Russia: latest retail news, insights and analysis | ESM Magazine

Russia's Ozon Raises Guidance After Reporting Loss In Core Earnings

Russian online retailer Ozon has reported a widening loss in core earnings in the second quarter of its financial year, but raised its full-year guidance f...

Russia's X5 Retail Group Sees 10.7% Jump In Second-Quarter Revenue

Russia's largest food retailer X5 reported a 10.7% rise in second-quarter revenue on Thursday, boosted by higher like-for-like sales, an expansio...

Russia's Fix Price Announces Dividend As H1 Revenue Jumps

Russian low-cost retailer Fix Price on Thursday said its revenue rose 28.1% to RUB106.1 billion (€1.23 billion) in the first half of 2021. The resu...

Russia And Moldova Agree To Lift Trade Restrictions

Russia and Moldova have agreed to lift trade restrictions and are ready for mutually beneficial ties, senior Kremlin official Dmitry Kozak said on Wednesda...

Yandex.Lavka's Maxim Avtukhov Talks To ESM

Express grocery delivery is the buzzword in European retail at the moment, and few operators have set the bar as high as Russia's Yandex.Lavka, which promi...

Lenta Completes 'Transformative' Billa Russia Acquisition

Russian retailer Lenta has completed its acquisition of Billa Russia, in a deal that CEO Vladimir Sorokin has described as "transformative". T...

Russia's O’Key Group Sees Net Revenue Up 4% In First Half

Russian retailer O’Key Group has reported a 4.0% year-on-year growth in net retail revenue to RUB 87.7 billion in the first half of its financial yea...

Russia's Magnit Sees Revenue Up 9.6% In Second Quarter

Russian retailer Magnit has said that shopper behaviour is starting to normalise, with the group reporting an acceleration in like-for-like sales in its se...