May 16, 2021

Advertise with us
HOME REGIONS Russia & CIS › sales climb in first quarter sales climb in first quarter

by Stuart Wilson, Friday 19 April 2013

Russian retail giant has reported total sales up 12% year-on-year for the first quarter of 2013 at US$1.38 billion. The company opened nine new stores in the first quarter pushing its total selling space in Russia to 544,000 square metres.’s like-for-like store sales were up 2.2% year-on-year. The retailer saw a 69% year-on-year increase in online sales, which hit US$50.7m in the first quarter of 2013.

The nine new stores extended’s retail reach into six new cities and took the total number of stores to 303 in 133 cities across Russia. During the quarter the retailer closed two stores – one in Moscow and one in St. Petersburg.

Alexander Tynkovan, president and CEO at, commented: "We demonstrated solid sales performance even with the very strong numbers showed by the company in the previous year.”

“We believe that the consumers appreciate our pioneering omni-channel proposition which is clearly supported by our online sales growth of 69% in the first quarter,” he continued. “We are proud that customers have chosen brand as the number one brand in the Russian consumer electronics retail.”

He continued: “We continued our network expansion, opened nine stores and added six cities in this quarter and are committed to opening 35 new stores as well as 20 new internet cities during the year.”


DISTREE Russia & CIS is the region’s premier annual channel event for vendors looking to manage, build or launch channels in this strategically important market. Leading retailers, resellers and distributors from across Russia & CIS attend the event, allowing vendors to accelerate their channel development and drive business success across Russia & CIS.

DISTREE Russia & CIS operates a unique business model based on an ‘invitation only’ event format, offering a compelling mix of pre-scheduled one-on-one meetings, keynotes, awards and networking opportunities for vendors and channel executives operating in the Russia & CIS region. For more information, visit

DISTREE Russia & CIS 2013 is scheduled to take place place at the Pulkovskaya Radisson Hotel in St. Petersburg from June 25th to 27th. Vendors wishing to attend the event should contact quoting code DRU13.


Print this page  Recommend this article  Reply to this article   Digg   Technorati

May, 2021

Advertise with us


Register here

Press Releases

Upload your PR here

Advertise with us