Leading Russian retailer X5 has posted a 13% increase in first-quarter sales due to increased traffic and rising basket spend.
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X5 said today (10 April) that 8% of the increase in sales was due to rising customer traffic, while 5% resulted from increased customer spending.
The company’s sales in Moscow rose by 16% in the period, while sales in St. Petersburg were up 9%. X5’s regional sales increased by 7 percent, year-on-year, the company said.
X5 created in last year after a merger between discounter Pyaterochka and supermarket chain Perekryostok.
X5 said sales at its Pyaterochka outlets rose by 8% in St. Petersburg, 16% in Moscow and 35% in other regions. Meanwhile, sales at its Perekryostok chain were up 17% in St. Petersburg, 17% in Moscow and 2% elsewhere.
“We are very pleased that all our brands have shown strong operational performance on the back of successful integration and positive macroeconomic factors,” X5 CFO Vitaly Podolsky said. “Both chains somewhat exceeded our expectations on like-for-like sales performance while staying firmly on track.”
