X5 Retail Group, Russia's largest retailer by sales, reported an 8.3% rise in net sales for fiscal 2012, driven by higher revenues at the group's discount formats. The company said net sales for the year grew to RUB490.09bn (US$16.2bn) in ...
Tags: X5 Retail Group, net sales, discount format
The board of Russia's X5 Retail Group has nominated interim CEO Stephan DuCharme to take the post permanently, as new figures show that store openings lifted the firm's sales in 2012. DuCharme, who's appointment is still subject to ...
Tags: X5 Retail Group, Russia, CEO, Stephan DuCharme
Wal-Mart has appointed Lev Khasis to the post of president and chief executive of new formats at Wal-Mart International, in a move the retail giant indicated would enhance its ability to develop new formats. Khasis has worked at Wal-Mart ...
Tags: Wal Mart, retail, new formats, food
Russian retailer X5 Retail Group has reported a fall in half-year sales, although there are signs its performance could be improving. In the six months to the end of June, like-for-like sales dropped 2.5%. However, the decline in ...
Tags: X5 Retail, half-year sales, fall, like-for-like sales
The CEO of Russian retailer X5 Retail Group Andrei Gusev has quit after just one year in the role. Gusev's departure is effective immediately, X5 said today (13 July), but he will remain with Russia's largest retailer by sales in an ...
Tags: X5 Retail, Andrei Gusev, departure, Gusev, resignation
Russian grocery retailer Magnit has booked a 142% jump in first-half profit, driven partly by higher sales. Magnit said today (24 July) its net profit for the six months to the end of June rose to US$339.6m. Sales increased by 33%, ...
Tags: grocery retailer, Magnit, first-half profit, higher sales, net profit
Russian retailer X5 Retail Group's bottom line improved in the third quarter year-on-year - but its sales slid and operating profit fell. X5 booked a net profit of US$12.1m for the three months to the end of September, compared to a ...
Tags: X5 Retail, sales, operating profit, bottom line
Jan Fuchs has become the latest senior executive to leave Russian retailer X5 Retail Group. Fuchs, the head of X5's hypermarket operations, had "decided to leave the company", X5 said in a statement yesterday evening (28 August). The ...
Tags: Jan Fuchs, senior executive, X5 Retail Group
Russian grocery retailer Magnit has booked a 142% jump in first-half profit, driven partly by higher sales. Magnit said today (24 July) its net profit for the six months to the end of June rose to US$339.6m. Sales increased by 33%, ...
Tags: Magnit, grocery, profit, company news, sales
X5 Retail Group has booked a 20.6% decline in first-half profits, with declining sales and margins hitting the bottom line and currency exchange dampening comparisons. The company said today (21 August) net profit slipped to US$135.2m in ...
Tags: retailer, net sale, report, X5 Retail Group
UK dairy farmers this week gathered at a summit in London to air their views on recent cuts in prices to liquid milk and the implications of the cuts. In the US, PepsiCo and Müller made the much-anticipated launch of their yoghurt ...
Tags: dairy, liquid milk, yoghurt, PepsiCo, dairy farmers