All Russia articles – Page 6
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News
Rewe acquires stores from Enka
German retailer Rewe has won approval from the Russian competition authorities to acquire 12 Citistores from Turkish group Enka. The shops, in the greater metropolitan area of Moscow, will be converted to the Billa supermarket format in the coming months. Rewe also plans to open around 10 new Billa stores ...
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News
Auchan plans private-label increase
French retailer Auchan plans to increase sales of private-label in its Russian stores by 80% within two years. It also hopes to up its Russian stores from 1,700 to 3,000, said Auchan Russia board member Ludovic Holinier. In 2011, the retailer opened 12 stores in the country. The retailer recently ...
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GalleryHamleys refits to create the ‘world’s best toy shop’
Hamleys’ Regent Street flagship store is being overhauled ahead of the Olympics to make it “the best toy shop in the world”.
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NewsChina becomes world's largest grocery market
China has overtaken the US as the world’s largest grocery retail market.
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NewsHeathrow reports record retail sales
Heathrow Airport has reported a record retail sales of £1.7bn.
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AnalysisLondon 2012: will retailers benefit?
You don’t need a ticket to gain extra sales from this year’s Olympic Games but, as Mark Faithfull reports, not all retailers stand to benefit from the events taking place in the UK this summer.
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News
X5 Retail to launch first Kopeyka convenience store
Grocer X5 Retail is to launch its first Kopeyka convenience store and will increase its focus on private-label at its Pyaterochka supermarkets. The group plans to develop the convenience store network through its Express Retail subsidiary in the Moscow region. Express Retail has been developing Perkrestok Express convenience stores in ...
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News
Seven & I to enter Russian market
Japan-based Seven & I plans to enter the Russian market. The convenience store group is expected to set up a joint venture or franchise agreement with local partners, however, it has not yet commented on the development. Russian Franchising Association head Yuri Mickle said: “We have studied the strategy of ...
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News
Svyaznoy posts net sales increase
Mobile phone retailer Svyaznoy has posted a net sales rise at its online store of 133% in 2011, thanks largely to sales of electronic items such as laptops, digital cameras, as well as accessories. The number of visitors to the site soared 71.4% in 2011 with the highest activity recorded ...
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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 ...
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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 since ...
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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% ...
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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 ...
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AnalysisWhich 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.
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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.
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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 store ...
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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 and Rostov-on- ...
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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 be ...
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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.
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News
X5 Retail Group introduces new convenience store format.
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 a ...