date:Apr 17, 2014
Russia's second-biggest food retailer X5 Retail Group has reported a pick up in its sales growth in the the first quarter of its fiscal year.
According to figures released by the company, net retail sales grew 13.9% during the January-March period, year-on-year, to 143.9 billion rubles ($4 billion), building on the 11.9% rise in the previous quarter.
Like-for-like sales were up 6.3%, year-on-year, after a rise of 3.9% in the final quarter of 2013.
X5 currently operates 4,618 stores, includi