Russia news

21 April 2017
Three of the largest Russian retailers, X5, Magnit, and Lenta have released their Q1 2017 results. We look at the retailers’ performance and their expansion plans for the year ahead. X5 maintains dynamic growth in 2017 X5 continues to enjoy a robust performance, with a 26.4% growth in net sales in Q1 2017. X5 sales were driven by a 7.3% like-for-like sales growth and the opening of 639 Pyat...
13 April 2017
Top Russian retailers Magnit, X5, Dixy, and Lenta reported double-digit sales growth in 2016. We look at what’s driving this and provide our outlook for 2017. Magnit store expansion drives sales growth as like-for-like stagnates Magnit opened almost 2,000 net new stores in 2016 to drive a 13.1% increase in sales revenue. But the Russian retailer closed over 450 stores and reported a 0....
12 April 2017
X5 announced plans in implementing its bold growth strategy across Russia. Learn about the strategies that X5 will use in 2017 to support its plan. X5 to create a Coop-Pyaterochka brand for rural Russia X5 signed a five-year cooperation agreement with the Central Union of Consumer Societies of the Russian Federation (Centrosoyuz) to open 1,000 new stores in remote rural areas under the join...
12 April 2017
As part of separate announcements, Auchan has said it will increase the pace of its investment in Russia, while it was aiming to launch a new private label beauty brand and, according to a report in trade publication LSA, a mobile payment app in France. Auchan to increase investments in Russia for 2017… Following on from its announcement in Q4 2016 that it was aiming to invest between RUB...
30 March 2017
We look at the top domestic Russian retailers Magnit and X5 and their ambitious growth strategies. We review their aim to take hold of the top spot and present our expectations for 2017. X5 out-performs top Russian Retailer Magnit Market leader Magnit, reported a 13% growth in 2016 sales. In the same year, it was outperformed by X5 at 27%. X5’s performance was driven by its dynamic in...
10 March 2017
France-based Auchan has announced full year results saying that consolidated revenue, excluding taxes, rose 0.7% at constant exchange rates to €52.8 bn. In organic terms, Auchan said sales rose 0.9%. The company said the results were ’solid’ and in line with expectations. During 2016 Auchan initiated its 2025 Vision as it builds its foundations for the future. Sales rose in 11 out of 14 coun...
12 January 2017
In December 2016, Lenta signed a joint-procurement agreement with the private-owned Belarusian retailer, Euroopt. This agreement allows both entities to share suppliers and build on their buying power, thus forming a buying alliance. Another retailer seeking buying alliance in CEE Lenta is so far the second retailer with operations in the CEE to show interest in buying alliances. German Glo...
20 December 2016
Europe’s largest buying alliance, EMD, has announced that Germany-based Globus will incorporate the total volume for the eastern European locations in Russia and Czech Republic into the EMD agreements. EMD also said that purchase and marketing volumes in Globus’s Germany-based hypermarkets will also be integrated into EMD agreements. Incorporation grows EMD’s reach The addition of Globus to...
19 December 2016
As it opened its 100th hypermarket in the country, Auchan has announced that it will continue to invest as it looks to continue to grow in the increasingly important market. Investment rises in 2016… Underlining both the faith it has in the market and the growing importance it is playing in its short-term growth outlook, Auchan Russia’s president, Jean-Pierre Germain, confirmed that the ret...
01 December 2016
Kesko has sold its Russian grocery business to Lenta for approximately €163m, following approval from Russian competition authorities. Deal worth €163m The deal is worth approximately €163m and includes 11 grocery stores in St Petersburg and Leningradsky, as well as three plots of land in these regions. In 2016, Kesko achieved grocery net sales of €106m. Mutual benefits The sale will ...