date:Jul 25, 2013
Russia's third-largest food retailer Dixy Group (DIXY.MM) said on Wednesday its same-store sales growth slowed in the second quarter as competition increased.
The country's food retail chains have expanded rapidly over the past few years and are now facing increased competition for customers who often have a choice between three or four supermarkets in a single street in bigger cities.
Dixy's like-for-like sales - an indicator of performance excluding expansion - grew by 3.5 percent in the sec