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Russian retailer Dixy September sales rise 24 pct

Zoom in font  Zoom out font Published: 2013-10-28  Views: 14
Core Tip: Russia's third-largest food retailer Dixy Group posted on Friday a 24 percent year-on-year increase in September sales, same pace as in the previous month.
The revenue totalled 14.4 billion roubles ($454.52 million) last month, bringing the nine-month result to about 132 billion, up 23 percent. Like-for-likes sales fell 0.3 percent in the third quarter but were up 2.7 percent in January-September.

Dixy has said it aims at growing revenue by 25 percent this year, compared to 21 percent on a pro-forma basis in 2012.

The company, the third-biggest domestic grocery chain by sales behind Magnit and X5, had a total of 1,667 stores as of Sept. 30, up from 1,343 a year ago. ($1 = 31.6820 Russian roubles)

 
 
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