Russia’s largest retailer X5 Retail Group, reported rise in sales in 2008.

Some of Russia’s largest grocery retailers have so far, despite the deteriorating financial situation in Russia, proved resilient to the downturn, reporting buoyant sales growth in 2008.

X5 Retail Group, Russia’s largest retailer in terms of turnover, reported a massive 53% rise in sales in 2008. X5’s incredible sales growth, came on the back another incredible achievement – the company opened 233 new stores in the year, including the 24 Karusel hypermarkets which it acquired in June 2008. Growth through organic store openings and acquisitions, combined with a solid like-for-like performance (+22%), ensured that X5 remained ahead of the pack in 2008.

This put the group, which operates over 1,000 stores under several formats including hypermarkets, supermarkets and discounters, in a strong position to confront a difficult market in the year ahead.

Magnit, which operates over 2,000 convenience stores and 14 hypermarkets in the Russian Federation, revealed a 44.0% rise in sales in December and a like-for-like increase for the year of 18.8%. Seventh Continent, the largest grocery chain in Moscow, reported a 22.5% rise in sales in 2008.

The company increased its selling space by 17% in 2008, opening 14 new stores, including three hypermarkets. The retailer now operates a network of 140 stores in Russia, including 131 supermarkets and nine hypermarkets.

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3 Responses

  1. Salubris GmbH

    “We care for your Health”.
    Wednesday, 28 Jan 2009
    Dear Ladies & Gentlemen,

    We refer to your contact received through the internet and It is our pleasure to present our company profile to you. We take this opportunity to outline our activities to you. (Please forward us the contact details of the your buyers for Food & Non-Food products as we cover non-food like Garments, Home Decoration & Leather accessories as well for direct business from our offices in Asia).

    In Food we are Private Label specialists already packing Teas, Spices and Honey for leading Discount store chains in Germany like PLUS and NORMA.

    Salubris GmbH (Salubris means well-being). Our goal is to provide quality food and natural products with best possible solutions to meet our client’s requirements. Our high-quality products, quality checks & infrastructure have made it possible to get all the European required certifications such as ISO 9001:2000, BRC, HACCP, DE-013 Öko board of control and IFS certification meeting all required testing norms.

    In the mean time, we have come out with yet another wellness tea range along with new honey flavours with berry’s also in fruits especially for the children & Adults alike. We will appreciate, if you can confirm appointment for us to visit your office to discuss and to know your interest in a personal meeting.

    We concentrate our abilities in Food Products in the following area for our clients in Europe:

    Organic / Conventional:

    – Tea (Herbal Tea, Fruit Tea, Black and Green Tea, Special flavoured Teas.)

    – Honey in different sorts
    – All types of Spices.

    Conventional Products :

    – Ready to eat, Chutneys, Snacks & Rice mix & Lentils

    – Sauces and Marinades

    Natural Products:

    – Natural cosmetic, soaps, &- Massage oil.

    -100% Natural Wash Nuts.

    Please visit our Web site at http://www.salubris.biz for further information.

    We look forward to the opportunity to meet you personally for a meeting with our complete range. Our meeting will result in some information from you with regard to your interest in our products and to arrange samples for your kind consideration. It will also help us to know your quantity to enable us to work out the logistics and to quote you prices up to your required destination.

    Salubris GmbH is listed as suppliers with PLUS & NORMA and takes part in their Global Enquiry. Currently after our meeting with buyers from REWE, METRO, MARKANT & AGENOR we have been also accepted as listed suppliers to take part in their tenders for quoting our prices.

    We would appreciate, if you can confirm an appointment so that we could meet you along with your desired samples to discuss your requirements in detail. Kindly also include us in your enquiries to quote prices. We also welcome you for factory inspection prior to working with you.

    Please send your E-mails to v.broota@salubris-gmbh.de or broota@online.de

    Thank you once again for your interest and time.

    Kind Regards

    Yours sincerely

    Vinod Broota

    SALUBRIS GmbH

    ( Marketing office)

    Heinrich -Holtschneider-Weg 40

    40489 Düsseldorf

    Tel : 0211 – 4369071

    Fax : 0211- 4369073

    Mobile : 01737246133

    e-Mail : broota@online.de

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