| 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 » Marketing & Retail » Retail » Topic

Sales At Russia's X5 Up 13.9% In Q1

Zoom in font  Zoom out font Published: 2014-04-17  Views: 20
Core Tip: Russia's second-biggest food retailer X5 Retail Group has reported a pick up in its sales growth in the the first quarter of its fiscal year.
Russia's sec X5ond-biggest food retailer X5 Retail Group has reported a pick up in its sales growth in the the first quarter of its fiscal year.

According to figures released by the company, net retail sales grew 13.9% during the January-March period, year-on-year, to 143.9 billion rubles ($4 billion), building on the 11.9% rise in the previous quarter.

Like-for-like sales were up 6.3%, year-on-year, after a rise of 3.9% in the final quarter of 2013.

X5 currently operates 4,618 stores, including 3,966 Pyaterochkas, 384 Perekrestok outlets, 81 Karusel hypermarkets and 187 Express convenience stores.

Last week, rival Russian retailer Magnit posted a 7.5% rise in first-quarter like-for-like sales. The retailer's net sales were up 25% at 163.95 billion roubles.

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

 
 
0 in all [view all]  Related Comments

 
Hot Graphics
Hot News
Hot Topics
 
 
Powered by Global FoodMate