Food Retailer Dixy Posts 25% Sales Increase in October

By The Moscow Times

Nov. 14, 2013

The country's third-largest food retailer, Dixy Group, posted Thursday a 25 percent year-on-year increase in October sales after a rise of 24 percent in the previous month.

Revenues totaled 15 billion rubles ($457 million) last month, bringing the ten-month result to about 145 billion, up 23.5 percent.

Dixy said earlier it aimed to grow revenue by 25 percent this year, compared to 21 percent on a pro-forma basis in 2012.

The company, the third-biggest domestic grocery chain in Russia by sales behind Magnit and X5, had a total of 1,694 stores as of Oct. 31, up from 1,372 a year ago.

… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue