Support The Moscow Times!

Dixy Sales Growth Slows

Russia's third-largest food retailer Dixy Group said Wednesday that its same-store sales growth slowed in the second quarter as competition increased.

Dixy's like-for-like sales — an indicator of performance excluding expansion — grew by 3.5 percent in the second quarter after a 5 percent rise in the preceding period, as it saw an outflow of shoppers with the number of bills down almost 2 percent after a rise of 0.4 percent in the first quarter.

Dixy's total first-half sales amounted to 87 billion rubles ($2.69 billion), up 23 percent — or 25 percent when adjusted for a leap year effect as its stores operated two days less in the first half of 2013 than in the same period of 2012.

The company expects full-year 2013 sales to increase by 25 percent compared with 2012.

Read more

We need your help now more than ever.

Independent media outlets and journalists in Russia are being increasingly targeted with “foreign agent” and “undesirable” labels, threatening the existence of the free press day by day.

Your donation to The Moscow Times directly supports the last independent English-language news source within Russia.