Leading Russian retailer X5 has posted a 13% increase in first-quarter sales due to increased traffic and rising basket spend.
Go deeper with GlobalData
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.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData“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.”
