date:Jan 24, 2014
Russia's No. 2 food retailer X5 Retail Group said promotions, better product selection and marketing drove sales growth at the end of last year, boosting its shares on Thursday on hopes it can sustain the turnaround.
Magnit became sectoral market leader by sales last year after X5 changed its strategy in 2011 to focus on opening new stores, rather than buying existing store chains, and then suffered operational problems as well as increased competition from aggressively expanding rivals.
In Oc