Latest Intelligence on Retailing in Russia

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Type Product title / description Pub Price
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Blue Inc looks east as international expansion gains momentum

Value clothing retailer Blue Inc, with financial backing from its new chairman Sir Stuart Rose and high-profile investors the Reuben Brothers, plans to expand its international presence. The retailer, which already has a growing online operation in the US, Russia, and the Baltic and other Eastern European states, plans to open stores in Ukraine, Latvia, and Lithuania later this year.

Published By Datamonitor
28 Aug 2012
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Mobile payments in Russia take another step forward but hurdles remain

Smart card manufacturer Giesecke & Devrient and Sitronics Smart Technologies are partnering with Russia's largest mobile operator, Mobile TeleSystems, and Russia's second largest oil company, Lukoil, to launch contactless mobile payments systems at petrol stations, highlighting the growing inroads the sector is making in the Russian market.

Published By Datamonitor
03 Nov 2011
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Is a Lukoil/X5 collaboration on the horizon?

Russian oil giant Lukoil is reportedly in discussions with the country's biggest food and grocery retailer, X5 Retail Group, for a potential partnership in the area of non-fuel retail at its service stations. If the joint venture goes ahead, it will give Lukoil a competitive advantage in an area of the service station business in which oil companies often find themselves struggling.

Published By Datamonitor
06 Apr 2011
CommentWire
CommentWire

Kingfisher: franchising scheme to lead to swift expansion

The UK-based Kingfisher is set to introduce a franchise model as part of its long-term growth plans, which are to be announced in the first quarter of 2011. This initiative will enable Kingfisher to expand quickly, reduce the impact of difficult trading conditions in the UK and increase its hold over the European market.

Published By Datamonitor
07 Oct 2010
CommentWire
CommentWire

Magnit: planning to fund future expansion through new bank loans

Magnit is looking to build on its recent success by continuing its rapid expansion plans and investing in new stores and infrastructure. The grocer also wants to grow its private label offering, which currently accounts for 12% of total sales. Such strategies will enable Magnit to keep up with competitors and exploit the growing demand for private label products in the challenging Russian market.

Published By Datamonitor
02 Jul 2010
CommentWire
CommentWire

Auchan: hypermarket concept revitalized through new fascia in France

Following the success of Auchan's Radouga discount hypermarket concept in Russia, the retailer has opened an adapted version in France. The store aims to meet consumer demand for permanently discounted prices and will reduce Auchan's costs by cutting out staffed counters. The format will act as a revitalization model for underperforming hypermarkets in the group's portfolio.

Published By Datamonitor
15 Jan 2010
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Metro Group: negative currency effects and deflationary trends in food hurt sales

Cost-cutting measures helped German retail conglomerate Metro Group to achieve stable EBIT for the third quarter, despite a 4.6% drop in group sales to E15.6 billion caused primarily by declining food inflation and negative currency effects in Eastern Europe. While the rest of the year will remain challenging, growth in international markets will provide a further boost to sales.

Published By Datamonitor
05 Nov 2009
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Carrefour: abandoning Russia

Europe's largest retailer has reported a lackluster set of third quarter results, but the real shocker was its announcement that it will be leaving Russia, just a few months after opening its first stores there. The unexpected withdrawal comes as a surprise and is a setback for international retail development in the country.

Published By Datamonitor
19 Oct 2009
CommentWire
CommentWire

Lukoil: breaking into Italy

Lukoil has set its sights on acquiring a 5% share in the Italian fuel retailing market following a joint venture with ERG in the ISAB oil refinery in Sicily. The move will allow Lukoil to consolidate its position in Europe, as well as boosting competition in a market that has historically been difficult to enter.

Published By Datamonitor
01 May 2009
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Russian grocery retail: ailing smaller retailers join to compete against giants

Although Russia's leading grocers such as X5 and Magnit are well positioned to weather the economic downturn, heavily indebted smaller retailers are buckling under the pressure of refinancing loans and weaker consumer spending. However, the formation of a co-operative could create a formidable competitor to the dominant chains and drive consolidation in the fragmented grocery market.

Published By Datamonitor
14 Apr 2009

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