Russia news

07 June 2018
X5 is investing in technology, while Magnit focuses on new store concepts and developing a strategic partnership with Russian Post to drive traffic to their stores and introduce cost efficiencies. We review some of these strategic developments. X5 will divide Pyaterochka operation into macro-regions X5 will divide the Pyaterochka operation into five macro-regions, led by current CEO Igor ...
25 May 2018
X5 installed retail solutions to automate and optimise its stores operations. The solutions have helped the retailer improve the replenishment process, on-shelf availability, and fresh food fulfilment. The technological upgrade comes as X5 drastically expands its store and distribution network. The retailer added nearly 3,000 new stores in 2017, and over 2,500 openings are planned in 2018. Su...
17 May 2018
Pyaterochka’s ex-CEO, Olga Naumova, moved to Magnit and took up the post of Executive Director. Ms Naumova left the position at Russia’s leading retailer, X5 Retail, in April 2017. In her new role, Ms Naumova, will be responsible for operational management and development of all formats, as well as the commercial unit, pricing, marketing, logistics, and own production process. Magnit’s n...
15 May 2018
Germany-based cash & carry operator Metro Group said sales fell by 0.8% in the second quarter to €8.45 bn. The performance in the second quarter dragged down its first half results, with sales contracting by 0.3% to €15.56 bn. However, the company said like-for-like sales had seen an improvement in Q2, rising by 2.0%, versus an increase of 1.3% in the first half. Real outperforms Cash & carry ...
14 May 2018
As Auchan invests in its hypermarkets in China, Russia and Spain, we look at how the retailer is looking to reinvent its largest stores for today’s shoppers. Auchan, Alibaba partnership taking effect in China France-based trade publication Lineaires has reported on an updated Auchan hypermarket in Shanghai. Auchan has digitised the store’s offer and the way it provides services, incorporati...
25 April 2018
X5 Retail Group announced that Pyaterochka’s general director, Olga Naumova, has left her post with immediate effect. Igor Shekhterman to cover role The Supervisory Board named X5 CEO Igor Shekhterman as Pyaterochka’s acting general director until a permanent replacement is found. X5 plans to make an internal appointment to the role of general director for its discount format. The company s...
24 April 2018
A.S. Watson has a diverse retail portfolio, including a range of different health & beauty banners, supermarkets and electrical stores. We review some of the latest new concept Watsons stores in Taiwan, China, Singapore and Russia. Watsons Tech-Fun in Taiwan Having revealed its expansion plans last year, Watsons has now launched an innovative new store concept, Watson's Tech-Fun. The n...
04 April 2018
X5 Retail Group reports another year of healthy growth, out performing its key competitors. Now as it refurbishment programme for Pyaterochka is completed focus will shift toward the refining shopper value proposition. The retailer will also focus on its hypermarket banner - Karusel. We highlight some of the key features of X5’s plans for 2018. Sales growth continue, but slowdown X5 repor...
12 March 2018
France-based Auchan said turnover rose 0.6% in its 2017 financial year, reaching €53.155 bn. Auchan Retail, meanwhile, slightly underperformed, with total turnover rising by 0.5% (or by 0.1% at constant exchange rates) to €52.0 bn. However, underlining the challenges the company is facing, operating income fell by 19.3% to €935m, while its net profit fell by 53.4% to €275m. Auchan said its net...
16 February 2018
Sergei Galitskiy, Magnit’s biggest shareholder and CEO, sold 29% of the company’s share to state Russian bank VTB and left his role. As of 16 Feb 2018, Sergei Galitskiy withdrew from his role as CEO of Magnit (JSC Tander) and retained a 3% share of the company. Impact on Magnit’s strategy for 2018 Mr Galitskiy is succeeded by Khachatur Pambukhkhan, CFO since 2008, via a vote by the board ...