Russia news

Metro has announced its Q3, 9M 2017/18 results, with most businesses performing positively, except for its Real hypermarkets and Russian operations. Its delivery and online businesses had the strongest growth. Total sales for 9M were down -1.4% to €22,556m, and down -3.7% in Q3 to €8,996m. Like-for-like (lfl) sales up slightly in 9M Overall lfl sales increased by 0.7% in 9M until June 2018,...

Metro has launched temperature-controlled lockers in Germany, adding flexibility to its collection service. In Russia, Metro’s franchise store network is growing, and a new online store has been launched. Developing its delivery and collection service in Germany Metro is trialling a new same-day express delivery service in partnership with DHL. Orders placed before 10am via the hotline qu...

Finland-based S Group said net sales in H1 2018 rose 2.7% to €5.61 bn. The cooperative said that the pace of sales growth had been driven by its supermarkets and traffic and food shop divisions. S Group said its ecommerce channel had grown sales strongly S Group gaining market share As part of the results announcement S Group said it had enjoyed growth ahead of the wider grocery market. Gro...

As it looks to turnaround its performance in Russia and implement its single brand strategy across the region, Auchan has announced a set of initiatives to drive change across its businesses in Russia and Ukraine. New store sees offer being adapted in Russia Discussing the opening of a new store, Auchan Russia’s head of HR for supermarkets, has said it is being used to test innovations in a...

Ex-Pyaterochka director Olga Naumova takes the role of Magnit CEO, and in the same week the retailer rolls out Magnit/Russian Post new store concept.   Magnit's Board of Directors assign second new CEO in 2018 In an announcement to the Board of Directors, Magnit CEO Khachatur Pombukhchan, submitted his resignation notice, and this is followed by the appointment of Olga Naumova to the r...

X5 has assigned a new director for the Pyaterochka banner and two supervisory members with the expertise to return the discount format to like-for-like growth. This comes at a time when Pyaterochka faces a decline in like-for-like sales performance - from 9.1% growth in 2016 to 4.6% in 2017, and 0.8% decline in the first quarter of 2018. Pyaterochka has a new director Igor Shekhterman, X5 R...

X5 is investing in technology, while Magnit focuses on new store concepts and developing a strategic partnership with Russian Post to drive traffic to their stores and introduce cost efficiencies. We review some of these strategic developments. X5 will divide Pyaterochka operation into macro-regions X5 will divide the Pyaterochka operation into five macro-regions, led by current CEO Igor ...

X5 installed retail solutions to automate and optimise its stores operations. The solutions have helped the retailer improve the replenishment process, on-shelf availability, and fresh food fulfilment. The technological upgrade comes as X5 drastically expands its store and distribution network. The retailer added nearly 3,000 new stores in 2017, and over 2,500 openings are planned in 2018. Su...

Pyaterochka’s ex-CEO, Olga Naumova, moved to Magnit and took up the post of Executive Director. Ms Naumova left the position at Russia’s leading retailer, X5 Retail, in April 2017. In her new role, Ms Naumova, will be responsible for operational management and development of all formats, as well as the commercial unit, pricing, marketing, logistics, and own production process. Magnit’s n...

Germany-based cash & carry operator Metro Group said sales fell by 0.8% in the second quarter to €8.45 bn. The performance in the second quarter dragged down its first half results, with sales contracting by 0.3% to €15.56 bn. However, the company said like-for-like sales had seen an improvement in Q2, rising by 2.0%, versus an increase of 1.3% in the first half. Real outperforms Cash & carry ...