Russian retail market

Dixi revenue increases by 23.3% for six months in 2013

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For six months in 2013, the revenue of “Dixi” group of companies increased by 23.3% compared to the same period of the last year and amounted to 87.4 billion rubles.

Convenience stores “Dixi” sales increased by 53.5% to 66.5 billion rubles during six months 2013.

Meanwhile, sales of supermarket chain “Victoria”, that belongs to “Dixi” group of companies, declined by 38.5% to 12.5 billion rubles. The main reason of sales decline is the transfer of shops “Victoria” into the chain “Dixi”.

Hypermarket “Megamart” sales for the first six months of 2013 increased by 17.5% to 7.6 billion rubles. Hypermarket “Minimart” sales has reached 1.67 billion rubles, that is 25.2% more than during the same period of 2012.

For six months in 2013 “Dixi” has opened 133 stores and closed 25 stores. As of June 30, 2013, under its control there were 1,607 stores, including 1,496 stores convenience stores “Dixi”, 80 supermarkets “Victoria”, one store Cash and 30 hypermarkets “Megamart” and “Minimart”.

Source: www.retailer.ru

Magnit announces 30% sales rise

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Russian food retailer Magnit has announced a rise in sales by 30% in June, year-on-year, to stand at 47.5 billion rubles, after a rise of 34.5 percent in May.
Magnit, which recently overtook rival X5 as Russia’s biggest grocery chain by revenue, said the June result brought sales for the first six months of the year to 273 billion rubles, an increase of 31.5 percent.
The company, also Russia’s biggest food retailer by store count, opened 170 stores in June, bringing its total to 7,416.
Magnit has said it planned to grow revenue by between 27 and 29 percent in rouble terms this year, compared with about 34 percent in 2012, backed by a $1.8 billion capital spending programme.

Source: www.freshplaza.com

One more Zelenij Perekrestok supermarket

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June 28, 2013, X5 Retail Group launched a 15th supermarket “Zelenij Perekrestok” (290 square meters) in the shopping center in the multifunctional complex “Moscow”. As it was stated – range of products will be more than 3,500 items in this supermarket.

In the Moscow region there are already 13 “Zelenij Perekrestok” supermarkets, one in Rostov-on-Don and one in St. Petersburg.

Source: www.retailer.ru

Auchan’s Atak opens 100th store

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Auchan’s Russian banner Atak opened its 100th store in Russia on 19 June. The store, which was opened by Atak Russia chairman Philippe Delalande, is located in the neighborhood of Nizjni Novgorod and, according to the retailer, “confirms the intention of Groupe Auchan to make Russia a priority objective.”

“In fact, one third of the investments of the supermarket division in 2012 were devoted to the development of Atak Russia, with 33 openings,” Auchan said.

Many of these stores are located in the Moscow and Yaroslavl areas, but the expansion drive also involves more outlying regions, such as the Nizjni Novgorod store, which is located 450km from the capital. The new store is 702 square metres and employs 14 members of staff.

Source: www.freshplaza.com

Moscow franchisee retail network “Monetka” is for sale

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The founders of retail network “Monetka” Sergey Lomakin and Artyom Khachatryan put it up for sale. There are nearly 100 stores in Moscow, the network is estimated at up to $200 million (according to some sources, up to $200 million). “Monetka” (LLC “Investproekt”) is a franchisee of the Ural network, which now numbers more than 400 stores.

The revenue of LLC “Investproekt” amounted to 7.6 billion rubles. a debt is 4 billion rubles in 2012. The estimated revenue in 2013 is to reach 8 billion rubles.

According to the market analytics, buyers may be the Russian major retail network Magnit that is going to conquer Moscow retail market and the biggest meat holding Miratorg that is planning to develop its retail network.

