X5 Group news

 
21 April 2017
Three of the largest Russian retailers, X5, Magnit, and Lenta have released their Q1 2017 results. We look at the retailers’ performance and their expansion plans for the year ahead. X5 maintains dynamic growth in 2017 X5 continues to enjoy a robust performance, with a 26.4% growth in net sales in Q1 2017. X5 sales were driven by a 7.3% like-for-like sales growth and the opening of 639 Pyat...
12 April 2017
X5 announced plans in implementing its bold growth strategy across Russia. Learn about the strategies that X5 will use in 2017 to support its plan. X5 to create a Coop-Pyaterochka brand for rural Russia X5 signed a five-year cooperation agreement with the Central Union of Consumer Societies of the Russian Federation (Centrosoyuz) to open 1,000 new stores in remote rural areas under the join...
26 January 2016
X5’s unaudited 2015 revenues grew by 27.3% to RUB804.1 bn (USD14.5 bn), while its like for like sales grew by 13.7%, partly driven by double digit food inflation. X5 almost doubled the number of store openings from 939 in 2014 to 1,537 stores and closed the year with 7,020 stores. As part of the ongoing rationalisation programme, X5 closed 62 Pyaterochka stores, 15 Perekrestok stores, one Kar...