Russia news

03 August 2016
Finland’s Kesko has revealed its results for the first half of 2016, reporting that Group net sales increased by 7.3% to €4,624m. Acquisition drives performance Kesko’s grocery net sales increased by 8.6% to €2,447m, largely driven by the acquisition of Suomen Lähikauppa. Net sales in local currencies, excluding this acquisition increased by 0.9%, with the retailer’s grocery business ret...
02 August 2016
Metro Group has announced Q3 results showing like-for-like sales in line with those in its previous financial year, but with its Cash & Carry division enjoying ’ongoing positive food sales performance ’. Group performance: the numbers At a group level, sales fell by 2.7% in the third quarter, to €13.6 bn, with contractions in the Cash & Carry, of 4.5%, and Real, of 6.0%, while there was gr...
18 July 2016
In this update, we look at what happened at retailers across the region in the second quarter of 2016, including market entries & investment plans, new store concepts, online & digital, new technology, efficiency drives and legislation affecting retail. MARKET ENTRIES & INVESTMENT PLANS Lidl • Lithuania – The retailer has entered its 27th market, with 15 stores across nine towns and ci...
12 July 2016
Couche-Tard delivered a strong fourth quarter, helping to lift net earnings beyond $1bn for the first time. We review what was behind the retailer’s success and the outlook for the next 12 months as it rolls-out its new Circle K global brand. Lower oil price impacts revenue growth Couche-Tard’s fourth quarter merchandise and service revenues increased by 15.9% to $2.4bn, supported by acquis...
16 May 2016
Challenging economic situation in Russia, especially in regions, has affected revenue growth of the market leader Magnit. In the meantime X5 Retail Group has benefited from the new Pyaterochka store concept as well as stores network which has been developed mainly in large cities. Magnit most affected Magnit has reported sales growth of 16.6% to RUB 254.4 bn (USD4.25 bn) in Q1 2016. Company...
05 May 2016
Discounters across Europe including Aldi Sud, Aldi Nord and Biedronka are opening doors to branded manufacturers and listing more of their brands, while branded manufacturers are increasingly willing to list their product on discounters’ shelves. Why is that? Nestle, P&G and Unilever at Aldi Nestle and P&G in Germany have cooperated with Aldi Sud for a while, however, the number of SKUs...
27 April 2016
In this update, we look at what happened at retailers across the region in the first quarter of 2016, including investment plans, online developments, merger & acquisition activity and changes at the top. INVESTMENT PLANS & NEW STORES Poland • Carrefour is to launch 150 new stores with a focus on the convenience channel and invest €61m in store modernisation in 2016. • Jerónimo ...
19 April 2016
Auchan is investing RUB17bn (around EUR224m) in the Russian market in 2016, said director of hypermarkets Oleg Alkhamov. Will open nearly 50 new stores Following the successful transfer of the Real hypermarkets, Auchan still considers Russia a strategic market for expansion despite its challenges. This investment will drive store expansion. The majority of stores will open under the Ata...
11 April 2016
SPAR International saw global sales rise by 3.5% in 2015 to €33.0 bn, which it said was its ‘ strongest in five years ’ and driven by the growing pace of recovery in Europe and expansion of the SPAR brand in emerging markets. Results ‘ show… continuing strength and attractiveness of SPAR brand ’ By region, SPAR International highlighted some specific countries where it had enjoyed particula...
01 April 2016
The new President of Dixy Group Sergey Belyakov is reinforcing its management with experts working for discounters like Biedronka and Lidl. Top management strengthened by ex Jeronimo Martins managers In March 2016, he appointed a new CEO, Pedro Manuel Pereira Da Silva who was for 16 year as CEO of Jeronimo Martins in Poland (Biedronka). The Board of Directors also approved the appo...