X5 Retail Group

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RUSSIA: Poor discounter traffic hits sales at X5 Retail Group

11 Oct 2012

X5 Retail Group has recorded a decline in third-quarter like-for-like sales amid falling sales at its hypermarkets and supermarkets.

RUSSIA: X5 Retail to invest in Tula region expansion

19 Sep 2012

Russian retailer X5 Retail Group is to invest RUR1bn (US$32m) in the Tula region, south of Moscow.

Editor's choice: the highlights on just-food this week

3 Sep 2012

The future direction of Carrefour was in the spotlight this week as the market waited to hear what CEO Georges Plassat had in mind for the retailer. Plassat outlined his plans but there was frustration he did provide more financial details. The retail sector dominated our coverage this week, with news Tesco plans to close stores in China, an interview with Russian retail giant Magnit and speculation Marks and Spencer could be on the radar of private-equity firms.

The just-food interview - Magnit deputy CEO Oleg Goncharov

31 Aug 2012

Russian retail colossus Magnit can lay claim to having had a rather buoyant year. As one of the country's largest food retailers, it has grown in tandem with the country's middle-class and seen its profits more than double in the first half of 2012. Michelle Russell talks to Oleg Goncharov, Magnit's deputy CEO and investor relations director, about the retailer's confidence in the market, opportunities for growth and the year ahead.

RUSSIA: Fuchs latest senior exec to leave X5 Retail Group

29 Aug 2012

Jan Fuchs has become the latest senior executive to leave Russian retailer X5 Retail Group.

Editor's choice: the highlights on just-food this week

24 Aug 2012

Europe's food sector saw its latest piece of consolidation this week with Orkla's bid to buy Nordic rival Rieber & Son. Elsewhere, US food group Hain Celestial continued its UK expansion with its deal to acquire brands from Premier Foods. Tesco grabbed the headlines with its U-turn on nutrition labels and we had a run of retail results from grocers including Ahold, Delhaize and Russia's X5 Retail Group.

BRICs and beyond: Russia's X5 struggles to deliver on strategic objectives

22 Aug 2012

X5 Retail Group has had a turbulent year. Management changes and a significant strategic shift that has sidelined the importance of M&A to the group's expansion plans have combined with an intensely competitive market to leave Russia's largest retailer losing share to its peers. Katy Askew suggests the next 12 months will be telling for the company.

RUSSIA: X5 posts profit drop

21 Aug 2012

X5 Retail Group has booked a 21% decline in first-half profits, with declining sales and margins hitting the bottom line and currency exchange dampening comparisons.

UPDATE: RUSSIA: Retailer Dixy focuses growth on c-stores

25 Jul 2012

Russian retailer Dixy is focusing its growth strategy on expanding its convenience store network in the country.

RUSSIA: Magnit H1 profits double

24 Jul 2012

Russian grocery retailer Magnit has booked a 142% jump in first-half profits, driven partly by higher sales.

What the analysts say: The surprise exit of X5 CEO Gusev

17 Jul 2012

Last week's shock announcement that X5 Retail Group CEO Andrey Gusev resigned caused the Russian retailer's share price to tumble. X5 also booked a mixed set of second-quarter results that showed the retailer was only able to slow - but not reverse - declining like-for-like and customer traffic trends. Analysts in Moscow are split over its performance in the market and the outlook for the country's largest retailer, but there is agreement the departure of Gusev will come as a blow.

On the move: X5 CEO Gusev's departure offers cause for concern

16 Jul 2012

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 Saturday (14 July). The market responded negatively to fears that an unstable management team will be unable to drive growth as X5 struggles to improve organic sales trends. The sudden nature of the announcement and lack of clarity over the reasons for Gusev's departure augmented these concerns. Katy Askew reports.

Editor's choice: the highlights on just-food last week

16 Jul 2012

UK dairy farmers this week gathered at a summit in London to air their views on recent cuts in prices to liquid milk and the implications of the cuts. In the US, PepsiCo and Müller made the much-anticipated launch of their yoghurt range, while Campbell Soup Co. indicated it is eyeing expansion into new categories through its acquisition of carrot-to-beverage firm Bolthouse Farms.

