The Group of companies Dixy has changed the format. Instead of discounter it sets itself as a retail chain near home. As a result the prices for the goods will grow 15-20%. Representatives of the Dixy Group say about other changes, in particular better services and new assortment politics.
Source: www.lol.org.ua
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
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
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
In the year 2011, despite the weakening of crisis consequences, real salaries in Russia grow slower than in the year 2010, according to the information provided by the company “Ernst & Young”. The recruiting agencies remark that the salary growth will continue, but this growth will regard only the most effective and indispensable employees.
According to the research of “Ernst & Young” (E&Y), this year the salaries have grown, but less than last year. From July 2010 till June 2011 the average nominal salary growth has made 11%. Last year the growth rates were less—9.6%. However this year the salaries could get ahead the inflation only 1.6% (Last year this index was 3.9%).
Source: www.kommersant.ru
Thanks to good weather and absence of rains the production of kiwi fruit in Italy will grow 15-20% and will exceed 500 thousand tons. Growers expect high quality of fruit and growth of supplies to Russia. This forecast has been made by Diego de Lucca/company Alegra at the exhibition Macfurt 2011 that is being held this week in Italy.
The company Alegra is one of the most important fruit growers and exporters in Italy. Every year they produce about 45-50 thousand tons. Most of all they export stone fruit (nectarines to Russia), kiwi and apples. The kiwi cropping is planned for the end of October, and the supplies will start the second week of November.
Source: www.fruitnews.ru
With the appearance of cheap seasonal products at the market, Russian consumers renounce buying fruit and vegetables traditionally present at their tables.
Retailers talk about the dramatic decline of import. This tendency was noted by Elena Koroleva, head of purchasing department of the supermarkets “7Я” (“Semya”), within the framework of the business program of the exhibition Macfrut 2011/3d European fruit summit, that is taking place in Italy this week. This tendency is due to low prices; consumers remember the last year prices for potatoes that reached 50 rubles per kg.
Source: www.fruitnews.ru
The company “O’Key Group” is planning to build 2 hypermarkets in the Krasnodar territory by the year 2015. The total cost will be 1.3 milliard rubles.
In particular, 1 milliard rubles will be invested to the building of the hypermarket in Novorossijsk, 320 million rubles—in Sochi. The building will be carried out at the company’s cost. In the year 2011 the placement of the “O’Key Group” hypermarket in the shopping center “More Mall” in Sochi will start. It will start working in the 2nd quarter of the year 2012. In the year 2013 the building of the hypermarket in Novorossijsk will start. The company is also planning to build 5 hypermarkets “O’Key express” with the total cost of 600 million rubles.
Source: www.lol.org.ua
The number of new shopping centers in Russia in the year 2011 is setting all the records. Lots of shops, including large trading networks, that occupy new modern buildings, are showing steady growth of sales.
According to the information of the American real-estate agency Cushman & Wakefield Inc., only in the first half of the year nine new shopping centers with the total area of 400 thousand square meters were opened. This is the highest number in Europe. During the whole last year there were built only 488 thousand square meters.
It is expected that by the year 2012 approximately 3 million square meters of salesrooms will be put in commission.
Nowadays there are 80.5 square meters of sales area for 1000 habitants in Russia. This is 30% less than in 27 countries of the European Union.
The rent in Russian shopping centers varies between 750 euro and 2200 euro for 1 square meter.
Source: www.foodnewsweek.ru
The income of about 15% of the Russians is lower than the living wage, defined by the Federal State Statistic Service (Rosstat). Herewith during the first half of the year 2011 the number of poor people in Russia has increased 2 million people and has reached the level close to the peak of the crisis.
The situation for the country, where the president will be elected in almost a year, seems to be paradoxical. According to the statistics published by Rosstat on Tuesday, the number of poor people in Russia—those whose income is lower than the living wage—has increased 2 million during the first half of the year 2011, and reached 21.1 million people.
The Rosstat experts explain that the number of poor people in Russia is largely due to the high growth rates of the consumer basket cost. In the second quarter of the year 2010 it was 5625 rubles, this year it is 6505 rubles per person a month.
In comparison with the first quarter of the year 2011 the minimum subsistence level has grown 0.5 %. Herewith the cost of food in the consumer basket has decreased 0.2 %, the cost of non-food goods and services has grown 1.7 % and 0.7 %,–informs Rosstat.
At the same time, according to the Russian Forbes, the number of multi-millionaires in Russia has increased by half. In Russia there are 200 businessmen—multi-millionaires. During the previous years there were about 100 people. The total wealth of 100 most rich people makes $432 milliard.
At the top of the list of the richest Russians there are owners of big metallurgical and oil companies. However, there are also 18 members of the Federal Assembly of the Russian Federation—10 deputies of the Russian Duma and 8 senators.
Source: www.kommersant.ru