“Chizhik” became the leader in private label sales in Russia after “Vkusville” – Russia today Posting in CHAT: Russia In February, in an interview with Vedomosti, Vladimir Salakhutdinov, director of strategy and business development for X5 Group, said that there are more than 1,500 Chizhik chain stores in Russia. He noted that X5 is actively developing its own brands in all formats. “For example, the share of private labels in Perekrestok sales in January 2024 is about 23%. It continues to grow. For Perekrestok this is a particularly important point, because private label is a distinctive feature that sets us apart from other stores. very high brand recognition, some of them acquire proprietary properties. For example, “Green Line” is products for a healthy diet, produced accordingly. And this is one of the leaders of perception. Therefore, we will develop them and seriously promote them,” Salakhutdinov said. Source link Source link
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Avtodor will send money from ticket sales to victims at Crocus Posting in CHAT: Russia On March 28, Avtodor hosts an MBA (Moscow) at the Crystal sports club. The Saratov basketball club Avtodor decided to provide financial assistance to victims of the terrorist attack at Crocus City Hall. The victims will receive funds from tickets to the next Saratov match. On March 28, Avtodor will host IBA (Moscow) at the Crystal Sports Palace. Starts at 19.30. All funds from tickets for the match will be used to help the families of those killed and injured as a result of the terrorist attack in Crocus. Avtodor is the first Saratov club to announce financial support for victims of the terrorist attack near Moscow. Source link Source link
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SME sales reach highest level in recent years – Russia today Posting in CHAT: Russia According to the RSBI index, which rose to 57 points in February, sales figures in the small and medium-sized business segment returned to the growth zone and approached values comparable to the high level of mid-2019. The Index has not only the “Sales” component, which, thanks to favorable business expectations, has reached its highest values in the last 4.5 years, but also the “HR” component, which has grown to a historical high. The investment component also had a positive impact on the dynamics of the Index, which continued to grow thanks to active investments by companies in the development of their activities. Only the “Loans” component decreased, but in the reporting period this did not have a significant impact on the performance of the RSBI index, which was almost equal to the historically high values recorded last summer. “The return of the RSBI index to historical highs proves both the presence of favorable conditions for doing business and the potential for its further development, including entry into new areas of activity, as evidenced by a significant increase in sales and investments. At the same time, surveys of entrepreneurs indicate a gradual cooling in demand for debt financing in the SME segment. Then, in this regard, we can expect that while maintaining a high key rate, the issue of availability of lending to entrepreneurs for both current and investment purposes will be addressed. will become more significant and will negatively affect business activity in the segment as a whole,” said Kirill Tikhonov, senior vice president, deputy head of the medium and small business unit of PSB. Key Trends The Sales component reached its highest level in 4.5 years and entered growth territory for the first time in seven months, reflecting a significant improvement in the sales situation. Thus, only 14% of SMEs agree to reduce sales, which is 8 percentage points less than a month ago - a historical low. At the same time, the share of those who expect an increase in income in the coming months has grown to 37% - this is the maximum over the past five years. Assessments of the actual sales situation have deteriorated somewhat, which, however, reflects the end of the “hot season”: 18% of respondents noted an increase in sales compared to 20% a month earlier. The personnel component has returned to a record level: in conditions of intense competition for personnel, entrepreneurs are focusing on retention of specialists. Thus, in February, only 15% of companies had layoffs – at least since May 2022. At the same time, 14% of respondents increased the number of employees compared to 12% in January. The share of SMEs planning to expand their workforce increased from 28% to 31%, the highest level since July 2023. The investment component is at its July maximum due to the greater focus of entrepreneurs on business expansion. The share of SMEs increasing business investment rose to 25%, the highest level since autumn 2021. And the share of those who plan to develop investment activity within a month increased by 4 percentage points – to 35%, a historical maximum. The Loans component, the only key component, declined due to continued pressure from high credit scores. In February, 15% of entrepreneurs received loan approval, which is 3 percentage points less than in January. At the same time, 2 percentage points more SMEs already had an existing loan – 14%, which was a consequence of increased demand for financing in January. The proportion of SMEs not receiving a loan, either due to actual refusal or uncertainty about whether it will be approved after applying, has risen to a record 11% over the past 10 months. RSBI Business Size Indexes for all business sizes show strong growth in business activity. The small business index rose for the fourth month in a row. This segment saw a noticeable increase in SME sales optimism, as well as an improvement in real employment. In microbusinesses, business activity has also been growing since December only because of expectations: plans to expand staff and increase the availability of financing. A significant increase in business activity, despite a slight decrease in its pace, is demonstrated by medium-sized enterprises. Rising incomes and investment expectations were offset by lower lending activity and difficulties with effective employment. RSBI Activity Index In February, business activity growth in all areas of SME activities accelerated. In the manufacturing segment, the figure reached a record level, supported by an overall improvement in sales and increased investment. The growth rate of business activity in trade and services is slowing down due to the seasonal decline in consumer activity. Source link Source link