X5 Retail Group

X5 Group started testing a new store format under the brand Jam Perekrestok with an area of up to 300 square meters and a reduced assortment. About 60% of products are fruit, vegetables, dairy products, ready meals, baked goods and other. The share of STM goods is 30%, with a special focus on "Green Line" products for healthy eating. The first store has alre...

X5 Retail Group

Shareholders of X5 Group approved dividends for 9 months 2021 in the amount of ₽73.65 per GDR. The last day of purchase of securities to receive dividends is December 15, 2021. Dividend yield may amount to 3.41%.

X5 Retail Group

Court of Appeal has ruled that the additional tax and fines of ₽2.4bn payable by Perekrestok Trading House (owned by X5 Group) were lawful. The tax authority's claims relate to transactions within the framework of X5's internal restructuring of its business in 2013-2014.

X5 Retail Group

X5 Group launches its own banking service under the X5 Bank brand. At the first stage, the service will offer digital cards that combine the functionality of the loyalty card of the Pyaterochka and Perekrestok retail chains, as well as banking services: payments, money transfers, receiving ruble refunds for purchases, etc. The digital card is already availab...

X5 Retail Group

X5 Group jointly with Alfa-bank has established a subsidiary, X5 Financial Solutions LLC. The structure was created to implement a number of new projects and products within financial services under the X5 bank brand. The retailer and Alfa-bank each own 49.99% of X5 Financial Solutions, with the remaining 0.02% owned by Alfa Investments.

X5 Retail Group

X5 Group launched a pilot service project of three package subscription options for a wide audience. The combined subscription combines discounts on merchandise in the check, upgrades in loyalty programs, free services, and gifts. Each of the three subscription options features an anchor offer: 5% cashback from Pyaterochka, 10% from Perekrestok, or both from...

X5 Retail Group

X5 Group's discounter chain Chizhik will reach profitability after 2024, the retailer's CFO Vsevolod Starukhin said. X5 plans to open 3,000 such stores in the next 3 years, which will reduce profitability during this period by about 80 bp.

X5 Retail Group

X5 Group's IFRS net income for 9M 2021 was ₽34.783bn, up 30.7% from ₽26.614bn in the previous year. Revenue increased 10.2% to ₽1.597 trillion compared to ₽1.449 trillion a year earlier.

X5 Retail Group

The retail chain Perekrestok, which belongs to X5 Group, has added the function of shopping with the help of Express-scan to its mobile app. In order to buy goods it is enough to scan the QR-code at the entrance, confirm the store and then scan the barcodes of all selected products. It is also possible to pay for purchases directly in the application, bypass...

X5 Retail Group

X5 Group's net retail revenue for 9M 2021 was ₽1.58 trillion, up 9.8% versus ₽1.439 trillion in the previous year. The average check was ₽426.2, up 1.6%. Retail space increased 6.9% to 8,212,057 square meters. Net revenue for digital businesses was ₽31.699 billion, up 2.7 times from ₽11.557 billion in the same period last year.