Russian Retail: latest news, insights and analysis | ESM Magazine

X5 Continues Russian Expansion With Acquisition Of 99 Ufa Stores

Russia's X5 Retail Group has completed its acquisition Ufa Grocery, which includes 99 former Polushka stores located in Bashkortostan. As part of the tr...

Lenta Sales Up 19%, Driven By Russian Expansion Plan

Russian retailer Lenta has announced that total sales grew by 19.2% to RUB 265.2 billion in 2017, driven by the group's ongoing expansion plans. Adjuste...

Russian 'Promo Addicts' Find Recession Retail Habits Hard To Break

Russians are still hooked on shopping habits that got them through the country’s worst recession this century as the economy lurches out of recovery...

Russian Oligarch Walks Away From His $8 Billion Retail Empire

In 1998, Sergey Galitskiy opened a small grocery in his hometown of Krasnodar, 800 miles south of Moscow. Over the next two decades he expanded that mod...

Spar Russia Expands Into Astrakhan With New Partnership

Spar Russia has signed a new licensing agreement, which will see the retailer expand into the southern federal district of Astrakhan. The first Spar sup...

X5 Retail To Trade On Moscow Stock Exchange From February

Russia's X5 Retail Group has announced that it will start trading on the Moscow Stock Exchange from 1 February 2018. The retailer said last week that it...

Growth And Expansion Driving Russian Retail Market: Analysis

As one of Europe's largest retail markets, competition is high in Russia, and while the sector remains highly fragmented, with 'mom and pop' stores do...

Russia's Magnit Posts 6% Sales Increase In 2017

Russian retailer Magnit recorded a strong performance in 2017, with sales increasing 6.37% to RUB 1,143.29 billion. Gross profit increased to RUB 304.71...