Dixy Group

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High-risk Russian retail remains promising prize

19 Oct 2009

The surprise announcement that French retail giant Carrefour will exit Russia throws into sharp relief the number of challenges facing retailers in the market. While growing disposable local income had fostered the development of modern retailing, the dramatic impact of the economic downturn has put the spending power of Russian consumers under pressure. Retailers operating in the market have come in for a bumpy landing. Nevertheless, Russia still offers the greatest long-term growth prospects in Europe. Katy Humphries reports.

COMMENT: Russia's food retailers playing for high stakes

14 Jul 2009

Russia's food retail landscape is in a state of a flux - and the country's leading grocers are jostling for position. In recent days, there have been a raft of buoyant sales figures despite the impact the downturn has had on consumer spending. However, weak financial markets have hurt a number of smaller players and promises to herald a period of consolidation in Russia - involving both domestic and foreign heavyweights. Dean Best reports.

RUSSIA: Forex hits Dixy Q1 profits

2 Jun 2009

Russian retailer Dixy Group has posted a first-quarter net loss today, hurt by foreign exchange losses.

RUSSIA: Dixy sees foreign invasion ahead

8 May 2009

The Russian food retail sector will see a "dramatic" increase in foreign investment within three years, the World Retail Congress was told today (8 May).

RUSSIA: Dixy sales jump 19%

21 Apr 2009

Russian retailer Dixy Group has posted a 19% jump in first quarter revenue in ruble terms, benefitting from consumers who are turning to the discount food group to cut grocery bills.

RUSSIA: Dixy Group secures credit lines

6 Apr 2009

Russian retailer Dixy Group has secured credit lines lasting 12 months with VTB Bank and Alfa Bank totalling RUB2.6bn (US$78m).

Russia's grocers can withstand economic slump

9 Mar 2009

Russia's economy, buoyed in recent years by the country's vast natural resources, kicked off 2009 with something of a whimper. Nevertheless, there is the feeling that Russia's food retail sector could provide a beacon of hope in a tough wider global food market in 2009.

RUSSIA: Dixy to fold VMart chain

4 Mar 2009

Russian retailer Dixy Group is to close its VMart convenience stores in St Petersburg, the company announced today (4 March).

RUSSIA: Dixy appoints president

6 Feb 2009

Russian retailer Dixy Group’s board of directors has appointed Ilya Yakubson to the position of president.

RUSSIA: Dixy triples nine-month profits

11 Dec 2008

Russian discount food retailer Dixy today (11 December) booked a jump in nine-month net profit on the back of efficiency improvements and sales growth.

UPDATE: RUSSIA: Dixy confirms London listing U-turn

29 Oct 2008

Russian retailer Dixy Group has confirmed reports that it has scrapped plans to list in London and said more shares would be offered to existing investors.

RUSSIA: Dixy "drops London listing plan"

29 Oct 2008

Russian retailer Dixy Group has booked a 45% jump in nine-month sales but has reportedly dropped plans to list in London due to the financial crisis.

RUSSIA: Dixy growth continues into Q1

21 Apr 2008

Russian retailer Dixy Group has seen its growth continue into 2008 with sales up 49% during the first three months of the year.

RUSSIA: Dixy plans expansion after strong '07

2 Apr 2008

Dixy Group, the Russian retailer, said today (2 April) that it plans to further expand its store footprint in the wake of strong sales growth last year.

RUSSIA: Dixy displays Russian retail growth

23 Jan 2008

Russian retailer Dixy Group has followed rival X5 Retail Group in reporting strong full-year sales.

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