Russian retail market

Magnit revenues rises significantly

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Magnit’s full-year revenue and EBITDA rose significantly, which helped it book a more than 100% rise in net income.

Revenue in rubles increased by 34% YoY from 335,699.95 million RUR in 2011 to 448,661.13 million RUR in 2012. The top line growth was due to an increase in selling space as well as to a 5.26% increase of like-for-like sales (excl. VAT).

Revenue growth in dollar terms amounted to 26%: from US$ 11.4 million to US$ 14.4 million.

Gross margin grew from 24.33% in 2011 to 26.53% in 2012. Gross profit in rubles increased by 45.78% from 81,663.45 million RUR (US$ 2,778.86 million) to 119,051.79 million RUR (US$ 3,828.89 million).

EBITDA increased by 71.64% from 27,604.14 million RUR (US$ 939.32 million) in 2011 to 47,380.48 million RUR (US$ 1,523.83 million) in 2012. EBITDA margin in 2012 amounted to 10.56%. Net debt / EBITDA ration (in ruble terms) for 2012 amounted to 1.07.

2012 net income increased by 104.14% and amounted to 25,117.17 million RUR (US$ 807.81 million) vs. 12,303.84 million RUR (US$ 418.68 million) in 2011.

Source: www.freshplaza.com

Lenta hypermarket in Krasnoyarsk

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By the end of 2013 a new hypermarket Lenta will be opened in Krasnoyarsk.

The total area of the hypermarket will be about 12,000 square meters. Number of items is 20,000 SKU. It is noted that products of local manufacturers will be especially placed there.

Today, Lenta is one of the largest Russian retailers. It was founded in 1993 in St. Petersburg, and now, there are more than 50 hypermarkets in different regions of the country .

Source: www.megamagnat.ru

Retailer “Sem’ja” launches on-line sale

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Elena Giliazova, director of retail chain Sem’ja said on the new plans for the retailer this month:

“We set the task of finding those features that make network different from all others. This is the on-line sale, although at first we will leave the possibility to order products over the phone. The products will be packed and prepared in the nearest to you Sem’ja store. Of course, it will be possible to deliver it to home.
One of the main feature will be farm products, including vegetable products. 

Source: www.fruitnews.ru

 

FAS allowed Auchan to buy Real

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March 4 Federal Antimonopoly Service of Russia allowed the French retailer Auchan to acquire a network of Russian hypermarket Real. But Auchan should not use one trading facility in suburban Kotelnik, as in this case share trading network in the area may to exceed the mark of 25%

The main activity of the trade network is retail sale in non-specialized stores with food, beverages and tobacco.

Source: www.fruitnews.info

Magnit opens 130th hypermarket

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OJSC “Magnit” is pleased to announce the opening of new hypermarkets.

The 129th hypermarket of a medium format is located at 30 Zhukova street, Ufa, Republic of Bashkortostan, Volga federal district. Assortment of the hypermarket consists of more than 14,200 SKUs, out of which about 68% are food items. There are 23 cash desks installed in the sales area.

The 130th hypermarket of a small format is located at 58 Saratovskoe shosse, Balakovo, Saratov region, Volga federal district. Assortment of the hypermarket consists of more than 10,600 SKUs, out of which about 68% are food items. There are 19 cash desks installed in the sales area.

Source: www.freshplaza.com

X5 to launch Perekrestok Express chain in Kyiv

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The Russian grocery retailer the X5 Retail Group is planning to launch a chain of convenience stores under the Perekrestok Express brand name in Ukraine. The first two stores are due to open in Kyiv in 2013 and will test the express format in the country. One of them is expected to become operational on a 200 m2 site at the end of April 2012. In addition, the company’s own store retailer is ready to develop a franchise chain. In terms of wider development plans in the country, the company intends to focus on Kyiv and the Kyiv Province.
X5 operates in Ukraine through its subsidiary the Iks 5 Retail Group. The group has been present on the country’s retail market since 2004 and currently has just 10 stores there, in comparison with more than 3,800 in Russia.

Source: www.russiaretail.com

Flush full year at Russia’s Magnit

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Russian retailer Magnit is closing in on market leader X5, reporting a bullish full-year performance for 2012 with significantly higher figures across the board. A rash of store openings and higher margins underpinned the success, seeing EBITDA increase by 71.62 per cent and net revenue up 33.6 per cent to RUB 448 billion (roughly €11 billion).

Analysts have branded Magnit the best-performing grocer in Russia, as well as one of Europe’s most profitable, with market share reported to be around 5 per cent. The group expanded its store network by 1,575 outlets during the fiscal year, including 1,057 supermarkets and neighbourhood stores and 36 hypermarkets, bringing its total tally to 6,884 stores.

2012 net income increased by 103.15 per cent, coming in at RUB 24,994.79 million (roughly €621 million) with a 5.26 per cent rise in like-for-like sales.

Magnit’s 126 hypermarkets delivered a stronger performance than its supermarkets and neighbourhood store division with like-for-like growth of 11.43 per cent and 8 per cent, respectively.

CEO Sergey Galitskiy declared the group’s ambition to increase its market share, with a busy 2013 scheduled. “We are already thinking of 2013 and have set a challenging task for ourselves to open over 1,100 convenience stores, over 60 stores of the hypermarket and Magnit family format, and 250 cosmetics stores. We also hope that this year we will launch four distribution centers and buy at least 1,200 trucks,” he said.

Source: www.freshplaza.com

“Dixy” network has summed up results of local products promo-activity

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“Dixy”, one of Russia’s largest retail chains, leading its activities in the field of food retail this month has begun summing up the program of domestic producers’ support, “Own. Local”, which resulted in sales growth by 15-20%, depending on the region.

“It is an element of “Dixy” stores conception, to offer local goods to the buyer. We make these products more visible on the shelves, marking their price tags with a bright sign “Own. Local” and observe the gratitude of customers who rely on their producers and gladly buy local products,” said Denny Perekalski, marketing director of “Dixy”.

The program was attended by dozens of Russian producers, who submitted about fifty kinds of products to the shelves of the retail network, including fruits, vegetables and juices.

Meanwhile, foreign companies that operate in the territory of Russia, have been excluded from the activity, as the main idea of it was to support local producers of different regions of the country.

Source: www.fruitnews.ru

Auchan will launch a new format of stores

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This week, the French retail chain has announced its intention to open a new store format called Multifrais, which will specialize exclusively on “fresh” products.

According to officials of the retailer, the retail outlets preparing to launch, according to its new concept, will offer to visitors a wide selection of fresh fruits and vegetables.

The first Multifrais will open in March this year, it will be very different from the traditional Auchan retail outlets and its competitors’ outlets as well.

Source: www.fruitnews.ru