Russia news

11 February 2021
Germany-based wholesaler Metro reported sales were down 11.2% in local currency terms, to €6.3 bn. The company said, despite its performance being affected strongly by COVID-19 restrictions in many of its markets, it had outperformed its peers in its core markets of Germany, France, and Italy. Western Europe sees strongest effect from pandemic Metro said its operations had performed better ...
11 February 2021
Russia’s second largest grocery retailer, Magnit, has been investing strongly in the development of its physical formats as it looks to attract more shoppers. It is now investing online, a channel it has been reluctant to enter, with it only launching online in 2020. However, as it looks to drive growth Magnit is investing in several formats and online services to help it meet a wider range of sh...
28 January 2021
As Auchan sets out its plans for 2021 in Russia and embeds its multichannel strategy in Poland and Romania, we round up five developments from the retailer across central and Eastern Europe. Auchan to focus on modernisation in Russia According to reports in Finmarket, Auchan is not planning to open any stores in Russia in 2021. Instead, the retailer will focus on its current projects of mod...
27 January 2021
X5 has reported an improved performance in 2020, versus 2019, with it generating revenue of RUB1,975 bn (US$26.31 bn). The retailer saw total sales grew 14.3% year-on-year, while like-for-likes rose by 5.5%. Both rates improved on the previous year when the stood at 13.3% and 4% respectively. Although more than 81% of the growth was derived from the Pyaterochka banner, X5’ new businesses contr...
21 January 2021
Amongst all modern retail channels, the impact of COVID-19 from a global perspective, has varied the most in convenience. The channel, however, continues to offer a massive opportunity for retailers and suppliers globally, benefiting from longer term consumption trends such as smaller households and more consumers shopping locally. With this in mind, we have identified five themes that we expect ...
12 January 2021
France trade publication LSA has reported that Auchan Group has changed its management team to bring in new governance of the group with the appointment for each country of a president and vice-president. Management changes aimed at accelerating decentralisation process LSA, quoting a document, said the appointments are ‘ …a question of accelerating the move towards decentralisation by allo...
15 December 2020
Germany-based Metro has ended its 2019/20 financial year on a positive trajectory after a challenging year that saw its major markets and customers impacted heavily by the COVID-19 pandemic. Positive Q4 sees Metro gain market share In its full year, Metro reported like-for-like sales contracted by 3.9%, which was at the upper end of its guidance range. The company said that ‘ with the excep...
14 December 2020
In 2020 X5 launched several new online solutions and expanded the range of services it offered. This included an online marketplace, Perekrestok Vprok, and an express delivery service, Okolo. The developments are part of its strategy to grow its share of Russia’s shopper spend on food and groceries. They are also aimed at helping it take a leading position in the country’s growing online groce...
09 November 2020
X5 has discussed the progress of its strategic priorities at its Capital Markets Day on 27 October 2020. We highlight our five key takeaways from the presentations and review the initiatives that define and will drive those priorities between 2020 and 2023. 1. X5 aiming to be present at every stage of the shopper journey X5 is building a retail ecosystem that will engage its customers at...
02 November 2020
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...