News | 1.5 per cent

Back

Leroy Merlin Russia manages at least a modest sales increase in 2017

In 2017, Leroy Merlin Russia increased its sales by 1.5 per cent.

In 2017, Leroy Merlin Russia increased its sales by 1.5 per cent.

Leroy Merlin continues to grow in Russia. While most of its competitors saw a downturn in their fortunes in 2017, Leroy Merlin Russia (Groupe Adeo) at least managed a modest increase, posting a 1.5 per cent rise in sales.

The chain's retail area grew by as much as 22 per cent. In an interview with retail.ru, Vicent Gentil, the general director of Leroy Merlin Russia, forecast growth of five to six per cent for this year. Thanks to the twelve Kesko stores recently acquired, the company will this year comfortably exceed its previously envisaged target of 20 new openings a year, involving a volume of investment of 30 bn roubles. Given the current total of 87 outlets, Gentil foresees potential overall for 300 stores in Russia.

The acquisition of the Kesko stores, eight of which are located in Saint Petersburg, advances the development of the chain by ten years at a stroke in Gentil's opinion. All the stores taken over will be closed for six months to switch over the concept and for rebranding.

The proportion of online retailing is expected to increase in the next five years from one per cent at present to seven to eight per cent. Another of Leroy Merlin Russia's strategic aims is to grow the share of B2B business of 20 per cent hitherto to 50 per cent.

|16 March 2018


More about the company
SEND
 PRINT 

Post a comment

* Please complete the areas marked in red correctly and in full!.



(will not be published)

* obligatory fields


Latest news

Epicentr expands with smaller format

The Ukrainian DIY market leader Epicentr continues the expansion of its slightly smaller format. The company opened the seventh store in this format View news...

French DIY market growing, DIY sales declining

The do-it-yourself market in France grew by 0.4 per cent to a volume of EUR 26.0 bn in 2018. However the DIY stores made 0.3 per cent less sales View news...

Easter Greetings!

We wish all users of DIYinternational.com and all our advertisers a Happy Easter. The team of Dähne Verlag View news...

Homebase cuts losses following closures and job reductions

Following its acquisition by Hilco Capital in June 2018, the British DIY chain Homebase has substantially reduced its losses. A press release states View news...

Actual figures

Statistics Home Improvement Europe


Statistics Home Improvement
This brochure provides a competent overview of the situation in the Home Improvement sector in 31 European countries.

Order now!

6th Global DIY Summit 2018

Pentrilo, painting tools

Pentrilo

Pentrilo: The future of the painting tools

More than 1 100 participants came to the 6th Global DIY Summit in Barcelona. Here are the portraits of some of the most important companies that exhibited at the International Congress Exhibition.

Gallery