date:Jan 24, 2014
tober, X5 cut its 2013 sales growth forecast to about 8 percent from 11 percent after growth slowed to 6.6 percent in the third quarter.
In a statement on Thursday, X5 said sales jumped by nearly 12 percent year-on-year in the final quarter of 2013 and rose by 8.7 percent to 532.7 billion roubles ($15.7 billion) in the year overall.
Like-for-like sales rose 3.9 percent year-on-year in the fourth quarter and 0.7 percent in 2013 as a whole.
X5 said it will continue to open new stores and go ahe