In Russia, X5 Retail Group has announced that its consolidated net sales jumped 10.4 per cent through the third quarter of 2012, climbing to RUB116bn (€2.8bn), driven by sales growth at Pyaterochkas, organic store growth at supermarkets and ongoing promotional activities.
However, the company's like-for-like sales for the quarter dropped 0.7 per cent, as customer traffic fell 2.5 per cent, although there was an increase in like-for-like sales at convenience stores of 11.6 per cent.
Indeed, small-store formats such as Perekrestok Express and Pyaterochka outperformed the larger outlets such as Perekrestok supermarkets and Karusel hypermarkets, the group noted.
