Russia

  • News

    Inditex plans 50 to 60 Russian store openings

    2012-10-31T11:19:00Z

    Spanish clothing retailer Inditex aims to open 50 to 60 stores a year in Russia. The shops will open in major cities, with the first scheduled for 2013 in Vladivostok, in the Russian Far East. Inditex operates 274 stores in Russia at present – 58 under the Zara ...

  • News

    Vester sells hypermarkets to Lenta and Magnit

    2012-10-24T07:00:00Z

    Kaliningrad grocer Vester has sold its hypermarkets in European Russia to Lenta and Magnit, having been unable to find a single buyer. Lenta bought four stores in Yaroslav, Voronezh and Orenburg, while Magnit acquired three stores in Voronezh and Belgorod. Vester, which is owned by its creditor Sberbank Capital, will ...

  • News

    X5 Retail Group reports net retail sales increase

    2012-10-17T12:45:00Z

    X5 Retail Group reported a consolidated net retail sales increase of 10.4% to RUB115.88bn (£2.33bn) in its third quarter. The increase was driven by sales growth at Pyaterochka and to a lesser extent by store growth at its supermarkets and promotions. X5’s like-for-like sales in quarter three declined by 0.7%, ...

  • News

    Auchan to open electronics and home appliances store

    2012-09-05T07:00:00Z

    Auchan has revealed plans to open its first electronics and home appliances store in Russia later this month under the Elektrodiscont banner. The first shop will be in Altufevo, north of Moscow, and further stores will follow if it is a success. The shop will have a multichannel focus. Auchan ...

  • News

    Media-Saturn acquires electronics etailer 003.ru

    2012-08-01T07:00:00Z

    Germany-based Media-Saturn, part of the Metro Group, has acquired Russian electronics etailer 003.ru from founder Vladislav Oulendeev, subject to approval by anti-trust authorities. Media-Saturn chief executive Horst Norberg said: “Our objective is to position our new subsidiary in Russia as an inexpensive online retailer, similar to Redcoon in Western Europe.” ...

  • News

    X5 Retail Group chief executive resigns

    2012-07-19T07:00:00Z

    Leading grocery retailer X5 Retail Group has disclosed that Andrei Gusev has resigned as chief executive. However, he will continue to work with the company in an advisory capacity. Board member Stephan DuCharme will assume Gusev’s role on a temporary basis. The change came at the same time as the ...

  • News

    Metro Cash & Carry to launch online store

    2012-06-14T07:00:00Z

    Metro Group-owned Metro Cash Carry plans to launch an online store in the fourth quarter of this year. The service will be aimed at small offices with a product range consisting of office and cleaning supplies and tea and coffee. In August, Metro will begin testing the IT ...

  • News

    X5 Retail Group appointed new format director

    2012-05-09T07:00:00Z

    Grocer X5 Retail Group has appointed Frank Michael Mros as format director of discounter Pyaterochka. Mros has over 18 years of retail experience in Europe, previously serving as managing director of Schwarz Group-owned Lidl in Germany. He also led Lidl’s entry into Eastern Europe and was managing director of ...

  • Mamas & Papas has become the latest UK retailer to unveil expansion plans for Russia
    Analysis

    Russia: Retail opportunities and challenges

    2012-05-08T16:23:00Z

    Mamas Papas has become the latest UK retailer to unveil expansion plans for Russia, attracted by the scale of opportunity. But building a business in the country is not always straightforward.

  • News

    Dixy plans store growth in 2012

    2012-05-03T07:00:00Z

    Dixy Group chief executive Ilya Yakubson has revealed plans for a secondary public offering of $300m (£185m) in the second half of 2013. He added that Dixy plans to open 250 to 300 new stores this year. Dixy Group’s revenue in the first quarter grew by 93.1% to RUB34.7bn (£727m) ...