster than those like X5 and Auchan, while ...
27 May 2014
SPAR International has announced its annual sales for 2013 saying globally sales rose by 4.1%, on a constant currency basis, to €32.2 billion, aided by ‘ sustained global expansion ’. Growth maintained by ‘ strategic focus ’ The retailer said that during 2013 it had enjoyed solid global growth as a ‘ result of a significant strategic focus for the brand on new and emerging markets ’ and put a...
19 May 2014
Boots’ full year results revealed a revenue increase of 4.3% to £23,367m, while trading profit increased by 0.4% to £1,270m. Boots attribute its flat line growth to increasingly competitive markets. Health and beauty division sees stable performance Boots’ health and beauty division reported solid revenue up 2.4%, to £7,662m. The UK market accounted revenue of £6,697m, up 2.2%, with...
30 April 2014
As O’Key announces first quarter results and expansion plans and X5 makes a further acquisition we round-up news from the Russian market. O’Key sees revenue rise by 12.6% in Q1 O’Key said that in its first quarter revenue had increased by 12.6% year-on-year to reach RUB35.1 billion (US$982.0 million). The retailer said that like-for-like sales had risen by 4.1%, driven by a 6.3% increase in s...
24 April 2014
Finnish S Group has released its results for the first quarter of 2014, revealing total sales of €2.6bn. Grocery sales grew by 5% to €1.6bn. Supermarkets grew by 3.9% During the time period, sales in supermarkets grew by 3.9% versus last year. This ‘includes the grocery and consumer goods sales of Prisma, S-Market, Sale and Alepa stores and Kodin Terra and S-Rauta hardware stores, as well a...