Russia news

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 ...

Auchan Retail appoints a new president and launches its first pedestrian Drive in France. Meanwhile, the retailer has also announced plans to modernise its stores in Russia. Auchan Retail appoints Bonte… Auchan Retail has appointed Edgard Bonte as its new president, replacing Régis Degelcke. Bonte will also become chairman of the executive board of Auchan Holding. Pierre Büchsenschütz, form...

Chinese ecommerce retailer Alibaba has agreed to take a 10% stake in one of Russia’s biggest tech players, to boost its development in Russia. Alibaba will own 48% of AliExpress Russia Alibaba will own 48% of AliExpress Russia as a result of the deal signed with Russian Direct Investment Fund (RDIF), mobile operator Megafon and internet group Mail.ru. The three Russian companies will have a...

As Auchan looks to continue to embed its Vision 2025 strategy, we look at developments in Hungary, Poland, Russia and Spain where it is investing for the long term. Auchan expanding its private label range in Russia Auchan Russia has relaunched several of its private label products with new packaging to make them stand out on-shelf as part of the evolution of its strategy in the country. Ai...

The leading retailers in Russia, such as X5 and Magnit, have reported weakened financial performance in the first half of 2018. Source: IGD Research Sharp drop in LFL sales growth at X5 X5’s sales grew by 19.8% to RUB731,198m (€9,961m) year-on-year, as the like-for-like sales growth slowed down from 6.9% to 0.8% in the same period. The decline was driven by the performance of Pyat...

Metro has announced its Q3, 9M 2017/18 results, with most businesses performing positively, except for its Real hypermarkets and Russian operations. Its delivery and online businesses had the strongest growth. Total sales for 9M were down -1.4% to €22,556m, and down -3.7% in Q3 to €8,996m. Like-for-like (lfl) sales up slightly in 9M Overall lfl sales increased by 0.7% in 9M until June 2018,...

Metro has launched temperature-controlled lockers in Germany, adding flexibility to its collection service. In Russia, Metro’s franchise store network is growing, and a new online store has been launched. Developing its delivery and collection service in Germany Metro is trialling a new same-day express delivery service in partnership with DHL. Orders placed before 10am via the hotline qu...

Finland-based S Group said net sales in H1 2018 rose 2.7% to €5.61 bn. The cooperative said that the pace of sales growth had been driven by its supermarkets and traffic and food shop divisions. S Group said its ecommerce channel had grown sales strongly S Group gaining market share As part of the results announcement S Group said it had enjoyed growth ahead of the wider grocery market. Gro...