Russia news

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 ...
23 November 2016
As the retailer reports on its second quarter performance, we review how the global roll-out of the Circle K brand is also helping to lift sales. Global programs underpin growth Couche-Tard delivered a solid performance in the quarter as it continues to benefit from its aggressive acquisition strategy, the global roll-out of the new Circle K brand and other global programs. Merchandise and ...
26 October 2016
Finnish retailer Kesko is to sell its Russian grocery stores to Lenta. Focusing on Finland Kesko's net grocery sales in Russia were EUR106m in 2015: that's less than 2% of its total. Mikko Helander, president and CEO of Kesko, said it would have needed significant investment to grow its grocery business in Russia. The sale will help it concentrate on its strategic objective: growth in Finla...
20 October 2016
Germany-based Globus has reported full year sales for the year ending 30 June 2016 saying gross sales rose 1.2% to €7.08 bn. Performance boosted by home improvement and expansion Globus’s hypermarkets saw flat sales in 2016, at €3.28 bn, while its home improvement division saw growth of 5.5%, to €1.63 bn. The integration of Max Bahr and Praktiker stores boosted its home improvement arm, whi...
19 October 2016
Metro Group saw total sales fall 0.5%, to €14.2 bn, affected by negative currency and portfolio effects, noting that in local currency terms they rose by 0.2% during the fourth quarter. In like-for-like terms they increased by 0.1%. The group’s performance was boosted by its food-focused Cash & Carry and Real division, which offset weaker results at its consumer electronics division. Sequentia...
17 October 2016
We bring you news on Auchan's plans to rebrand stores and expand in Russia.  Converting Atak stores and expanding Auchan plans to rebrand the supermarkets to the Auchan banner, moving towards a single brand as it is doing in France . It will also change the product assortment. Auchan plans to add 20 supermarkets during the coming year, speeding up expansion in 2018 to 35-40 stores. ...
14 October 2016
In this update, we look at what has happened at retailers across the region in the third quarter of 2016, including market entries & acquisitions, new store concepts, online & technology developments, loyalty enhancements and new appointments. MARKET ENTRIES & ACQUISITIONS Albania –  SPAR has opened its first stores in the country in partnership with Balfin Group, making Albania the 4...