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Russia's X5 struggles to deliver on objectives

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...

X5 CEO Gusev's departure raises concerns

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...

Comment: Wal-Mart ran out of options in Russia

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...

Comment: Is Russia resurgent?

Russia, the world's 12th largest economy was hit hard by the global downturn. The drop in global manufacturing demand hit resource-rich Russ...

Latest News

Space, LFL growth lifts O'Key result 26 Mar 2014

Katy Askew

Space expansion and like-for-like sales gains resulted in higher sales and profits at Russian retailer O'Key Group during 2013.

O'Key appoints ex-Wimm-Bill-Dann boss as CEO 29 Jan 2014

Hannah Abdulla

Russian food retailer O'Key Group has appointed Tony Denis Maher as its new chief executive officer.

Russia's O'Key claims "industry-leading" LFL growt 24 Jan 2014

Hannah Abdulla

Russian food retailer O'Key Group has announced an 8% increase in like-for-like revenues for 2013.

O'Key Group records "successful" Q3 11 Oct 2013

Michelle Russell

Russian retailer O'Key Group said it had a "very successful" third quarter after booking an increase in like-for-like sales.

O'Key H1 earnings climb 30 Aug 2013

Michelle Russell

Russian retailer O'Key has booked an increase in first-half earnings, boosted by increased store numbers.

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