Author Archives: CrispConsulting

15th Moscow International Exhibition Food ingredients, Additives and Flavourings. March, 2012

Written by

13—16 March 2012
Pavilion 75, VVC | Moscow, Russia



Ingredients Russia is a specialised exhibition for ingredients suppliers and consumers from around the world.

For the past fifteen years, the Ingredients Russia exhibition has reflected trends in the industry. Developers, manufacturers and suppliers of raw materials and ingredients for the food industry prepare innovative products specifically for presentation at the exhibition.

More than 7000 industry professionals visit the exhibition in search of new ingredients to improve product quality, create new products, and improve production cost-effectiveness.

Walmart plans its Russian return

Written by

When Walmart left Russia empty-handed in December 2010 – 8 years after it first began exploring the market and 3 years after it had opened a Moscow office – it appeared that the world’s largest retailer had finally met an emerging market it could not crack.

Today the company has already laid the initial groundwork for its return, hiring one of the leading figures in Russian retail to help manage its emerging markets division.

Lev Khasis, former chief executive of X5 Retail Group, Russia’s biggest retailer by sales, has started as a senior vice-president at Walmart, where he will be focusing on the companies’ existing emerging market operations, in countries including Brazil, India and China.

Mr Khasis stressed in an interview that his appointment did not indicate Walmart would immediately rush back into Russia, but said the company would continue to look at the market carefully, waiting for the right time and the right acquisition.

Source: www.freshplaza.com

Moody’s: inflation in Russia may freeze retailers’ incomes

Written by

As per Moody’s international rating agency, consumer price index growth in Russia and slow increase of the real income of the population may restrain sales growth of Russian retailers in the nearest future. Like it was during the recession of 2009 retailers with larger share of discounters in their retail chains will demonstrate more stable results than retailers operating in other formats.

Moody’s is also expecting the investment volumes of international companies in Russia to remain low due to the poor investment climate in the country. Despite the fact that such large retail companies as Auchan, Suomen Osuuskauppojen Keskuskunta and Metro AG are represented on the Russian market, others (like Carrefour SA) have left the country.

Source: www.retail.ru

X5 Retail Group is suffering from the unstable economy

Written by

X5 Retail Group has suffered more than any other retailer from the customer attrition,which was registered in Q3 2011. Moreover the company is expecting further lowering of LFL sales in Q4 2011. X5 Retail Group has lowered the forecast of growth in revenues for 2011: instead of 40% the revenues are expected to grow by 35%. After the company had announced this news its capitalization dropped by 15%.

X5 Retail Group blames the Russians’ purchasing power which has decreased due to the unstable economic situation in Russia and in the world – a trend which is observed on the Russian food retail market.

Source: www.retailer.ru

Magnit has opened 712 stores in 2011

Written by

“Magnit”, Russia’s largest retail chain in terms of the number of stores, announced the unaudited operating results for the first three quarters of 2011.

Provisional unaudited consolidated retail earnings (VAT excl.) since the beginnings of 2011 reached RUB 240.1 bn, which is 46% more than in the same period in 2010.

In the first 9 months of 2011 the retailer has opened 712 stores. The total number of chain stores has reached 4,767: 4.593 convenience stores, 76 hypermarkets and 98 drugstores.

Source: www.retail.ru

Russian import of peaches and nectarines has doubled during the last 5 years

Written by

According to the report of MCX USA/USDA, dedicated to the world stone fruit market, Russian import of peaches and nectarines has doubled during the last 5 years.

During the season 2011/12 the world production of stone fruit will reach 18.1 million tons, that is 10% more than in the last season. Leaders of the production are China, EU, USA. The same countries consume and convert the biggest volumes.

Because of the increasing supplies from the EU to Russia, world export of peaches and nectarines will grow 4% and reach 587 thousand tons.

Source: www.fruitnews.ru

Sales on the rise at X5 Group

Written by

Despite a strong third-quarter result, the Russian retailer cuts it’s full-year sales forecast, Russian retail leader X5 has announced growth in its net sales for the third quarter of the year, with consolidated net retail sales increasing 32 per cent year-on-year to R105bn (€2.4bn).

Organic sales increased 18 per cent on the same quarter of 2010, while like-for-like sales grew 4 per cent.

During the three-month period, X5 opened 102 new stores in the country, including 114 soft discounters, six supermarkets, two hypermarkets and 11 convenience outlets, while it closed 31 Kopeyka units.

For the first nine months of the year, consolidated net retail sales jumped 40 per cent on the same period a year before to R3.30bn (€6.9bn).

Despite these positive numbers, however, X5 revealed that it was cutting its full-year sales forecast from 40 per cent to 35 per cent, due to the uncertain economic environment and the rebranding of its Kopeyka stores.

“Russian consumers have cut back on spending amid unstable economic conditions in Russia and worldwide, a trend that has been observed on the Russian food retail market,” the group noted.

Source: www.fruitnet.com

The Groupe Auchan is planning to invest $150-200 million in the development of the hypermarkets Auchan in Russia

Written by

According to the general director of “Auchan Russia” Jean-Pierre Germen, The Groupe Auchan” is planning to invest $150-200 million in the development of the hypermarkets “Auchan” in Russia. He has also said that “Auchan” is planning to open from 5 to 10 shops a year.

By the end of the year three more shops will be opened in Russia. The Auchan’s investition in the hypermarket in Kazan was more than 500 million rubles. The payback period will depend on the consumer’s activity.

The general director said that they are going to pay more attention to the work with domestic suppliers so that in the future they would become national.

Source: www.lol.org.ua

Russian importers are not interested in purchasing Polish apples

Written by

The demand on Polish apples from the part of Russian importers is rather low. The supplies are rare and the shipments are usually small.

At the moment almost all sorts of apples are purchased: Johnagold, Ligol, Gloster, Elisa, and also Champion, but in limited quantities. The apple prices vary between 0,11-0,14 euro per kg (caliber 65) and 0,16-0,18 euro per kg (caliber 75).

Source: www.freshmarket.ru