Russian retailer Dixy has booked an 89.5% jump in first-half sales, which were boosted by its merger with local rival Victoria Group and store openings.
In a statement released today (25 July), the company said first-half sales rose to RUB70.9bn (US$2.16bn). Dixy acquired Victoria last June.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
On a pro-forma basis, including Victoria’s results from the start of 2011, sales increased 20.7%, the company said.
First-half like-for-like sales rose by 4.49%. This increase was driven by a 5.04% increase in basket size, which more than offset a 0.52% decrease in traffic.
Looking to the full year, Dixy said that pro-forma sales – which are adjusted to take into account the Victoria acquisition – are expected to grow by 20-25%.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
