There is a new rising star on Europe’s retail horizon. Russian X5 Retail Group, pushing its proximity discount banner Pyaterochka beyond the Urals, will claim its place among the long-standing top 10 grocers by 2022.
Dixy Group announced that it will file an application to delist the company’s shares from the Moscow Stock Exchange. In an extraordinary shareholders’ meeting 80.5% of votes were cast in favour of buying back all company shares.
Russian multi-format retailer Dixy Group is consolidating its store network. The retailer has closed almost 100 stores during the first half of 2017 and has decreased its new store opening plans from 180 to around 50-60 for this year.
This week, LZ Retailytics takes you to Russia. Each day, we will be exploring the different banners which shape the Russian retail landscape. Today we look into the dynamics of the market. By 2021, the six largest Russian grocery retailers will near half of organised trade.
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