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Expert View
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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
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28 Aug 2012 |
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Expert View
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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
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03 Nov 2011 |
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Expert View
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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
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06 Apr 2011 |
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CommentWire
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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
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07 Oct 2010 |
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CommentWire
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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
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02 Jul 2010 |
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CommentWire
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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
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15 Jan 2010 |
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Expert View
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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
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05 Nov 2009 |
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Expert View
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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
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19 Oct 2009 |
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CommentWire
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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
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01 May 2009 |
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Expert View
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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
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14 Apr 2009 |
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