Russia's third-largest food retailer Dixy Group has reported a 21.2% year-on-year rise in July sales, following a 24% increase during the previous month.
Dixy recorded revenue of 14.8 billion rubles ($446.7 million), bringing the total result for the seven months of 2013 to around 101 billion rubles, an increase of 23.1% year-on-year.
The company, the third-biggest domestic grocery chain by sales behind Magnit and X5 Retail Group, had a total of 1,630 stores as of July 31, up from 1,284 a year ago. The retailer's portfolio includes 1,518 Dixy neighborhood stores, 80 Victoria stores, 1 Cash store and 31 compact hypermarkets under the MegaMart and MiniMart banners.
The first DIXY store was opened in Moscow in 1999 and operates in the Central, Northwest and Urals federal districts of Russia, and in the Kaliningrad region, employing a total of around 40,000 people. In 2011, the retailer acquired the Victoria Group, making it the third largest national food retailer by revenue, selling area, and number of stores.
© 2013 - ESM: European Supermarket Magazine by Ellen Lunney
