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Russia's X5 Reports Sales Growth, Driven By Store Expansion

Published on Apr 24 2018 8:58 AM in Retail tagged: Trending Posts / Russia / X5 / Paywall / quarterly figures

Russia's X5 Reports Sales Growth, Driven By Store Expansion

Russia’s largest retailer, X5 Retail Group, has reported retail sales growth of 20.2% in the first quarter of its financial year, driven by growth in its selling space.

The retailer recorded a 19.7% sales growth contribution from a 26.0% rise in selling space during the period.

The first quarter saw X5 adding a net total of 580 new stores and 253,323 square metres of selling space, down 8% from its 630 store openings for the same period last year.

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