X5 announced the launch of its new discount banner Chizhik in its Capital Markets Day event in October 2020. The industry perceives this as a reaction to the fast-growing presence of hard discount retailer, Svetofor. They also question whether the new banner will cannibalise the sales of its sister discount banner, Pyaterochka. New hard discount banner to compete for value shoppers X5 opene...

Pyaterochka launched its first staffless #naletu (On the Fly) store in Moscow in October 2020. Also, following the pilot concept’s trial, the retailer plans to launch several similar projects in other districts in the capital. Smallest store in the X5 network The store stocks 900 SKUs in 80 sq. m. of selling space and has a fully automated checkout system. To use the store shoppers must dow...

Metro generated like-for-like sales showing a slight contraction, of just 0.5%, in its fourth quarter. The company said a recovery in HoReCa sales and a ‘ positive sales development ’ in Germany, Russia and Eastern Europe had underpinned its improving performance. Strong recovery in key markets Metro said like-for-like sales had turned positive in Germany, Russia, and Eastern Europe, which ...