Russia news

France-based Auchan announced its 2019 full year results, saying revenue at its Retail division fell by 1.4%, at current exchange rates, to €45.8 bn. It noted that revenue had increased in nine countries where it operates stores, but declined in France and Russia. The numbers… By division, Auchan said its Retail had seen: Total sales: fell by 1.4%, at current exchange rates, to €45....

Technology and retail companies in Central and Eastern Europe are investing in online retailing. We are seeing developments in Russia, Turkey, Czech Republic and Hungary. Retailers are innovating in logistics and fulfilment services to offer shoppers convenience and to underpin attempts to drive profitability. Meanwhile, companies more widely are investing in services that enable shorter deliv...

Metro Group has reported sales growth of 2.2%, with same store sales up 1% compared to last year. Positive performance across most markets Metro Group saw Q1 sales hit €7.5bn, with strong growth in many of its markets. In Asia, sales were up by 3.2%, in part driven by positive currency effects. In Eastern Europe, same store sales increased by 5% and in Western Europe (excluding Germany), sa...

We round up news from SPAR International partners in Austria, Gran Canaria and Russia as they invest in their store network and information technology. Austria: to open 20 new SPAR Express forecourt outlets In Austria, SPAR has announced it will open 20 new SPAR Express forecourt outlets across the country, over the next 14 months. The retailer has redesigned the layout of the new stores, w...

With the upcoming disposals of the Chinese operations and Real, Metro Group will be better placed to focus on its core wholesale business. Disposals underway The sales of Metro China has been confirmed, with partner Wumei taking a majority stake. Metro Group is expected to receive over €1bn in net proceeds once the deal is completed. Metro has also confirmed that it is in exclusive talks ov...

German hypermarket retailer Globus is planning to expand further across Russia. Steady expansion Since entering Russia 13 years ago, Globus has expanded its footprint and now operates 15 stores in the greater Moscow area. The German retailer has enjoyed success in the market with sales growing 6.4% in 2018/19 in local currency, to a turnover of RUB 107bn. Its stores are currently all locate...

As Auchan continues to evolve its strategy, we round up news from the retailer. Auchan appoints new managing director in Russia Auchan has appointed Johannes Tholey as managing director of Auchan Retail Russia. In recent role Tholey has been the managing director for Globus in Russia, from 2009 to 2016, and has been a board member of X5. Announcing the appointment, Auchan said it expects ‘ ...

In October 2019 we attended X5 Retail Group’s capital market day in London to learn about its plans for the future of the business. The retailer announced ambitious targets to double its market share to around 20% by 2029, with 50% of its revenue being generated in its digital businesses. X5’s 2029 vision is to almost double market share The retailer plans to reach a market share to 20% by ...

Auchan Retail generated revenue of €22.7 bn in the first half of its financial year, a fall of 2.4% at current exchange rates and by 0.4% at constant exchange rates. On a like-for-like basis, Auchan Retail said revenue fell by 0.8%. The retailer reported the performance of its operations in 12 countries, i.e. excluding Italy and Vietnam, and had restated them due to its concession agreement with ...

European retailer alliance EMD has announced plans to launch a data sharing platform that will give branded manufacturers visibility of sales data from a selected number of its members. Platform to launch in 2020 EMD said the platform, which it is creating in conjunction with AC Nielsen, will provide sales data from companies like ESD Italia, Euromadi Spain, Globus International, Kaufland a...