PMR Insight: Number of discount stores in Russia still growing

Anna Sidorowicz-Pokrywka, Retail Analyst, PMR
The four largest grocery retailers in Russia in terms of sales revenues that also operate discount chains as one of their retail formats – X5 Retail Group, Magnit, Dixy Group and O’Key Group – opened a combined 1,825 discounters net during the first half of 2017, or 44.5% more than in the corresponding period in 2016. X5, the leader of the country’s grocery market by sales, contributed the most to this impressive result, adding 1,325 Pyaterochka discount outlets net, or 73% of the total. X5 was followed by Magnit, which launched almost a third as many (593) of its…

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