Markets/Russia/News

Russia news

30 June 2020
As Auchan looks to turnaround its performance in a key market, we look at developments from the retailer. Auchan sees revenue fall in Russia… Local press reports on the retailer’s revenue in the country suggested Auchan saw its sales fall by 6% in 2019, with net profit falling further as it invested in the business to turnaround its performance. The results underline the challenging nature ...
28 May 2020
We round up developments from the retailer in France, Portugal, and Russia. Auchan France extends Decathlon trial Beginning 17 April, an Auchan hypermarket in the suburbs of Orléans, in Saint-Jean-de-la-Ruelle trialled a collaboration with sporting goods brand Decathlon, which is part of the wider Mulliez Group, which owns both brands. The trial proved to be a success, leading the retailer ...
22 May 2020
A partnership between technology company, Zippin, Visa, Russian bank, Sberbank, and retailer Azbuka Vkusa has led to the launch of the country’s first checkout free store-in-store. The concept, named Zippin Cube, is similar to the just walk-out concept of Amazon Go in the US, but with a significantly smaller sales area. It was set up in an Azbuka Vkusa store in Moscow. The Zippin Cube ...
26 March 2020
In reaction to the Coronavirus (COVID-19) pandemic, Russian retailers and the government have started implementing several measures to slow the spread of infection. All non-essential stores in Moscow will temporarily close Moscow’s mayor announced measures to restrict the movement of people in the city by closing non-food stores, cafes and shopping malls for one week. The closures will begi...
16 March 2020
VkusVill appeared on the international retail radar following its announcement in March 2020 that it plans to enter the Netherlands and France. The retailer has managed to grow fast, reaching the highest ranks of the Russian grocery retail market, and now has ambitions to expand internationally. We investigate the strategies that have enabled VkusVill to sustain double or even triple-digit sto...
10 March 2020
France-based Auchan announced its 2019 full year results, saying revenue at its Retail division fell by 1.4%, at current exchange rates, to €45.8 bn. It noted that revenue had increased in nine countries where it operates stores, but declined in France and Russia. The numbers… By division, Auchan said its Retail had seen: Total sales: fell by 1.4%, at current exchange rates, to €45....
04 February 2020
Technology and retail companies in Central and Eastern Europe are investing in online retailing. We are seeing developments in Russia, Turkey, Czech Republic and Hungary. Retailers are innovating in logistics and fulfilment services to offer shoppers convenience and to underpin attempts to drive profitability. Meanwhile, companies more widely are investing in services that enable shorter deliv...
16 January 2020
Metro Group has reported sales growth of 2.2%, with same store sales up 1% compared to last year. Positive performance across most markets Metro Group saw Q1 sales hit €7.5bn, with strong growth in many of its markets. In Asia, sales were up by 3.2%, in part driven by positive currency effects. In Eastern Europe, same store sales increased by 5% and in Western Europe (excluding Germany), sa...
17 December 2019
We round up news from SPAR International partners in Austria, Gran Canaria and Russia as they invest in their store network and information technology. Austria: to open 20 new SPAR Express forecourt outlets In Austria, SPAR has announced it will open 20 new SPAR Express forecourt outlets across the country, over the next 14 months. The retailer has redesigned the layout of the new stores, w...
13 December 2019
With the upcoming disposals of the Chinese operations and Real, Metro Group will be better placed to focus on its core wholesale business. Disposals underway The sales of Metro China has been confirmed, with partner Wumei taking a majority stake. Metro Group is expected to receive over €1bn in net proceeds once the deal is completed. Metro has also confirmed that it is in exclusive talks ov...