Russia news

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...
24 April 2014
Russia-based Dixy has said that in its first quarter the pace of like-for-like sales increased, to 4%, when compared to its fourth quarter results. The retailer said total sales rose 17.8% in the quarter, reaching RUB49.8 billion (US$1.4 billion), driven by like-for-like sales increases, with only 26 net new stores added during the period. Supermarkets drive sales growth in Q1 Dixy enjoyed sa...
24 April 2014
Kesko, Finland’s second largest grocery retailer has released its results for the first quarter of 2014 reporting that total sales declined by 1.4% to €2.1bn, while food sales declined by 3.7% to €1bn. The late Easter affected sales and the retailer performed behind the market The retailer partly attributed declining food sales to ‘the fact that Easter fell in April’ , while acknowledging tha...
22 April 2014
Russia-based hypermarket operator Lenta has announced first quarter results saying sales had risen 37.3% to RUB39.6 billion (US$1.1 billion), driven by strong like-for-like sales that had picked up pace since the fourth quarter of 2014. Retailer sees no changes in consumer behaviour Lenta said that its stores had seen no major changes in shopper behaviour, despite concerns about the market’...
16 April 2014
A round-up of recent news on the French retailer, including expansion in eastern Europe, range developments in Italy, and the return of Simply City to France. Expansion in eastern Europe In Poland, Auchan plans to open between one and two stores per year, after 2015, according to supervisory board president Francois Colombie. To build significant scale, e.g. of around 100 stores, Mr Colo...
11 April 2014
Russia-based Magnit has announced that its sales rose by 24.95% to RUB164.0 billion (US$4.6 billion), with like-for-like sales growth of 7.5% aiding its total sales performance. Good growth seen in all channels Magnit said that it had benefited from strong like-for-like growth in all channels, with a particularly strong performance at its 5,851 convenience stores, where like-for-like sales ro...
11 April 2014
Russia-based X5 has announced first quarter results saying that sales had risen by 13.9% to RUB143.9 billion (US$4.0 billion) driven by a 6% rise in like-for-like sales and nearly 800 new stores added since the same quarter in 2013. Sales growth enjoyed at all banners X5 said that sales growth had been seen at all its banners, with the strongest like-for-like performance seen at its Pyateroc...
10 March 2014
Auchan has revealed consolidated revenue growth of 3.4% for 2013, at constant exchange rates, driven by central and eastern Europe and Asia. France saw revenue fall by 1.1%. Downbeat economy hits euro zone, positive performance in CEE and Asia Auchan said western Europe, excluding France, saw revenue fall by 2.8%, due to the "very downbeat economic environment in the euro zone." A pos...
13 February 2014
SPAR Russia has announced full year results for 2013 saying sales rose by 26% to RUB57 billion (US$1.6 billion). SPAR spotlights 2013’s key successes SPAR said that during 2013 it had added four new partners: SPAR Tomsk (Lama Group), SPAR Altay (TD Anix), SPAR Kaliningrad (Semya Group), and SPAR Bashkortostan (Prodtovary), extending the retailer’s reach in Siberia, the Urals and western Russi...