Russia news

20 November 2013
Metro AG is reviewing a partial initial public offering of its Russian Cash & Carry business to fund further expansion. Raising funds to secure further growth In a statement, the retailer revealed ‘The Russian Cash & Carry business is one of the most remarkable success stories in the history of the group.[...] In future, we intend to further tap into the still strong Russian market growth ...
19 November 2013
Auchan intends to open 10-14 hypermarkets in Russia next year, according to the Kyiv Post. Agreements already signed for ten stores Jean-Pierre Germain, director general of Auchan Russia, revealed the plans in a press conference in Moscow on 18 November. There are already agreements in place for three Auchan hypermarkets, three Auchan City hypermarkets and four stores under the Nasha ...
07 November 2013
In the past few days, Metro has revealed management changes in China, alongside new online developments in Germany and Russia. Going online in Russia At the beginning of November, Metro Cash & Carry Russia has unveiled a new online shop for office supplies. The service will be aimed at small and medium enterprises with a product range consisting of over 5,000 SKUs of office and cleaning s...
22 October 2013
X5 Retail Group has begun to roll out its new discount concept in the Central, North-West and Ural regions of Russia. Nationwide rollout The improvement initiative was launched on 1 October 2013, unveiling plans to renovate almost all Pyaterochka stores within two years. The first three stores were launched at the beginning of October in St Petersburg, Yekaterinburg and Perm. More than 80...
22 October 2013
One of the largest Russian grocery retailers, X5 Retail Group, plans to open up to 200 new compact hypermarkets predominantly in towns with a population between 50,000 and 100,000 people. Focus on premium shopping experience The sales area of the new compact hypermarket will be reduced from 10,000 to 4,500 sqm. The store will carry 15 to 25,000 SKUs with a focus on ultra-fresh produce, in...
18 October 2013
Finnish S Group has released its results from January to September this year, with sales of €8.4bn. Strong grocery sales drive overall growth Overall, sales increased by 1.5%. Strong growth in grocery compensated for weaker growth elsewhere in the organisation. Sales in consumer goods declined by over 1% and sales in department stores declined by 7.5%; while grocery sales increased by 4%. S ...
17 October 2013
Metro Group has announced that it has met its sales target for its short financial year, running from 1 January to 30 September 2013, with sales of €46.3bn. 'We are on the right track' says CEO Metro's sales for the short year* were slightly below the 9M 2012 level of €47.4bn, due to difficult trading conditions in Europe, the sale of Real in eastern Europe and negative currency effects. ...
11 October 2013
SPAR International has announced that it has granted two new licences in Russia that will see the brand expand in the Altay Republic and the Kaliningrad region. New licences add to expansion opportunities in Russia The two new licences, for the Anix chain of stores (Altay Republic) and the Semya Group (Kaliningrad region), means that SPAR International has added five licences for Russia in th...
11 October 2013
X5 Retail Group has reported consolidated sales growth of 6.6% for the third quarter of 2013, driven primarily by expansion in sales area, price inflation, and a positive performance from maturing stores. Strong expansion at Pyaterochka X5 added a net 156 new stores in Q3, of which 96% were Pyaterochka stores. Overall, net sales area was up 11.5% year-on-year, and by 16.9% at Pyaterochka....
23 September 2013
The owner of Russia's Sedmoy Continent is preparing to sell the retailer, with X5 Retail Group in the running to acquire it, according to Russian press reports. Selling management company and rights to rent stores According to reports in The Moscow Times and Kommersant, Sedmoy's owner Alexander Zanadvorov is preparing to sell its management company and the rights to rent 130 of its st...