Lenta news

19 May 2021
Magnit has reached an agreement with the Dixy Group to acquire its Dixy and Megamarket stores. The network amounts to 2,612 convenience stores and 39 supermarkets, which are supported by five distribution centers. On the acquisition’s completion, it is forecast to boost Magnit’s 2021 sales of RUB1,780 bn (US$24.1 bn) by up to RUB300 bn (US$4.7 bn), a 17% increase. Magnit closes the gap on X5… ...
16 April 2021
Leading discounters in Europe are developing their format and offer as they look to attract shoppers from other channels. This is seeing them evolve to be more like supermarkets, leading them to adjust their ranges, locations and adding value to compete beyond a solely price-focused strategy. However, in Russia, the discount format is taking a different trajectory. While some are evolving towa...
25 March 2021
As part of its Capital Markets Day event in March 2021, Lenta announced it is to expand its small format network and online presence as it aims to double its revenue, to more than RUB1 tr (US$13.2 bn) by 2025. The aim is to capture a higher share of consumer spend through new channels that target a wider range of shopper missions, while still enabling it to focus on its core hypermarket business...
05 September 2019
European retailer alliance EMD has announced plans to launch a data sharing platform that will give branded manufacturers visibility of sales data from a selected number of its members. Platform to launch in 2020 EMD said the platform, which it is creating in conjunction with AC Nielsen, will provide sales data from companies like ESD Italia, Euromadi Spain, Globus International, Kaufland ...
07 May 2019
The three leading Russian retailers X5, Magnit and Lenta reported above market sales growth for the first quarter of 2019. Russia’s Ministry of Economic Development lowered its forecast growth of total national retail sales for 2019 from 1.7% to 1.6%. This is significant drop from the 2.8% growth rate reported in 2018. The three retailers continue to consolidate the market as they grow sales at...
13 February 2019
Russia’s retail market in 2018 faced stagnant household incomes and food price inflation. This led shoppers to become more economical with their spending. As a result, retailers had to compete more for their share of spend in groceries, which has led to a slowing in real sales growth rates. We look at the 2018 full year results and highlight how the leading Russian retailers managed in the fac...
06 August 2018
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...
31 January 2018
We attended the Magnit Roadshow in London on 29 January for its 2017 full year results announcement, following our store visit in December 2017 . We discussed with Magnit’s CFO, Khachatur Pombukhchan, and Deputy CEO for Network Development, Sales & HR, Ilya Sattarov, Magnit’s performance in 2017 and strategy for 2018. Magnit 2017 results weaker than previous year Magnit’s performance...
19 January 2018
As X5 and Magnit face a small drawback in their growth plans for the beginning of 2018, Lenta met their forecast, whereas Dixy faced closures in 2017. X5 Retail Group cannot open more stores in St. Petersburg X5 faces competition authority restriction in St. Petersburg as it surpasses the 25% market share in that city following the acquisition of 37 Okay supermarkets . X5 exceeded the ...
06 December 2017
As Lenta announces investment in its private label ranges and supply chain and Dixy looks to add further in-store services to drive footfall, we round up developments from Russia. Lenta focusing on private labels… As part of an interview in Lebensmittel Zeitung, Lenta’s chief executive, Jan Dunning, has said the retailer sees private label as a key strategy to support its position in the co...