Source: www.retailer.ru

Verny entering Yekaterinburg

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Verny, the federal-level network of grocery stores is entering Yekaterinburg, where 10 discount stores will open under this brand by the end of 2013. The chain was founded by the ex co-owner of X5 Retail Group, Andrey Rogachev, in July 2012. As PMR reported in February, in Q4 2012 Verny launched 33 stores in Moscow, Moscow Province, St. Petersburg and Leningrad Province. The company has announced around 130 new openings throughout the country.

Source: www.russiaretail.com

First Moscow Auchan opens in former Real hypermarket

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The French grocery retailer Auchan has opened its first hypermarket in Moscow in premises previously occupied by a Real store. The Russian Real stores, previously owned by the German Metro Group, were sold along with the Real establishments in Poland, Romania and Ukraine. The Russian transaction was concluded in May this year.
The new Auchan outlet takes up 7,400 m2 in Signalny Lane and offers 25,000 SKUs. This is the 60th of the chain’s hypermarkets in Russia. The remainder of the 16 Real hypermarkets in Russia, bought by Auchan, are to be rebranded by the end of this year.

Source: www.russiaretail.com

Rewe group expanding in Russia

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With approval from the Russian competition authority, the REWE Group is acquiring twelve City stores of the Russian subsidiary OOO ENKA TC of the ENKA Group based in Istanbul. In so doing, the REWE Group is driving forward its expansion strategy in foreign markets. “The acquisition in Russia underscores the strategic significance of foreign business for the REWE Group. In the meantime we are generating around one third of our turnover outside Germany’s borders. Eastern Europe is developing into a big attraction when it comes to foreign growth,” Alain Caparros, CEO of the REWE Group, said.

The acquired locations in the greater metropolitan area of Moscow will be converted to the successful BILLA supermarket format in the coming months and be integrated into the existing distribution network. The company also plans to open around ten new BILLA stores by the end of the year, while continued investment will be made in the quality and modernization offensive.

“The Russian market is one of the growth markets for us, where we see great potential. Particularly as the greater metropolitan area of Moscow has high purchasing power,” explained Frank Hensel, CEO of REWE International AG. “We intend to further expand our development options in particular in this region in the future – full exploitation of the market is far from complete,” according to Hensel.

In the past financial year 2011 BILLA Russia achieved a clear increase in growth of 14.6 per cent to EUR 436.4 million (+16.3 per cent adjusted for the exchange rate) and is thus once again the most successful foreign market of REWE International AG, which controls the full-range business in Russia from Wiener Neudorf, Austria. The positive development is also reflected in the other corporate figures. For instance, the number of employees compared to the previous year 2010 rose from 2,821 to 3,107. In addition, the network of stores in Russia was supplemented by a total of four locations; at the end of 2011 the network comprised 72 stores.

Source: www.freshplaza.com

Lenta tests supermarket format in Moscow region

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The grocery retailer Lenta has entered the Moscow region. The first of the company’s stores in the capital opened on a 3,000 m2 site in 1stOstankinskaya Street the end of April 2013. The store is also the first establishment in the new supermarket format. In the past Lenta operated hypermarkets only.
Another Lenta store in the city hypermarket format opened in the Makcity shopping centre in Balashikha (in the Moscow Province) the end of May 2013. This outlet takes up 4,500 m2. Overall, in the next 3-4 years the retailer intends to launch about 10 stores in the region. In April 2013 Lenta had 57 active hypermarkets in 32 Russian cities.

New Billa establishment opens in Moscow

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Last week the German grocery retailer the REWE Group has opened its 68th Billa supermarket in Moscow, on Shchelkovskoye motorway. The new store has a trading area of 500 m2 and offers more than 5,000 SKUs. The outlet has thus become the 91st Billa supermarket in Russia overall. This was the first establishment launched by the company in 2013. The next will be designed to strengthen the company’s presence in the city.
As Retail Update Russia reported in March this year, Billa announced 10-15 new stores in Russia in 2013. Last year, the chain’s Russian division reported sales worth €640m ($825m).

Source: www.russiaretail.com