The company Prisma, owned by Finnish holding S-Group, and the company Intertorg in the North West region of Russia (retail chains Narodnaya 7Ya, Idea and Spar) are going to combine purchase departments. First of all, it concerns the essential commodities. Retailers believe that development plans on cooperation will keep the profitability of the business, as well as diversify the range of products.
Prisma
Retail news
X5 Retail Group announces the launch of the first three stores “Pyaterochka” in the Volgograd region. By the end of 2014, the retailer plans to launch ten more “Pyatorochka” in Volgograd.
X5 Retail Group launched a distribution center with an area of 30,200 sq. m in the Rostov region. It will cover stores in Volgograd, Rostov and Saratov regions, Krasnodar and Stavropol regions. As of 30 June 2014, the network “Pyaterochka” numbered 4,128 supermarkets.
Finnish Corporation SOK opened the 18th store Prisma in St. Petersburg. Sales area of the new supermarket is more than 2,000 sq. m. The investments in the project totaled € 5,000,000. In October, the company is going to open one more hypermarket in St. Petersburg.
French retailer Leroy Merlin, specializing in the sale of goods for the construction and repair, launched its second hypermarket in Novosibirsk. In the spring 2014 Vincent Jeanty, CEO of the network in Russia, said that over the next three years the company would increase the number of stores in Russia almost in three times – from 28 to 80.
Now there are ten Prismas in St. Petersburg
16 August 2012 Finnish corporation SOK opened the tenth supermarket Prisma in St. Petersburg. A supermarket is situated in the building of a subway station “International” which now is under construction.
“The close location to the metro station and highways will be the undisputed advantage of this object, – commented Vesa Punnonen, president of SOK Retail Int. – Also, Prisma is located close to densely populated residential area with insufficient infrastructure of grocery stores. ”
“Until the end of January 2013, we plan to open four new supermarkets, three of them hypermarket format. In the future there will be a network of 20-30 supermarkets”- Vesa Punnonen added.
The chain of supermarkets and hypermarkets Prisma is owned by the Finnish Holding S-Group. In St. Petersburg Corporation SOK (part of the S-Group), besides retail supermarkets Prisma, owns three hotels – spa-hotel Sokos Hotel Palace Bridge, Sokos Hotel Vasilievsky and Sokos Hotel Olympic Garden.
Source: www.retailer.ru
Russia’s retail news August 2012
In the beginning of August it was announced that 20 August Luc Koenot would become a new CIO of X5 Retail Group, before he was a SVP & CIO at the large Belgium retail company Delhaize Group.
Andrej Rogachev who was one of the founders of retail networks Pjaterochka and Karusel (now they are the parts of X5 Retail Group) is going to open a new discounter network Okey-Dokey in the USA. The first store will be opened 1 September in Miami. It is planned to open 8-12 discounters till the end of the year and 50 stores more in 2013. Agro-Trade International is going to develop the network; the investments into the project are estimated at about $500 million.
Finnish retail network Prisma is going to open 2 new supermarkets in St. Petersburg in August and in October, so the total amount of Prisma supermarkets will be 11 in St. Peterburg and Leningrad region. By January 2013 the company is going to open 3 supermarkets more.
Source: www.retailer.ru
Facts and Figures about Russian Retail Market 2011
2011 the Finnish retail chain Prisma is planning to open a new hypermarket and two supermarkets in St. Petersburg. The premium-class supermarket chain Globus Gourmet will open four stores in Moscow and St. Petersburg, with the investment volume reaching RUB 600m. Russia’s retail market leaders – X5 Retail Group and Magnit – accounted for 80% of all the new stores opened by the largest market players in Q1 2011. Dixy’s net revenues in 2010 amounted to RUB 257.7m. The sales of Lenta, retail chain from St. Petersburg , grew by 35% in Q1 2011.
Source: www.retailer.ru