Russian food retailer O’Key Group has announced an 8% increase in like-for-like revenues for 2013.
The company, one of the largest retail chains in Russia, said its underlying sales led the sector.
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O’Key CEO Patrick Longuet said: “Our like-for-like revenue increased by an industry leading 8% for the full year and reached the highest level over the last three years.
He commented on higher ticket growth during 2013 despite “growing competitive pressures,” and an increase in the average number of items per basket.
“Customers are putting more products in their O’Key baskets than they were a year ago. This is the first time in several years that we have seen average basket growth, which is very encouraging.”
Its net retail revenue during 2013 was RUB137.6bn (US$3.97bn), up 18.7% on the year.
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By GlobalDataAs of 30 June, O’Key had 85 stores in Russia – 54 hypermarkets and 31 supermarkets.
Longuet said O’Key had secured locations for 42 more hypers and 28 supermarkets.
