Russia's X5 Retail Group Posts 3.7% Increase In Like-For-Like Sales In Q4
Russian retailer X5 Retail Group has posted a 3.7% increase in like-for-like sales in the fourth quarter of its financial year, as well as a 13.4% sales growth contribution from increased selling space.
Fourth quarter sales at the group totalled RUB 420.9 billion (€5.59 billion), of which RUB 326.5 billion was recorded at its Pyaterochka stores (+18.1%), RUB 67.2 billon was recorded at Perekrestok (+23.0%), and RUB 26.1 billion was recorded at Karusel (+0.5%).
Its Pyaterochka chain saw a 0.8% increase in average basket value in the fourth quarter, while Perekrestok saw a 0.8% decline, and Karusel posted a 3.1% increase.
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