| Make foodmate.com your Homepage | Wap | Archiver
Advanced Top
Search Promotion
Search Promotion
Post New Products
Post New Products
Business Center
Business Center
 
Current Position:Home » News » General News » Topic

Russian grocer Dixy to sell more own brands to lure shoppers

Zoom in font  Zoom out font Published: 2013-03-21  Origin: Reuters
Core Tip: Russian grocery retailer Dixy said on Wednesday it would devote greater shelf space to cheaper own-branded products to attract more shoppers to its stores.
The country's food retail chains have expanded rapidly over the past few years and are now facing increased competition for consumers who often have a choice between three or four supermarkets in a single street in bigger cities.

Own-branded products tend to have less impact on retailers' margins as they are unmarketed and sold by their producers at hefty discounts for higher-volume deals.

Dixy chief executive officer Ilya Yakubson said he expected the share of such products to rise to 15 percent of sales in 2015 from 10 percent by the end of this year.

Dixy became Russia's No.3 grocery chain by sales behind X5 and Magnit in 2011 when it bought rival Victoria.

It has previously said it plans to add 350-400 stores this year and increase sales by 25-28 percent from 147 billion roubles ($4.8 billion) in 2012.

 
 
[ News search ]  [ ]  [ Notify friends ]  [ Print ]  [ Close ]

 
 
0 in all [view all]  Related Comments

 
Hot Graphics
Hot News
Hot Topics
 
 
Processed in 1.610 second(s), 16 queries, Memory 0.85 M
Powered by Global FoodMate
Message Center(0)