Russia news

As Auchan invests in its hypermarkets in China, Russia and Spain, we look at how the retailer is looking to reinvent its largest stores for today’s shoppers. Auchan, Alibaba partnership taking effect in China France-based trade publication Lineaires has reported on an updated Auchan hypermarket in Shanghai. Auchan has digitised the store’s offer and the way it provides services, incorporati...

X5 Retail Group announced that Pyaterochka’s general director, Olga Naumova, has left her post with immediate effect. Igor Shekhterman to cover role The Supervisory Board named X5 CEO Igor Shekhterman as Pyaterochka’s acting general director until a permanent replacement is found. X5 plans to make an internal appointment to the role of general director for its discount format. The company s...

A.S. Watson has a diverse retail portfolio, including a range of different health & beauty banners, supermarkets and electrical stores. We review some of the latest new concept Watsons stores in Taiwan, China, Singapore and Russia. Watsons Tech-Fun in Taiwan Having revealed its expansion plans last year, Watsons has now launched an innovative new store concept, Watson's Tech-Fun. The n...

X5 Retail Group reports another year of healthy growth, out performing its key competitors. Now as it refurbishment programme for Pyaterochka is completed focus will shift toward the refining shopper value proposition. The retailer will also focus on its hypermarket banner - Karusel. We highlight some of the key features of X5’s plans for 2018. Sales growth continue, but slowdown X5 repor...

France-based Auchan said turnover rose 0.6% in its 2017 financial year, reaching €53.155 bn. Auchan Retail, meanwhile, slightly underperformed, with total turnover rising by 0.5% (or by 0.1% at constant exchange rates) to €52.0 bn. However, underlining the challenges the company is facing, operating income fell by 19.3% to €935m, while its net profit fell by 53.4% to €275m. Auchan said its net...

Sergei Galitskiy, Magnit’s biggest shareholder and CEO, sold 29% of the company’s share to state Russian bank VTB and left his role. As of 16 Feb 2018, Sergei Galitskiy withdrew from his role as CEO of Magnit (JSC Tander) and retained a 3% share of the company. Impact on Magnit’s strategy for 2018 Mr Galitskiy is succeeded by Khachatur Pambukhkhan, CFO since 2008, via a vote by the board ...

Russia’s top retailers, X5, Magnit, and Lenta, have and are investing a considerable amount to expand their store presence across Russia, especially in Moscow, St Petersburg and their surrounding areas. SPAR Russia now seems to work closely with its franchisees to expand store presence in the Northwest and central region, with focus on Moscow and St Petersburg, and the southern federal district o...

X5 launched an online store, Perekrestok.ru, in April 2017, to service the Moscow area. Now it plans to open fulfilment centres for the online store, otherwise known as ‘dark stores’. ‘Dark stores’ aid Perekrestok fulfilment stores to focus on in-store X5’s Prekrestok.ru is currently supported by a number of Perekrestok hybrid-stores that are supermarket units combined with a warehouse. The...

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...

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 ...