Russian retail

Land considers business in Altay Teritory

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The premium grocery retailer Land is negotiating on the lease of premises in the Plaza shopping centre in Barnaul. The outlet would operate as a Land franchise store. The retailer claims that it has signed a franchise agreement with a Barnaul partner.

Today, Land operates nine stores in St. Petersburg, and another, in Narodnogo Opolchenia Avenue in the city, has been opened on 12 December. The Barnaul launch will represent a totally new regional market for the network.

In 2012 the company’s annual revenues came to RUB 2.5bn (€55m). As PMR reported in November, in 2013 the company expects to boost its revenues by 28-30% year on year, to RUB 3.2bn (€71m), excluding VAT.

www.ceeretail.com

November sales rose by 28.7% for Russian retailer Magnit

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Russia’s biggest food retailer Magnit said on Tuesday its sales rose by 28.7 percent in November, year-on-year, to 50.2 billion roubles ($1.5 billion) after a rise of 27 percent in the previous month.

Magnit, which this year overtook rival X5 as Russia’s No.1 grocery chain by revenue, said the November result brought sales for the first 11 months of the year to 516 billion roubles, up 30 percent on the year.

The company opened 181 stores last month, bringing its total to 7,920. Fast expansion will help it grow revenues by 28-29 percent this year, while next year’s growth is likely to slow to 25-27 percent, the company has said.

www.freshplaza.com

Magnit opens new distribution centre

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Magnit, Russia’s largest retailer by sales, has said that it will open a new distribution centre in Yaroslavl.

Located to the north-east of Moscow, Yaroslavl is a transportation hub connected to the rest of Russia via national and regional roads, railways and waterways.

Magnit’s new distribution facility is about 58,904 square metres in size. The company said that the new facility would “improve the quality of service in central regions”.

Magnit has focused on expanding its sales in Russia through a programme of aggressive store openings. In the first nine months of this year, to the end of September, Magnit increased its selling space by over 25%, opening 762 stores throughout Russia. As a result of this strategy, the company expects full-year sales to climb by 28-29%.

The group operates 20 distribution centres with a total capacity of around 542,031 square metres.

www.freshplaza.com

Moscow authorities want to close substandard vegetable warehouses

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Moscow authorities will continue to shut down fruit and vegetable warehouses if their owners do not impose order there, said Mayor Sergey Sobyanin in an interview with “Komsomolskaya Pravda” newspaper.

“If warehouses management meets all the requirements, let them work and fill the market. Unfortunately, lots of such warehouses are far from it – unskilled labor and unsanitary conditions are thriving. Either the owners will put in order their warehouses, or they will have to shut them down “- said Sergey Sobyanin.

He added that the shutdown of Biryulyovo warehouse will not lead to a price increase and any shortage of fruits and vegetables. However, the mayor noted that the current rise in prices for vegetables in Moscow isn’t due only to seasonal price fluctuations, but also to a poor harvest of potatoes and other vegetables.

“Moreover, it was the warehouse in Biryulevo where prices were sent up which led to monopolizing of the area and forcing sellers to trade at overinflated prices. In my opinion, it was all made on purpose “, – said the Mayor.
According to Sergey Sobyanin, trade flows are currently reallocated from the Biryulyovo warehouse to other warehouses. However, in the future logistics centers should appear in Moscow where produsers will sell their products to different kinds of wholesalers.

“Nowadays, we are working on three of such projects. I think one of them is going to be implemented at the beginning of the next year,” – said Sergey Sobyanin.

www.moskva.fruitinfo.ru

GC “Dixy” stocks status is promoted

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On November 6, 2013 GC “Dixy” stocks have been added to MICEX “A” first-level list. According to Fedor Rybasov, the vice-president of GC “Dixy”, promotion of the company’s securities status indicates a high level of corporate management and reflects investors’ interest in the retail sector. “The “A” first-level list places the highest requirements for issuing companies, and, therefore, is the most reliable for investors”, – he added.

www.retailer.ru

Searches at Sofiyskaya warehouses

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The Main Investigations Directorate of the Investigative Committee of the Russian Federation reports that are searches conducted at the vegetable warehouse Sofiyskaya in St. Petersburg. The searches are conducted as a part of a fraud criminal case investigation.

According to investigation officers, the criminal case has been initiated over an unreasonable VAT refund by persons acting on behalf of OOO “Nika-Frukt” in 2011-2012. The VAT refund amounted to almost 80 million rubles from the federal budget of the Russian Federation.

The goal of the searches conducted at the vegetable warehouse Sofiyskaya is to discover and impound any items and documents related to the criminal case, as well as those items which are prohibited from civil circulation.

Also the police are going to check the adherence to immigration laws at the vegetable warehouse Sofiyskaya.

Representatives of the Azerbaijani diaspora, which are doing business at the warehouse Sofiyskaya, have stated that according to their information sources the city authorities are going to close the vegetable warehouse Sofiyskaya as well as the vegetable warehouse on Salova street.

www.regions.ru

Dalnie Dali grocery chain expands

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Agro-Belogorye plans to almost double its Dalnie Dali grocery chain store count in 2013, from 52 to 100 outlets. Ten or 12 stores are to open in Belgorod Province, while the other outlets are expected to appear in Voronezh, Kursk and Nizhny Novgorod Provinces.
Agro-Belogorye Group is a Belgorod-based company, operating 17 piggeries, two compound feed processing plants, four cereal companies, a meat-processing plant and a trading house in Belogord Province. In 2011 the company generated revenue of RUB 23.6bn ($782.9m) with a net profit of RUB 2.2bn ($73.1m).

Source: www.russiaretail.com