Retail market and FMCG sector in Russia

Sberbank and Gazprom to credit Tsentrobuv?

Fri, 11 May 2012 00:00:00 +0200

Stockholders of the Russian shoe retailer and producer Tsentrobuv are to discuss the attraction of two credits from Sberbank and Gazprombank for the total sum of RUB 7bn ($232m) ...

Discounter hypermarket format proved ineffective for X5 and will be rebranded

Tue, 08 May 2012 00:00:00 +0200

The grocery retailer X5 Retail Group is to reformat all Pyaterochka-Maxi locations into the traditional format of Karusel hypermarkets by the end of May 2012 due to the unsatisfactory ...

Almost one-tenth increase in annual revenue for Technosila

Mon, 07 May 2012 00:00:00 +0200

The revenue of Technosila, a retailer of consumer electronics items and household appliances, came to RUB 28bn ($954m), including VAT, in 2011, an 8.52% year-on-year increase. ...

Douglas leaves Yekaterinburg

Mon, 07 May 2012 00:00:00 +0200

Douglas, a perfume and cosmetics retail chain, has closed its outlet in the Park House shopping mall in Yekaterinburg and left the city. After reconstruction work the area will ...

Auchan's hypermarket construction started in Kiev

Fri, 04 May 2012 00:00:00 +0200

The French grocery retailer Auchan has begun the construction of a hypermarket in Bazhana Avenue in Kiev. The construction site covers approximately 11.6 ha. The process requires ...

Kesko acquires 100% stake in Intersport

Fri, 04 May 2012 00:00:00 +0200

The Finnish retailer Kesko has bought a 20% stake in Intersport, a Russian sportswear retailer, from its partner Melovest Ltd. Kesko now holds 100% of the business and intends ...

In brief: Dixy SPO could take place in Q2 2013

Mon, 30 Apr 2012 00:00:00 +0200

The grocery retailer Dixy is planning an additional share issue of $300m in Q2 2013. In addition, the company intends to increase its store count by 250-300 in 2012 and to double this ...

Ideas4retail to launch Cook House

Fri, 27 Apr 2012 00:00:00 +0200

The Ideas4retail company, founded by Aleksandr Mamut and Evgeny Butman, is launching Cook House, a retail chain selling household goods. The first store (approximately 400 m²) ...

Velmart to open in Chernivtsi

Tue, 24 Apr 2012 00:00:00 +0200

Velmart grocery retailer will open the seventh discounter hypermarket in Chernivtsi on 28 April 2012. The outlet is located in Equator shopping centre on an area of 4,000 m2 and ...

Rio mall opens in Rostov-on-Don

Tue, 24 Apr 2012 00:00:00 +0200

Tashir development company, together with Sedmoy Kontinent grocery retailer, opens a shopping mall under the Rio name in Rostov-on-Don on 25 April 2012. A shop of Eldorado electronics ...

Start wants to be one of the market leaders

Wed, 18 Apr 2012 00:00:00 +0200

Start Russian DIY retailer intends to join the leading sector players and, due to these plans, it is to increase yearly sales twice or even trice in 2012. According to the rating ...

FAS wants to double fines for market monopoly practices

Tue, 17 Apr 2012 00:00:00 +0200

An average fine for the misuse of a company’s monopoly position in the market is set to double in 2012, according to the Head of the Federal Antimonopoly Service (FAS) Igor Artemyev. ...

O'Key ups quarter revenue by 30% in Q1 2012

Tue, 17 Apr 2012 00:00:00 +0200

The Russian food retailer O’Key has increased its y-o-y net revenue by 29.4% to RUB 26.3bn ($882.9m) and its like-for-like (LFL) revenue to 12.1% in Q1 2012. The company’s ...

Ex-Lenta owners enter shoe retail

Tue, 17 Apr 2012 00:00:00 +0200

The ex-owners of Lenta grocery business, Avgust Meyer and Dmitry Kostygin, have acquired a 40% share in the shoe retailer Obuv.com. The businessmen’s investments of approximately ...

Svyaznoy pledges 35% of major affiliate to Sberbank

Mon, 16 Apr 2012 00:00:00 +0200

Svyaznoy, a mobile phone handset retailer has handed over 35% of its affiliate structure Svyaznoy Logistika as security to Sberbank. This is related to the fact that the creditor ...