Discount store formats are driving sales and profit growth
at X5 and rival retailer O'Key Group , the companies
said last week, following a trend in which consumers battling
inflation and economic decline have switched to cheaper goods.
($1 = 81.7500 roubles)
(Reporting by Olga Popova and Alexander Marrow
Editing by Tomasz Janowski)
MOSCOW, April 27 (Reuters) - Russia's leading food
retailer X5 Group on Thursday said its first-quarter
revenue had risen 15.2% year-on-year to 696.4 billion roubles
($8.52 billion), driven by expansion in its selling space and
"solid" like-for-like sales.
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