All Russia articles – Page 6

  • News

    Ikea plans fourth Russian store

    2011-11-25T07:00:00Z

    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

    2011-09-15T07:00:00Z

    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. ...

  • News

    X5 Retail Group introduces new convenience store format.

    2011-08-10T12:50:00Z

    X5 Retail Group has introduced a new concept of its Perekrestok Express convenience store format. The new stores have a smaller sales area, ranging from between 755 sq ft and 2,155 sq ft, and the product range includes ready meals, convenience food and fresh bakery products. X5 plans to introduce ...

  • News

    Euroset acquires 446 stores

    2011-07-25T00:00:00Z

    Mobile phone retailer Euroset has acquired 446 stores from rival Svyaznoy. The company will immediately proceed with rebranding the stores, which include 70 in Moscow, to Euroset and Beeline. Euroset president and chief executive officer Alexander Malis said: “Our goal was to acquire the most attractive Svyaznoy stores that generate ...

  • News

    Net retail sales increase at X5

    2011-07-12T17:21:00Z

    Grocery giant X5 said consolidated net retail sales increased by 41% to RUB112.2bn (£2.44bn) in the second quarter of the financial year. The impressive performance was attributable to X5’s supermarket chains, Perekrestok and Pyaterochka which saw sales up 18% on a like-for-like basis. During the quarter, X5 added 138 net ...

  • News

    X5 Retail Group elects new chief executive

    2011-03-18T00:00:00Z

    RUSSIA

  • News

    Dixy Group revenue increases 19.4% to £1.4bn

    2011-02-04T09:56:00Z

    Dixy Group posted a 19.4% increase in its 2010 revenues to RUB64.7bn (£1.4bn). Like-for-like sales grew by 2.8%, boosted by strong like-for-like growth in the Urals, which were up 5.5%. The grocer closed the year with 646 stores, including 623 Dixy supermarkets, 15 Megamart hypermarkets and eight Minimart stores, located ...

  • News

    X5 Retail Group net retail sales rise

    2011-01-25T00:00:00Z

    RUSSIA

  • News

    Walmart is to close office in Moscow

    2010-12-17T00:00:00Z

    Walmart is to close its office in Moscow. International chief executive Doug McMillon said: “The Russian market is a compelling retail opportunity and we believe that Russian consumers could benefit from Walmart’s value proposition. “Since we have decided to enter the market through acquisition, not greenfield development, and since ...

  • News

    X5 Retail Group to acquire Kopeika

    2010-12-17T00:00:00Z

    X5 Retail Group has announced that it has signed an agreement to acquire Kopeika in a transaction with a total enterprise value of RUR51.5bn (£1.05bn) including assumption of debt. X5 Retail Group has acquired a strong network of Kopeika price-oriented supermarkets which will be rebranded to the Pyaterochka banner. The ...

  • Walmart
    News

    Walmart closes Moscow office

    2010-12-13T13:28:00Z

    Walmart is to close its office in Moscow, but said that it remains interested in entering the Russian market through “an attractive acquisition”.

  • News

    X5 Retail Group to acquire Kopeika

    2010-12-10T00:00:00Z

    X5 Retail Group has signed an agreement to acquire Kopeika in a transaction with a total enterprise value of RUR51.5bn (£106bn) including assumption of debt. As a result of the transaction, X5 will reinforce its number one position in the Russian retail market, mainly in Moscow and the Moscow region ...

  • News

    X5 Retail Group launches provincial format under Pyaterochka-Maxi

    2010-11-25T10:42:00Z

    X5 Retail Group has launched a new small town/provincial format operating under the Pyaterochka-Maxi banner in its domestic market. The first store opened at the Avtobus shopping centre in Syzran, in the Samara region. Pyaterochka-Maxi is a superstore-sized warehouse club with a sales area of 38,000 sq ft. It offers ...

  • india_map.jpg
    Analysis

    A world of international retail opportunities

    October 29 2010

    Emerging markets globally have retail potential, but could any be the new China? By Tim Danaher

  • News

    X5 Retail Group acquisition of Kopeika may not go ahead

    2010-10-21T19:02:00Z

    Despite having received approval from the Russian Anti Trust Office to acquire Moscow-based retail chain Kopeika, X5 Retail Group has said that the acquisition may not go ahead. Initially Kopeika aimed to sell its stake to X5 Retail Group at the beginning of October for an estimated $1.5bn (£1bn) including ...

  • News

    Saturn opens its first store in Russia

    2010-10-14T00:00:00Z

    Metro Group-owned consumer electronics retailer Saturn has opened its first store in the country. The 5,060 sq ft store is located in Moscow’s Vegas Mall, the country’s largest shopping centre. A second Saturn store is scheduled for Voronezh in late 2010 and several other stores are being planned. Metro Group’s ...