X5 Group announced testing of small format stores

X5 Retail Group plans to launch a pilot project with Okolo small format stores, said Vladimir Salakhutdinov, director of strategy and business development of the group. write “RIA News”.

“We have a division called X5 for Business, where we will test the franchise model for small stores. In the coming months, we plan to launch a pilot project – Okolo stores,” he said at the annual conference of the retailer X5 Dialog.

As noted at the conference, we are talking about stores with an area of ​​90 to 150 square meters. m.

X5 The Group manages the Pyaterochka, Perekrestok and Chizhik retail chains. In mid-August the group reported about revenue up to 772.04 billion rubles. according to IFRS for the second quarter of 2023. Reading the retailer’s profit increased by 15.9% to RUB 29.489 billion.

For the first half of the year, the company received revenue of 1.47 trillion rubles. (an increase of 17.3%), reported in X5. Net profit increased by 36.8% to RUB 41.6 billion, EBITDA decreased by 2.9% to RUB 100.4 billion. EBITDA margin amounted to 6.8% versus 8.3% in the same period a year earlier.