• News

    X5 Retail Group reports net retail sales increase


    X5 Retail Group has reported a 32% increase consolidated net retail sales of RUB452.5bn (£9.3bn) for 2011. Like-for-like sales rose 6%, with a 1% drop in customer traffic and a 7% increase in average basket. However, like-for-like sales growth at Pyaterochka more than halved to 5% compared with last year ...

  • News

    Rewe Group to acquire Citistore chain


    Rewe Group’s supermarket division Billa in Russia is to acquire the Citistore chain operating 17 retail stores in Moscow. Citistore, formerly known as Migros Turk’s Ramstore, consists of seven owned and 10 long-term leased stores with a total sales area of 215,000 sq ft. Billa has opened just 72 stores ...

  • News

    Magnit reports revenue increase


    Grocery retailer Magnit has reported that preliminary consolidated, unaudited net retail revenue increased 42.1% to RUB335.6bn (£6.9bn). The retailer reported strong like-for-like sales growth of 11.1% together with increases of 9.7% in basket and 1.3% in traffic. Supermarkets and neighbourhood stores outperformed hypermarkets with like-for-like growth of 11.6% and 6.7% ...

  • News

    Otto Group set to achieve strong revenues in Russia


    German online and mail order retailer Otto Group expects to achieve revenues of about e500m (£412.5m) for the financial year to February 29, 2012, in Russia. Otto Group operates several mail order banners such as Bonprix, Quelle, Witt and Otto in the country. In the medium term, it expects to ...

  • Kingfisher

    Which are the most exciting emerging markets?


    So where will you head off to in 2012? To help plan your international forays this year, Rebecca Thomson considers some of the most exciting emerging international retail markets in the most unlikely of places.

  • News

    X5 Retail Group plans ecommerce launch


    Grocery retailer X5 Retail Group is thought to be planning to launch an ecommerce banner called E5 in the second half of 2012. The website would allow consumers to order goods online and pick them up in Pyaterochka, Perekrestok and Karusel stores.

  • News

    Ikea clarifies Russian market plans


    Ikea has clarified its plans for the Russian market over the next few years and expects to invest e180m (£154m) to open three new stores. The shops will be located in Moscow, St Petersburg and one of the country’s other ‘megacities’ with a population over 1 million. The Moscow ...

  • News

    Auchan to open six hypermarkets in 2012


    Auchan will open six hypermarkets in Russia in 2012, Auchan Russia chief executive Jean-Pierre Germain has revealed. “We will open six classic hypermarkets next year and continue to work on projects that are not yet complete,” Germain said. The hypermarkets will be located in Nizhny Novgorod, Ryazan, Tyumen, Ulyanovsk, Volgograd ...

  • News

    Ikea plans fourth Russian store


    Home furnishings retailer Ikea aims to at least double its store count in Moscow. The retailer is understood to be planning a fourth store that would be its largest in Russia to date. The project involves a 50-hectare shopping centre located in Mytishchi, just north of Moscow, and will ...

  • News

    Gap opens first franchised Banana Republic store in Russia


    Clothing retailer Gap has opened its first franchised Banana Republic store in Russia, in AfiMall City, Moscow. Gap began offering its Gap and Banana Republic products online to Russian consumers through its international online shipping provider in 2010. Fiba Holding will manage the store under Gap’s existing franchise agreement. ...