X5 Retail Group has reported strong first-half sales, lifted by the performance of its price-led Pyaterochka shops.
The grocery group’s consolidated net retail sales soared 46 per cent in local currency to RUR130.91bn (£2.48bn) or 6 per cent in dollars. Retail like-for-likes climbed 12 per cent year on year in local currency.
In the second quarter, traffic to Pyaterochka increased, driving its like-for-likes up 18 per cent year on year. The group added 20 stores that quarter.