DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5

Russia's O'Key Group Opens Two New Da! Stores In Q1 2019

By Dayeeta Das
Share this article
Russia's O'Key Group Opens Two New Da! Stores In Q1 2019

Russia's O'Key Group has announced that it has opened two new discounter outlets under the Da! banner in the first quarter of 2019.

The first store opened in Klin in the Moscow region at the end of February. The second store opened on 28 March in Kaluga.

The new additions take up the total number of stores under the Da! banner to 84.

Growth Strategy

The move is in line with the retail group's strategy to expand the discounter format.

In 2018, year-on-year revenue generated by Da! grew by 31.9% to RUB 13,616 million (€189.8 million).

ADVERTISEMENT

It was supported by steady growth in traffic (up 22.1% year-on-year) and the average ticket (up 5.4% year-on-year).

The retail group opened 19 Da! outlets in 2018.

© 2019 European Supermarket Magazine – your source for the latest retail news. Article by Dayeeta Das. Click subscribe to sign up to ESM: European Supermarket Magazine.

Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.