Russia: latest retail news, insights and analysis | ESM Magazine

Russia's Magnit Extends Buyback Offer To Shares Held Through Euroclear

Russian retailer Magnit said it was extending a buyback offer to shareholders holding stakes through the clearing house Euroclear, a move that could o...

Russia's Magnit May Double Buyback Offer After Strong Demand, Sources Say

Russian retailer Magnit may increase its offer to buy back blocked shares at a discount by around double after seeing strong demand from Western investors...

Russia's Magnit Offers To Buy Back Foreigners' Shares At 50% Discount

Russian retailer Magnit said it was offering to buy back blocked shares at a 50% discount from foreign shareholders no longer able to trade its Moscow-list...

Poland Receives Draft EU Regulation Extending Ban On Ukrainian Food Imports

Poland's agriculture minister has received a draft regulation from the European Commission extending a ban on imports of some Ukrainian food products until...

Metro Sees Double-Digit Sales Growth In Second Quarter, EBITDA Down

Cash-and-carry giant Metro has reported a 10.5% increase in sales in local currency in the second quarter of its financial year, with reported sales rising...

Russian Supermarket Chain Lenta Sees Profits Slump In Q1

Russian supermarket chain Lenta's core profit slumped 62% in the first quarter of 2023 on an annual basis, the retailer said, due to weak consumer demand,...

Russia's Ozon Reports 55% Jump In Revenues In Full Year 2022

Russian online retailer Ozon has reported a 55% increase in revenue to RUB 277.1 billion (€3.08 billion) but costs related to a major fire a fulfilmen...

Russian Retailer X5's Profit Dented By Expansion Of Discount Chain

Russian food retailer X5 has said declining profit in its fourth quarter was partly owing to aggressive expansion of its network of discount stores as Russ...