Russian retailer Dixy saw its full-year sales rise by almost one-quarter as it opened new stores and grew like-for-like sales.
The company said today (28 January) that sales rose 22.7% in the 12 months to end-December, climbing to RUB180.2bn (US$5.7bn). Gains were driven by store openings and the group opened 300 new outlets in the period.
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Dixy’s like-for-like sales were hit by a 2.2% drop in footfall and a reduction in opening hours – part of the group’s rationalisation programme that is targeting higher returns. Nevertheless, Dixy was able to grow basket size by 6.23% – more than offsetting the reduced number of transactions.
The company said total like-for-like sales gained 3.9% in the period.
