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Russia's X5 Retail Group Sees 5.0% Increase In Like-For-Like Sales

Published on Aug 15 2019 12:20 PM in Retail tagged: Trending Posts / Russia / X5 Retail Group / Pyaterochka / Perekrestok / Karusel / Paywall / World News

Russia's X5 Retail Group Sees 5.0% Increase In Like-For-Like Sales

Russia's X5 Retail Group has posted a 5.0% increase in like-for-like sales in the second quarter of its financial year, with all its divisions posting growing in the period.

The group's Pyaterochka banner saw like-for-like sales up 4.8%, driven by growth in both traffic (+3.2%) and basket size (+1.6%).

Its Perekrestok banner posted a like-for-like gain of 7.7% (traffic up 6.3% and basket up 1.3%), while Karusel, its hypermarket division, posted a marginal like-for-like increase of 0.4% (traffic down 3.5%, basket up 4.1%).

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