View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
April 2, 2008

RUSSIA: Dixy plans expansion after strong ’07

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.

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.

The company said it would open 100 more stores in 2008, expansion that will help it boost its total selling space by 30% to 200,000 sq metres.

Dixy operates 393 stores in Russia across four formats. The company’s core business is discount retailing with some 372 namesake outlets in its roster.

The company saw like-for-like sales rise 28% in 2007. Net sales – including the impact of new stores – jumped 43.7% to US$1.4bn. Net income rose 86.2% to $16.7m.

“The company’s 2007 results are quite impressive,” said president Vitaly Klyuchnikov. “Our efforts, aimed at the expansion of our customer base and the development of retail formats, enabled us to increase the effectiveness of operations and profitability of our business.”

Related Companies

Topics in this article: ,
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food