Russia news

09 November 2017
We bring you the latest news from Metro Group across the globe. 120 stores to open in Russia Metro plans to open 120 stores in the Krasnodar region, under the banner Fasol. This is set to happen over the next two to three years and the first store has already been opened in the village of Vyselki. Products sold in-store are sourced locally where possible. To date, there are more than 260 st...
20 October 2017
Metro Group has reported that its sales for financial year 2016/2017 have increased by 1.6%, to €37.1bn. Steady performance following demerger On a like for like basis, sales were up 0.5% for the year. Q4 saw total sales increase by 0.7%, with like for like sales for Metro wholesale and Real increasing by 0.5% in the quarter. The rise was offset by currency effects, with sales in local cu...
20 October 2017
Magnit reported on its performance in the first nine months of 2017 that improved in performance compared to the previous year. We report on Magnit’s sales performance in comparison to its key competitors, and on the acquisition interest the retailer has demonstrated. Magnit nine months sales slip compared to key competitors Magnit’s net sales for the first nine months of 2017 increased b...
18 October 2017
We review X5 Retail Groups latest quarterly results and assess the retailer’s nine months results against the forecast plan for 2017. Pyaterochka extend their share of X5’s revenue sales X5 reported a 26.3% year-on-year sales growth to generate RUB 927bn (€ 13.5bn) in revenue sales for the first nine months of 2017. Pyaterochka drove that growth at a 30.3% growth year-on-year for the firs...
04 October 2017
We look at statements made by Auchan Retail’s general manager, Wilhem Hubner, the newest rebranded Simply Market supermarket in France and developments in Russia. General manager sets out strategy At a conference run by France-based trade publication LSA, Auchan Retail’s general manager, Wilhem Hubner, has discussed the retailer’s medium-term strategy. Hubner said that Auchan was preparing ...
26 September 2017
As various countries announce steps being taken as part of the Vision 2025 strategy to unify its banners under the Auchan name and the retailer’s general manager, Wilhelm Hubner, as part of an interview with Les Echos discussed its outlook, we look at how it is evolving globally. Hubner: hypermarkets will not be closed in France In the interview Hubner said that Auchan was looking to reinve...
14 September 2017
We report on the latest news from Magnit and Auchan, with both retailers launching new store concepts. We also highlight how X5 is using digital to drive loyalty, as well as how retailers are investing in payment solutions and click and collect. Magnit launches “Magnit Family” supermarket concept Magnit has opened its first, "Magnet Family" new supermarket concept in central Moscow to be ...
11 August 2017
We report on the 2017 guidance revision by Russia's top two retailers, X5 and Magnit, as well as X5 enhancements of its loyalty programme, Magnit’s launch of its new store format, and highlight initiatives by Lenta and Okey to support their own growth strategy for 2017. X5 to open more stores than planned in 2017 X5, a predominantly discount retailer, and Magnit, a predominantly convenien...
03 August 2017
Five of the top Russian retailers released their results for the first half of 2017. We compare X5 and Magnit, the two market leaders’ results with their 2017 business plans and highlight strategy priorities for the remainder of the year. We also report on Lenta, Dixy, and Okey’s Results. X5 maintains performance in half-year 2017… X5 reported marginal improved year on year sales growth a...
28 July 2017
Finland’s Kesko has released its 2017 first half results, reporting that group net sales increased by 17% to €5.4bn in local currencies. Excluding acquisitions and divestments, sales increased by 1.2%, while comparable operating profit rose by 1.6% to €113.2m. Grocery sales +5.0% In the grocery division, which represents 47% of the Kesko business, sales increased by 5.0% to €2.6bn, driven b...