Russia's X5 Retail Group Sees 5.0% Increase In Like-For-Like Sales
Russia's X5 Retail Group has posted a 5.0% increase in like-for-like sales in the second quarter of its financial year, with all its divisions posting growing in the period.
The group's Pyaterochka banner saw like-for-like sales up 4.8%, driven by growth in both traffic (+3.2%) and basket size (+1.6%).
Its Perekrestok banner posted a like-for-like gain of 7.7% (traffic up 6.3% and basket up 1.3%), while Karusel, its hypermarket division, posted a marginal like-for-like increase of 0.4% (traffic down 3.5%, basket up 4.1%).
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