Sova Capital

Russian Retailers Limit Margins On 'Socially-Important Products'

Leading Russian retailers including Magnit, O’Key and Auchan have said that they are voluntarily limiting margins on 'socially-important' products, s...

Lenta To Acquire Online Food Retailer Utkonos

Russian retailer Lenta has agreed to acquire Moscow-based online food retailer Utkonos for a base purchase price of RUB 20 billion (€240 million).

Russia's X5 Sees Like-For-Like Sales Up 4.8% In Third Quarter

Russian retail giant X5 Retail Group has reported a 4.8% increase in like-for-like sales in the third quarter of its financial year, largely driven by incr...

Russia's O’Key Weighed Down By 'Big Box' Estate, Says Analyst

Russian retailer O'Key continues to be weighed down by its 'big box' retail estate, however its hard discounter business is showing strong potential, a lea...

Russia's FAS Set To Monitor Prices Of 'Socially Significant' Food Products

Russia's Federal Antimonopoly Service (FAS) is to monitor the prices of 24 'socially significant' food products, including meat, fish, milk, eggs, cereals,...

Russia's X5 Retail Group On Track For Double-Digit Growth This Year, Says Analyst

X5 Retail Group is on course to post double-digit topline growth this year, a leading industry analyst has said, after the Russian retailer reported a 10.6...

Pyaterochka, McDonald’s Set Up In-Store Fast Food Restaurant

Russia's X5 Retail Group has teamed up with McDonald's on an initiative to open fast food outlets in a number of the retailer's Pyaterochka stores....

'Decent Outlook' For Russian Retail In 2021, Despite COVID Challenges: Sova Capital

The Russian food retail market is in line for a 'decent outlook' in 2021, despite the challenges presented by COVID-19, according to a new report by Sova C...

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Refurbished Stores Driving Like-For-Like Sales At Russia's Magnit, Says Analyst