Russia news

18 September 2013
Kuisma Niemelä has resigned from his position as CEO of S Group. Retailer seeks CEO to execute new strategy Having been appointed as CEO of S Group in 2010, Kuisma Neimelä has resigned from his position. His resignation has been accepted by the Supervisory Board of S Group. Explaining the reasoning behind his resignation, Niemelä commented: “International operators in the consumer goods ...
30 August 2013
Auchan has reported group revenue up 3.4% for the first half of 2013, to €23.1bn, and an increase in EBITDA of 4.4%, to €1,151m. Mixed performance across markets Auchan highlighted the "highly unfavourable economic environment in the euro  zone" which affected its results. The retailer reported a decline in revenue in  France (-0.9%) and in western Europe excluding France (-2.9%). C...
30 August 2013
Russian pharmacy chain 36.6 has announced that it is to sell its stake pharmaceutical manufacturer Veropharm. Reducing debt to open opportunities The company said that selling its 52% stake in Veropharm for 5 billion rubles to GarndenHills will reduce debt. At the end of last year the pharmacy chain’s debt stood at 8.3 billion rubles and Veropharm’s was at 1.5 billion rubles. Proceeds from ...
30 August 2013
Couche-Tard’s first quarter merchandise and service revenues increased by 16.4% year-on-year, driven by the acquisition of Statoil Fuel and Retail in Europe. Same-store merchandise and service revenues increased by 2.7% in the US, 1.9% in Europe and by 0.7% in Canada. Fresh foods initiative and new fuel brand driving growth in Europe Couche-Tard’s acquisition of Statoil Fuel and Retail has...
29 August 2013
Finnish retailer S Group has revealed its first half trading results, with sales increasing by 1.4% to over €5.5bn, as profit declines by 30% to €60.6m. Performance in supermarkets and agriculture contributed to overall growth The supermarket trade, which represents the largest share of S Group’s total retail sales saw sales increase by 3.9% to €3.8bn. 14 new store openings contributed to sal...
02 August 2013
The Russian retailer has outlined its rapid expansion plans for the second half of 2013. At least ten new stores planned The retailer currently operates 62 hypermarkets across 37 Russian cities and is planning to add 10-12 new stores by the end of 2013. Lenta has not stated how much has been invested in this latest expansion plan. Stores are planned for Ulyanovsk, Belgorod, Tomsk, Perm as...
24 July 2013
Dixy, one of Russia’s leading grocery retailers, has announced strong growth in the first half of the year, for the period ending June 2013. Sales grew 23.3% in the first half Dixy have reported that sales increased to RUB 87.4 bn (US $2.8 bn) in the first half, representing 23.3% year-on-year growth. Like-for-like sales grew 4.2% in the half. The retailer opened 108 stores (net) over the...
12 July 2013
The Russian cosmetics and household convenience chain, Ulybka Radugi, has announced it is piloting facial recognition technology at its checkouts. Facial recognition and detecting emotions The retailer said that cameras will be installed at checkouts that will recognise shoppers’ gender, age and emotions to determine their mood. Combining this recognition with purchase records, taken from ...
12 July 2013
O’Key, a leading Russian grocery retailer, has announced its unaudited results for H1 and Q2, ending June 2013. Sales grow 19.3% in H1 O’Key recorded sales worth RUB 64bn (US$ 2.0bn) for the first half of 2013, representing a 19.3% increase compared to the same period in 2012. Q2 sales grew 21.5% year-on-year in 2013, reaching RUB 33.1bn (US$ 1.0mn). Like-for-like sales grew 7.5% for the...
12 July 2013
Unaudited results show that sales have grown by 7.9% at X5 Retail Group in the six months to the end of June, reaching RUB259.4 billion (US$7.9 billion). Convenience stores growing fastest In the first half of 2013 X5’s sales were driven by its Perekrestok Express and Kopeyka convenience store chains, which achieved sales growth of 83%. Supermarkets and hypermarkets recorded sales incr...