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Discounter Format Drives Growth At Russia's O'Key Group In First Half

Published on Aug 28 2020 8:56 AM in Retail tagged: Trending Posts / Russia / O’Key Group / Paywall / World News / Sova Capital

Discounter Format Drives Growth At Russia's O'Key Group In First Half

Russia's O'Key Group saw sales at its Da! discounter chain grow by close to a third in the first half of its financial year, which helped lift the group's net retail revenue by 7.3% in the period.

The Da! arm of the business saw net retail revenue up 31.3%, with the business seeing a 2.6% increase in traffic and a 28.0% increase in basket size.

Its core O'Key business saw revenue up 4.3%, with a 13.4 decrease in traffic – due to coronavirus restrictions – and a 20.5% increase in average basket.

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