Russia news

10 July 2013
With X5 Retail Group making the headlines recently, we round up three stories from one of Russia’s leading retailers. Hypermarket expansion In line with its plans to grow sales by 11% in 2013 and open up to 900 stores, X5 has outlined plans to open three or four hypermarkets and rebrand an existing store in Moscow in the second half of 2013. Although expansion was expected to focus mor...
10 July 2013
Russian retailer Magnit has announced unaudited first half sales growth of 31.5% for the period ending June 2013. Strong Q2 and first half Having outperformed X5 for the first time in Q1 2013, Magnit has posted a strong overall performance for the first half of the year. Total sales grew 31.5% to RUB 273bn (€6.5bn). LFL sales increased 5.3%, driven by a 5.7% rise in average basket spe...
10 July 2013
Couche-Tard’s total merchandise and services revenues in the fourth quarter increased by 9.3% to $1,766m, with net earnings increasing by 24.3% to $146.4m. For the full year, merchandise and service revenues increased by 15.1% to $7,596m, with net earnings up 25.2% to $572.8m. Investing in its European operations to drive efficiencies and growth These results are the first set to incorpor...
05 July 2013
In order to attract new shoppers, Azbuka Vkusa, a premium supermarket chain, is expanding both its range and its store portfolio. Growing store portfolio Azbuka Vkusa is planning on opening 18 new stores in 2013, with around five of them being opened in St. Petersburg. Expansion will also include locations outside of Moscow and St. Petersburg. This announcement follows suggestions earlier ...
01 July 2013
Over the last week, Metro has revealed a new cooperation with Carphone Warehouse, alongside management changes in Romania and further investment in Russia. Further investment in Russia Speaking at the International Economic Forum in St Petersburg, Olaf Koch said Metro plans to expand its cash & carry network in the eastern regions of Russia. The group will invest an unspecified amount...
25 June 2013
Magnit is in talks to form a partnership with Rosneft to operate stores on its forecourts, according to press reports. Potential joint venture Although the deal is yet to be confirmed, it is thought that the joint venture between Magnit and Rosneft will see Magnit convenience stores opening at Rosneft’s 1,800 petrol stations. Increase sales and maintain market leader position As...
11 June 2013
Russian retailer X5 Retail Group has revealed its plans to upgrade its Perekrestok format. New sections added Selected Perekrestok supermarkets will benefit from an undisclosed investment which will see the new sections added to the existing stores. 36 outlets will feature a ‘Farmer’s Market’ section which will offer dairy products and meat sourced from local farmers. Some stores will als...
10 June 2013
The purchase of 12 City stores from Turkish based ENKA Group by Rewe Group has been approved by the Russian competition authority. Billa expansion The 12 new stores, which are located in the Moscow area, will be rebranded into the Billa supermarket fascia and will be integrated into its existing distribution network. Following growth of 32% in 2012, Russia is regarded as one of the most...
05 June 2013
China , the world’s biggest food and grocery market, is valued at more than US$1tn and is forecast to be worth US$1.5tn in 2016, according to our latest figures. Our research also found: The US grocery market will remain the second largest globally and is predicted to be worth US$1.1tn in 2016. We expect growth to accelerate from a compound annual growth rate (CAGR) of 3.6% between 2010...
04 June 2013
The French retailer, Auchan, has announced plans to finish its re-branding project by the end of 2013, following the opening of its first converted Real store in Russia. First re-branded store now open Following the purchase of 16 “Real” stores from Metro Group last year, Auchan  has opened its first re-branded store in Moscow this week. The retailer plans to have re-branded the remaini...