Russia news

26 October 2016
Finnish retailer Kesko is to sell its Russian grocery stores to Lenta. Focusing on Finland Kesko's net grocery sales in Russia were EUR106m in 2015: that's less than 2% of its total. Mikko Helander, president and CEO of Kesko, said it would have needed significant investment to grow its grocery business in Russia. The sale will help it concentrate on its strategic objective: growth in Finla...
20 October 2016
Germany-based Globus has reported full year sales for the year ending 30 June 2016 saying gross sales rose 1.2% to €7.08 bn. Performance boosted by home improvement and expansion Globus’s hypermarkets saw flat sales in 2016, at €3.28 bn, while its home improvement division saw growth of 5.5%, to €1.63 bn. The integration of Max Bahr and Praktiker stores boosted its home improvement arm, whi...
19 October 2016
Metro Group saw total sales fall 0.5%, to €14.2 bn, affected by negative currency and portfolio effects, noting that in local currency terms they rose by 0.2% during the fourth quarter. In like-for-like terms they increased by 0.1%. The group’s performance was boosted by its food-focused Cash & Carry and Real division, which offset weaker results at its consumer electronics division. Sequentia...
17 October 2016
We bring you news on Auchan's plans to rebrand stores and expand in Russia.  Converting Atak stores and expanding Auchan plans to rebrand the supermarkets to the Auchan banner, moving towards a single brand as it is doing in France . It will also change the product assortment. Auchan plans to add 20 supermarkets during the coming year, speeding up expansion in 2018 to 35-40 stores. ...
14 October 2016
In this update, we look at what has happened at retailers across the region in the third quarter of 2016, including market entries & acquisitions, new store concepts, online & technology developments, loyalty enhancements and new appointments. MARKET ENTRIES & ACQUISITIONS Albania –  SPAR has opened its first stores in the country in partnership with Balfin Group, making Albania the 4...
31 August 2016
Auchan has reported a 0.8% increase in revenue for the first half to EUR26,106m, at constant exchange rates, driven by expansion and positive sales trends in most of its markets. Consolidated revenue for Auchan Retail was up 0.7% to EUR25,369m (constant exchange rates, excluding fuel and VAT).  Investment to continue in H2 Although the increase in group revenue is small, Wilhelm Hubner, c...
30 August 2016
With SPAR International’s global strategy aimed at growing its partners and embedding multi-channel capabilities, we look at developments from operators in Russia, Norway and Georgia, who are driving forward these initiatives. SPAR adding ecommerce service in Norway SPAR’s operator in Norway, NorgesGruppen, has launched ecommerce at the banner, marking the addition of the service at the sec...
23 August 2016
As Auchan reveals plans for a chain of drugstores, we look at some of its other format developments in Russia. Lillapois drugstores: 20 in 2017 Auchan Retail Russia opened its first drugstore in a Moscow shopping centre in August 2016. The 200 sq. m store stocks more than 9,000 products. Two more will open by the end of 2016 - close to a metro station and in a residential district - and...
22 August 2016
As CST Brands becomes Couche-Tard’s latest acquisition, we look at how deal making has become one the retailer’s key strategies. CST Brands provides unique scale opportunity Couche-Tard has signed a merger agreement to acquire CST Brands for $4.4bn. CST operates over 2,000 convenience stores Texas, Georgia, New York state and Eastern Canada, a major transport fuel distribution company,...
08 August 2016
Finnish market leader S Group has revealed its results for the first half of 2016, reporting that total sales excluding taxes rose by 1.7% to €5,336m, while sales in the retailer’s supermarket trade increased by 3.8% to €3,764m. Grocery sales in Finland were a particular highlight, increasing by 4.2% to €3,315m. CEO: flexible hours helped drive footfall & sales Commenting on the results, T...