News for the retail & FMCG markets

  • iGooods’ sales tripled in 2018

    …iGooods are the country’s largest grocery retailers, including Lenta, Spar, Karusel, and Metro. In 2018, iGooods carried out about 300,000 deliveries, with the average bill of RUB 3,500 (€45.50). The company plans to continue expansion and developing new services in 2019.   »

  • VkusVill stops developing Izbenka stores

    …The decision to close the Izbenka shops was announced in March 2017 when Vkusvill had in total 125 outlets under this banner. Now, the retailer wants to focus on the development of the Vkusvill chain and plans to grow it to 1,000 stores at the beginning of 2019, reported. »

  • Magnit tests cafeterias inside its stores

    …retailer is working out a new concept specialising in ready meals, including diet items and a children’s menu and convenience food. Magnit started the production of ready-to-eat food inside its stores in 2008 and now the company operates more than 450 stores with this format. »

  • Benetton opened 10 stores in 2018

    …is not planning an aggressive expansion and will focus instead on improving services and the omnichannel experience. About half of the stores that may open in 2019 will be franchised units, Mr Malich added. In December 2018, the company operated about 100 stores in Russia. »

  • Vogue Dialogue to grow in Russia

    …2017 and 2018 the retailer also built two Billionaire stores in Moscow and one Emporio Armani outlet. This year, the company plans to open only one Emporio Armani shop and wants to launch a multi-brand internet store for all of the fashion retail brands Vogue Dialogue represents in Russia. »

  • Choupette to open 10-15 stores in 2019

    …of new Choupette stores. The retailer sets up self-operated stores in Moscow while in the regions and abroad it operates through franchising. Choupette now has 75 stores in Russia, 11 in CIS countries and two shops in the U.S. and Switzerland, according to the company’s website. »

  • Urban Revivo may enter Russia in 2019

    …(€697m) in foreign expansion and wants to double its store count by 2020, primarily due to the new launches abroad and would need to build at least 20 outlets in Russia for a profitable operation, according to Marina Malakhatko, director of the commercial real estate department at CBRE. »

  • Henderson to optimise business strategy in Russia in 2019

    …Garanyan, the development director of the company. The company’s other plans include expanding the sales area of its 15 most profitable stores from 250m2 to 400m2, cancelling its 150 m2 outlet format, and shutting down 5-10 of the least profitable stores every year, Mrs Garanyan added. »

  • Russian fashion retail stagnated in 2018

    Nazar Kutereba,
    Business Editor

    The sales volume of the Russian fashion market in 2018 comprised RUB 2.36tr (€30.7bn) and recorded no growth in local currencies. The reasons for this include the sanctions against Russia, negative currency fluctuations, inflation, and a drop in the real disposable income, which forced… »

  • Bulgaria’s GDP growth to slow in 2019

    …2019. Bulgaria's unemployment rate is expected to drop from 5.3% last year to 5.0% in 2019, while salary costs are expected to rise by 2.9% in 2018 and 2.8% in 2019. Foreign debt is expected to be equivalent to 64% of GDP in 2018 and 63% this year, Euler Hermes stated, reported. »