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.

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%. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.