Lenta news

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 a...
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...
04 December 2017
We round up the latest developments from the leading Finnish grocery retailers at home and abroad. In Finland, this includes Kesko's changes at the top and S Group's checkout livestream. Meanwhile, S Group is set to expand in Russia and Estonia, while Kesko is partnering with Lenta to export Kesko private label products in Russia. Finland: Kesko makes changes at the top Jorma Rauhala , Pre...
20 November 2017
The buying and marketing group EMD has announced that Russia-based Lenta has become a member. Lenta, as of November 2017, operates 202 hypermarkets and 67 hypermarkets and generates annual revenues of €4.5 bn. Lenta looking to drive better sourcing Lenta, through its membership of EMD, is looking to ‘ increase its sourcing capabilities, [to help it] generate significant savings from its sup...
16 November 2017
We look at the latest developments from Russia’s leading retailers. This includes X5’s store growth ambitions, loyalty programme investment and supplier expansion in Asia and elsewhere. Meanwhile, Lenta are expanding in Siberia. X5 requests approval to acquire 37 Okey supermarkets X5 Retail Group has submitted a request to Russian competition authority, FAS, to acquire 37 Okey supermarket...