Russia news

Russia’s top two retailers, X5 and Magnit, have added small in-store concessions of Post Bank in several stores as part of pilot projects being run by them both. These are in partnership with Russia Post, the parent of the banking service. Capitalising on the traffic generated by post offices and banking services will help both in their attempts to halt their declining or marginally growing like-...

Magnit and X5 have been investing in a range of supply chain initiatives to boost cost efficiencies. This is crucial to both retailers as they look to protect their profit margins, so they can sustain their 1,000-plus annual store opening strategies. From consolidated delivery to various transport modes, we look at how Russia’s top two retailers are looking to benefit. Magnit and X5 opt for co...

Dixy, Bristol and Red & White have decided to merge their retail networks. The combined business is expected to generate revenue of over RUB650bn (US$9.8bn) and operate over 13,000 stores at the end of 2019. The owners of Dixy and Bristol, Igor Kesaev and Sergey Katsiev, will take a 51% share in equity, with Red & White owner Sergey Studennikov holding the remaining 49% stake. Merger places pr...

France-based Auchan has announced that it will not develop its drugstore chain, Lillapois in Russia. It will close one of its two Lillapois stores to focus on its hypermarkets and supermarkets in the country. Auchan will close Lillapois store in Moscow… Lillapois was first launched in the Troika shopping centre in Moscow in August 2016. The assortment included cosmetics, perfumery and perso...

Germany-based Globus opened its 14 th hypermarket in Russia in November 2018. The 22,500 sq m store, in Balashikha near Moscow, is expected to receive seven million customers annually. “Buyers will be able to find everything” The hypermarket in Balashikha offers a large assortment, of 45,000 SKUs, with between 30% and 45% manufactured by suppliers in the Moscow region. It covers all food c...

We look at how Auchan is expanding its online offer in Romania and Ukraine. Romania signs deal with Uber Eats… Auchan Romania has partnered with Uber Eats to supply a special range of restaurant products. The range has been created by chefs Marin Sabau and Sorin Barbu. The range includes 25 traditional Romanian and international dishes. Customers can order the products through the Uber E...

As Carrefour phases out the Easy banner in Belgium, commits to reducing its private label packaging in Poland and expands in Romania, we round up news from the retailer. Carrefour Belgium to rebrand Easy as Express Carrefour will rebrand its 12 Easy stores in Belgium to the Express banner. Spokesperson Baptiste Van Outryve said, “We had previously stopped the expansion of Easy. After the a...

We complete our review of the trends from the Central and Eastern Europe: outlook for 2018 presentation with the third and final trend;  Retailers trialing digital solutions. Retailers test in-store retail innovations and invest in online Retailers across the CEE are investing in digital retail solutions and develop presence in the online channel or optimise in-store operations....

We attended X5’s Capital Markets Day in London to learn about its financial performance in the first nine months of 2018 and 2019 business strategy. X5 sales performance continues to slow down… The leading Russian retailer reported an 18.9% year-on-year sales growth to reach RUB927,482 m (€12,275 m). Its revenue growth slowed down for the third consecutive quarter, decreasing from 25.5% in ...

Metro Group has posted its annual results, recording sales of €36.5bn for FY2017/18. The company also reported an increase in LFL sales of +0.7% compared with last year. Wholesale LFL sales increased by +1.3%... Metro achieved LFL sales growth in Asia (+4.0%), Eastern Europe excluding Russia (6.1%) and Germany (+0.8%). However, Metro Wholesale’s total sales declined by -1.4% to €29.5bn due ...