Markets/Russia/News

Russia news

03 March 2023
ELO has revealed Auchan Retail’s full year results showing positive sales at a group level, considering the tough market conditions and extremely complicated economic and geographical climate. At a group level the retailer reported its sales revenue increased by 7.7% to €32,893m, driven by returning customers. Auchan has taken the active approach to consider the medium and long-term goals. Dur...
23 June 2022
Flash delivery service Gorilla plans to exit Belgium, as Colruyt starts trialling its home delivery service and Amazon sets up to enter the market. Separately, Delhaize reveals its reducing is private label prices by up to 30% and Russian discounter Mere faces challenges in the market.      Gorilla exits from the market Recently Gorilla the German flash delivery service confirmed they plan ...
22 March 2022
As Biedronka looks to expand its quick commerce service in Poland and Tesco is growing the coverage for its ecommerce store in the Czech Republic, we round up news from the region. Biedronka evolves strategy for ‘digital convenience’-focused future… Poland-based trade publication Wiadomosci Handlowe has reported that Biedronka is expanding its Biek quick commerce delivery solution, which ...
17 March 2022
A.S. Watson plans to shut down its Watsons stores in Russia amid the war between Russia and Ukraine. “Unsatisfactory business performance” drives the decision to exit The health and beauty retailer looks to close all its 47 stores in Russia by 30 th June 2022 and its online shop by 21 st March 2022. The decision to exit the market was reportedly made before the Ukrainian crisis and ins...
03 March 2022
In addition to humanitarian concerns, the crisis in Ukraine has wide economic and commercial implications for the food and grocery industry, since both Ukraine and Russia are major producers and exporters of grain and vegetable oils. Russia is also the world’s leading exporter of fertilizer. Expect further inflation Events have already impacted global prices for oil and gas and this is ha...
25 February 2022
Auchan Retail reported its turnover was down by 1%, to €30.5 bn, or by 2.2% on a like-for-like basis. The retailer said its results were impacted by continued challenges in France, while following strong growth in 2020, Auchan’s results in 2021 in Spain and Portugal ‘ suffered by comparison ’. France: total sales down 2.6%, down 4.6% on a like-for-like basis Auchan’s hypermarkets continued ...
24 February 2022
As SberMarket announces its full year results and its parent company Sber and X5 discuss their on-going cooperation, we round up news about grocery ecommerce from across the region. SberMarket tripled turnover in 2021 in Russia… SberMarket, which is part of the Sber ecosystem, reported its turnover tripled to RUB58.6 bn (US$732.8m) in 2021, including VAT and excluding promotions. The comp...
11 February 2022
Metro Group’s sales rose 19.4% in local currency terms and by 20.0% in total, reaching €7.6 bn. The company reported its revenue in the Q1 2021/22 period exceeded its pre-pandemic levels ‘ despite ongoing restrictions ’. Metro, though, noted the challenges it faced during Q1 2020/21, when total sales contracted by 16% due to Covid restrictions in many of its key markets. Growth was driven by a...
04 February 2022
Despite being the fourth largest convenience retailer in the world, Magnit is not very well-known to businesses outside of Russia. We believe that much can be learned from the retailer as it continues to rapidly expand its store network, embed technology and develop quick commerce capabilities. Magnit posts strong top-line annual results Total net sales up 19.7% YoY to RUB1,856.1bn (US$2...
02 February 2022
As Auchan looks to compete in key markets in Central and Eastern Europe, we round up four developments from the retailer’s operations in Poland, Romania, and Russia. Auchan evolves its loyalty programme in Poland Auchan is changing its Skarbonka loyalty programme in Poland, which see it offer additional benefits to specific shopper groups. As part of the new programme shoppers receive one p...