Russia’s largest grocery retail operator Pyaterochka Holdings today revealed that same-store sales increased by 10% from January to September.
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The merger of Russian chains Pyaterochka and Perekriostok created the nation’s largest retailer last May. Pyaterochka’s sales rose 7% when compared to the same period last year, while Perekriostok’s sales increased by 14%. No specific figures were provided.
The company operates 420 Pyaterochka stores and 139 Perekriostok stores throughout the country. Between July and September the group opened 32 Pyaterochka outlets, including 14 in Moscow, 15 in St. Petersburg and three in Yekaterinbug, and eight Perekriostok outlets, including four in Moscow, two in St. Petersburg and two in other regions. Pyaterochka Holdings also had 539 Pyaterochka franchised outlets in Russia, Kazakhstan and Ukraine.
Pyaterochka’s consolidated net sales rose 23% on the year to US$1.359bn in 2005. The net revenue of Perekriostok amounted to US$1.01bn in 2005.
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By GlobalData
