X5 Retail Group has had a turbulent year. Management changes and a significant strategic shift that has sidelined the importance of M&A to t...
News that Andrei Gusev will stand down as X5 Retail Group chief executive caused shares in the Russian retailer to sink to a 52-week low on...
In a move that surprised some industry watchers, Wal-Mart Stores said today (13 December) that it would close its office in Moscow, where it has spent two years studying how to enter Russia's fast-growing retail sector.
Russia's leading grocery retailer X5 Retail Group's acquisition of soft discounter Kopeyka will give it a stronger base to drive aggressive growth plans in a heavily fragmented, but highly attractive market.
Russia, the world's 12th largest economy was hit hard by the global downturn. The drop in global manufacturing demand hit resource-rich Russia hard, which saw its GDP slump by 7.9% during 2009 in what was the country's worst recession in a decade.
The spotlight was on manufacturers this week as Heinz, Kerry Group and Del Monte all posted positive numbers.
Space expansion and like-for-like sales gains resulted in higher sales and profits at Russian retailer O'Key Group during 2013.
Russian food retailer O'Key Group has appointed Tony Denis Maher as its new chief executive officer.
Russian food retailer O'Key Group has announced an 8% increase in like-for-like revenues for 2013.
Russian retailer O'Key Group said it had a "very successful" third quarter after booking an increase in like-for-like sales.
Russian retailer O'Key has booked an increase in first-half earnings, boosted by increased store numbers.
O'Key Group has said it will look to reinvest margin improvements driven by improved purchasing terms into the development of its private label offer and strengthening of its price proposition.
Russian retailer O'Key Group has said it delivered a "strong" set of like-for-like results in the first half of the year.
The owners of Russian retailer O'Key do not plan to sell the business, the company has insisted, after an interview in which its chief executive said it could be a potential takeover target of Wal-Mart.
Russian grocery retailer Lenta is reported to be holding discussions with bankers over a potential listing in London.
Russian retailer O'Key has booked a jump in full-year sales and profits for fiscal 2012, as the group expanded into new cities in Russia.
Russian retailer O'Key Group today (11 April) booked a 5% rise in first-quarter like-for-like sales.
Russian retailer O'Key has seen its like-for-like sales rise during the fourth quarter, which contributed to a 24.5% increase in total revenue.
German retail giant Metro Group has sold its Real grocery chain in eastern Europe to French retailer Auchan for EUR1.1bn (US$1.4bn).
German retailer Metro Group has remained silent over reports it is closer to striking a deal to sell its Real grocery chain in eastern Europe to French retailer Auchan.
German retail giant Metro Group has declined to comment on reports it is in talks with several potential buyers for its Real stores in eastern Europe.
Metro Group has said the company's view on its Real hypermarket chain is "unchanged" despite reports linking three rivals to its stores in Russia.
Russian retailer O'Key has booked an increase in third-quarter sales amid a "stable" trading environment and an increase in selling space.
Russian retailer O'Key has said it plans to invest US$500m over the next four years on expanding in its home market.
Russian retailer O'Key has recorded an increase in half-year profits on the back of higher sales.
Russian retailer O'Key said today (10 July) that second-quarter sales grew by almost one-quarter, driven by increased selling space.
Russian retailer O'Key saw its profits increase by more than 20% in 2011 thanks to increased sales and cost cuts.
First-quarter sales at Russian retailer O'Key were ahead of its expectations, the company said today (10 April).
Russian food retailer O'Key has announced an increase in annual like-for-like sales.
Russian retailer O'Key has seen its sales growth slow in the third quarter of the year.
Grocery Retailers in Russia
Grocery retailers began to develop in Russia much earlier than other retailing channels. Grocery retailers in Russia has historically been a highly fragmented channel in which a high number of small i...
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