Last week it became known that the list of Sberbank’s retail assets might get replenished with one of the major regional retailer in its receipts – the Vester group from Kaliningrad. Sberbank-Capital Ltd. has settled the question of receiving the control over the network in exchange for restructuring the group’s debts a 6 billion rubles. This deal will make the Sberbank’s sister company the third major retail player in Russia after X5 Retail Group and Magnit.

The Vester group explained the reason of technical default – on August, 21st the company failed to pay off the offer on debut loan obligations.

The representatives of Samtorg Ltd., the operator of Samokhval network, informed their suppliers of achieving the preliminary arrangements on purchasing a franchise from Kopeyka.

The networks Magnit, X5 Retail Group and Caffefour resumed the working results for the first half 2009. The net receipts of Magnit increased a 147%. X5 Retail Group reserved the EBITDA margin at the level of 8.7%. The net loss of the French retailer Caffefour came up to 58 million euro. The Diksi group of companies reported their working results for 7 months – the retailer’s receipts increased a 16% and came up to 31 172 million rubles. 

In spite of the crisis events in economy, new retail projects continue to appear and open. The product store Nizkotsen is only present at the Omsk market for one month, but it has already achieved the operational make-out. The new project was launched in the format of “a stock store” (the average price markup doesn’t exceed 10%), and it’s bringing profit to the owners from the very first working days.

The company Aroma group developing the network of 170 Aromatnyi Mir alcohol supermarkets is investing the new retail sector – the culinary stores Delicate Fresh.


Russian retailers from different industries actively started using the possibility of internet-selling. This year two supermarket bonus-segment networks – the seventh Continent and Azbuka Vkusa – started rapid developing the network’s product sales.

Sulpak, the network of household appliances from Khazakhstan, along with Eldorado launched their internet-shop and plan to take 15% of the internet-market till the end of the year.


Mobile retailers are mastering a new product – notebooks. The computer retail business is rather skeptical about their plans.

Nokia, the world major mobile producer, launched its notebook production. This might compensate decrease in its proceeds in the main business.


Last week was rich in sad news for the retail business. In the second half 2009 the Swiss watch producer Swatch Group hopes to improve its financial indices at the expense of the countries where the slump is lowering. After the first half 2009 the company decreased its sales at 15% in comparison with the same period in 2008.

The German fashion house Escada suffering losses for quite a long time has lately announced the bankruptcy procedure. The investors already got interested in it. The experts are sure that the brand has a great potential and can easily survive.

On August, 23rd all the stores of the clothes network Yax! stopped functioning. Not only were 21 of its own selling points closed, but also 50 of the partner ones.

The book network Bookbery controlled by Oleg Deripaska, which entered top 10 retail book sellers, will stop functioning this year. On August, 26th the Moscow Arbitrage Court registered an action of Bookbery Trade company’s bankruptcy.

The criminal case of Evgeny Chichvarkin, the ex-owner of Euroset, will be transferred to a separate investigation, in order to start the trial over his ex-employees. Soon Evgeniy Chichvarkin will be procedurally separated from his partners, whose trials are almost finished by the Investigation Committee of the Prosecutor’s Office.

The digest was prepared by Retailer.RU and was translated by iTrex company. Itrex is a translation bureau. It offers written and oral translation, notary certification and a lot more. Itrex does work with every language: European, Eastern languages and others. Itrex does work with every topic: technical, legal, financial, business, etc.

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