Markets/Russia/News

Russia news

26 September 2017
As various countries announce steps being taken as part of the Vision 2025 strategy to unify its banners under the Auchan name and the retailer’s general manager, Wilhelm Hubner, as part of an interview with Les Echos discussed its outlook, we look at how it is evolving globally. Hubner: hypermarkets will not be closed in France In the interview Hubner said that Auchan was looking to reinve...
14 September 2017
We report on the latest news from Magnit and Auchan, with both retailers launching new store concepts. We also highlight how X5 is using digital to drive loyalty, as well as how retailers are investing in payment solutions and click and collect. Magnit launches “Magnit Family” supermarket concept Magnit has opened its first, "Magnet Family" new supermarket concept in central Moscow to be ...
11 August 2017
We report on the 2017 guidance revision by Russia's top two retailers, X5 and Magnit, as well as X5 enhancements of its loyalty programme, Magnit’s launch of its new store format, and highlight initiatives by Lenta and Okey to support their own growth strategy for 2017. X5 to open more stores than planned in 2017 X5, a predominantly discount retailer, and Magnit, a predominantly convenien...
03 August 2017
Five of the top Russian retailers released their results for the first half of 2017. We compare X5 and Magnit, the two market leaders’ results with their 2017 business plans and highlight strategy priorities for the remainder of the year. We also report on Lenta, Dixy, and Okey’s Results. X5 maintains performance in half-year 2017… X5 reported marginal improved year on year sales growth a...
28 July 2017
Finland’s Kesko has released its 2017 first half results, reporting that group net sales increased by 17% to €5.4bn in local currencies. Excluding acquisitions and divestments, sales increased by 1.2%, while comparable operating profit rose by 1.6% to €113.2m. Grocery sales +5.0% In the grocery division, which represents 47% of the Kesko business, sales increased by 5.0% to €2.6bn, driven b...
20 July 2017
Finnish market leader S Group has reported its results for the first half of 2017, highlighting that sales excluding tax increased by 2.4% to €5.5bn. The retailer’s grocery sales in Finland increased by 1.6% to €3.4bn, driven by continued price cuts, particularly in Finnish produce. Commenting on the results, CEO Taavi Heikkilä said, ‘Our grocery sales continued to outperform the general mark...
29 June 2017
X5, Magnit, and Dixy will expand their store offer in 2017 with the addition of instore pharmacies across their network. Such a move is expected to drive footfall, broaden shopper mission for their customers, and raise average basket spend. This will be due to the expanded assortment of health and beauty and consumer health products and the relatively higher ticket item spend that comes with thes...
08 June 2017
X5 announced in its 2016 annual report that it will invest in the roll out of its Regional Supermarket model in the Urals and Siberia, and follows a pilot of the model in 2016. The focus of the model is to reduce store SKUs down to 8,000, focus on local and value-priced ranges, and maximise selling space to between 65%-70%. X5 expands distribution centres In 2016 X5 opened six distributio...
17 May 2017
SPAR International has released its 2016 results, reporting that sales increased by 4.5% to €33.1bn. The retailer, which has a presence in 44 countries, stated that record performance ‘ was driven by a combination of like-for-like organic growth, successful acquisitions and new country expansion’ . Regional performance breakdown In Western Europe , which accounts for the largest share of s...
21 April 2017
Three of the largest Russian retailers, X5, Magnit, and Lenta have released their Q1 2017 results. We look at the retailers’ performance and their expansion plans for the year ahead. X5 maintains dynamic growth in 2017 X5 continues to enjoy a robust performance, with a 26.4% growth in net sales in Q1 2017. X5 sales were driven by a 7.3% like-for-like sales growth and the opening of 639 Pyat...