Russian retail market
Rising disposable incomes and growing consumerism is changing the way Russians buy their food and, according to a recent report from the Polish market research and consultancy group PMR, this is leading to a larger market share and huge opportunities for supermarket operators. Ben Cooper reports.
Food buying patterns change as Russian retail market booms
1 March 2007
Rising disposable incomes and growing consumerism is changing the way Russians buy their food and, according to a recent report from the Polish market research and consultancy group PMR, this is leading to a larger market share and huge opportunities for supermarket operators. Ben Cooper reports.
RUSSIA: X5 reports 2006 sales growth
1 March 2007
Amsterdam-based X5 Retail Group NV, Russia's largest food retailer in terms of sales, has reported a 47% pro forma revenue increase for 2006 to US$3.49bn.
RUSSIA: Wal-Mart linked with Karusel buy
28 February 2007
US retail giant Wal-Mart is reportedly in buyout talks with Russian hypermarket chain Karusel.
RUSSIA: X5 adds to management team
14 February 2007
X5 Retail Group, Russia's largest food retailer, has made several appointments to its senior management team.
RUSSIA: Wal-Mart eyeing market, but no plans to enter
13 February 2007
The world’s largest retailer Wal-Mart has told just-food that while it is watching the Russian retail market with interest, it does not currently have any plans to enter the sector.
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