RUSSIA: X5 Retail CEO Gusev steps down

13 Jul 2012

The CEO of Russian retailer X5 Retail Group Andrei Gusev has quit after just one year in the role.

RUSSIA: X5 Retail H1 LFL sales fall

13 Jul 2012

Russian retailer X5 Retail Group has reported a fall in half-year sales, although there are signs its performance could be improving.

RUSSIA: Lidl exec Mros joins X5 Retail

4 May 2012

X5 Retail Group has appointed Lidl executive Frank Michael Mros as director of the company's soft discount stores.

RUSSIA: Russian retailer X5 bids for Siberian chain

17 Apr 2012

Russian retailer X5 Retail Group wants to take over the Siberian retail chain Holiday Classic.

Editor's choice: the highlights on just-food this week

16 Apr 2012

After a relaxing Easter break, news of another piece of M&A in the UK food sector emerged with a potential management buy-out at cake maker Lees Foods. Later in the week, another UK manufacturer, Adelie Food Holdings, made the headlines with news of its sale to an Indian buyer. Embattled retailers Carrefour and US grocer Supervalu Inc providing trading updates to the market. And, our pages carried an exclusive interview with the chairman and CEO of Spanish food manufacturer Ebro Foods. Click on the headlines for more.

RUSSIA: Retailer X5 reports drop in Q1 like-for-like sales

11 Apr 2012

X5 Retail Group saw its like-for-like sales fall almost 4% in the first three months of the year, the Russian retailer reported today (11 April).

RUSSIA: Pyatyorochka founder Vysotsky exits X5

6 Mar 2012

X5 Retail's discount format director Oleg Vysotsky is leaving the supermarket group, the company has confirmed.

RUSSIA: Wal-Mart quiet on "Russian recruitment" reports

15 Feb 2012

Wal-Mart Stores has remained quiet on reports that it has hired Ekaterina Ishevskaya, the former commercial director of local giant X5 Retail Group, as it gears up to expand in the Russian market.

Quote, unquote: just-food's week in words

23 Jan 2012

Executives at Müller and Robert Wiseman Dairies espoused the benefits of the German yoghurt maker's decision to buy the UK milk supplier, a deal that divided analysts. Industry watchers also scrutinised the latest trading updates from Premier Foods plc, the UK's largest food manufacturer and Carrefour, the French retail giant, while Kraft Foods chief Irene Rosenfeld said the US group's 2011 results means it is one of the industry's better performers - on the day job cuts of 1,600 were announced.

RUSSIA: Retailer X5 reports Q4 LFL sales stumble

20 Jan 2012

Major Russian retailer X5 Retail Group saw its shares dip today (20 January) after it posted a fourth-quarter drop in like-for-like sales.

RUSSIA: Retailer X5's Q3 loss lower than expected

29 Nov 2011

X5 Retail Group, Russia's largest retailer by sales, reported a US$2.1m third-quarter loss this morning (29 November) but the result was better than analysts had expected.

RUSSIA: X5 names Rewe's Fuchs hypermarket chief

1 Nov 2011

Russian retailer X5 Retail Group has appointed Rewe executive Jan Fuchs as the director of its hypermarkets.

RUSSIA: X5 lowers forecast in face of economic woe

11 Oct 2011

X5 Retail Group, Russia's largest retailer by sales, has lowered its forecast for full-year sales growth.

US: Wal-Mart hires former X5 chief Khasis

9 Sep 2011

Wal-Mart Stores has appointed the former chief executive of Russia's largest retailer by sales to a senior executive role.

RUSSIA: X5 appoints Sotnikov to lead supermarket division

1 Sep 2011

X5 Retail Group, a major Russian retailer, today (1 September) announced the appointment of Igor Sotnikov as its supermarket format director.

RUSSIA: X5 controls costs to report strong H1

25 Aug 2011

X5 Retail Group, Russia's largest retailer by sales, has reported a strong first half, with double-digit growth in sales and profits.

RUSSIA: Lenta shareholders buy out Svoboda

10 Aug 2011

Over a year of animosity between the owners of Russian grocery retailer Lenta is set to end, with three of the shareholders buying out the fourth investor.

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