RUSSIA: X5 sales driven by discount format
X5 Retail Group, Russia's largest retailer by sales, reported an 8.3% rise in net sales for fiscal 2012, driven by higher revenues at the group's discount formats.
The company said net sales for the year grew to RUB490.09bn (US$16.2bn) in the 12 month period. Fourth-quarter sales growth accelerated slightly, up 8.6% on the year.
The rise in sales was primarily driven by sales growth at discounters, convenience and supermarket growth lagged slightly. The company said growth reflected store openings, an improved performance from maturing stores and promotional activity. However, hypermarket sales continued to decline, the group added.
- It won't just be Unilever to push for Brexit hikes
- Danone's Q3 sales - what the analysts say
- Interview: UK trade body on Brexit's policy impact
- Interview: UK trade body on the impact of Brexit
- Future trends in natural food to go mainstream
- PepsiCo sets 2025 nutrition, sustainability goals
- Nestle lowers outlook on "softer environment"
- China "transition" drags on Danone Q3
- UK announces "action plan" to drive food exports
- France eyes leading role in proteins
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review
- Bakery (UK) - Industry Report
- Redefining Snacks: From Conventional Snacks to Snack Replacements