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Russia's X5 Retail Group To Increase Focus On Proximity Segment Following Strong Growth

Published on Jul 16 2020 10:10 AM in Retail tagged: Trending Posts / Russia / X5 Retail Group / Pyaterochka / Perekrestok / Karusel / Paywall

Russia's X5 Retail Group To Increase Focus On Proximity Segment Following Strong Growth

Russia's X5 Retail Group has said that the proximity segment was the main contributor to growth in the second quarter of its financial year, with the business continuing to 'benefit from its strategic focus' on this area.

The group posted a 13.2% increase in net retail sales in the quarter, driven by a 4.3% increase in like-for-like sales, and 8.9% sales growth due to a rise in sales space.

Performance By Division

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