Russia's X5 Retail Group Posts Positive Like-For-Like Sales In Third Quarter
Russian retail giant X5 Retail Group has posted a 3.9% increase in like-for-like sales in the third quarter of its financial year, with traffic numbers up 0.5% and average basket size up 3.4%.
The group posted total net retail sales of RUB 420.7 billion for the period (€5.93 billion), which was up 12.8% year on year. This included a 8.9% sales contribution from new store openings, with the group opening 492 new stores in the quarter.
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