X5 Group

X5 Group
LSE: FIVE
MCX: FIVE
Industryretail
Founded2006
Headquarters
Moscow
,
Russia
Key people
Igor Shekhterman
Revenue$36.9 billion[1][2] (2023)
$2.09 billion[1][2] (2023)
$923 million[1][2] (2023)
Total assets$18.6 billion[3] (2023)
Total equity$2.46 billion[1][2] (2023)
Websitex5.ru/en/

X5 Group (previously known as X5 Retail Group and commonly known as X5) is Russia's largest food retailer.[4][5] In 2012, the organization of X5-Retail Group LLC was liquidated, and in 2018 X5 Group LLC was opened.[6][7]

The company operates several retail formats: convenience stores under the Pyaterochka brand, supermarkets under the Perekrestok brand, and hypermarkets under the Karusel supermarket [ru] brand, as well as the Perekrestok.ru online market, the 5Post parcel and Dostavka.Pyaterochka and Perekrestok.Bystro food delivery services.

The company's global depositary receipts are listed on the London Stock Exchange (LSE) and the Moscow Stock Exchange (MSE).[8]

Its share of the food retail market rose up from 47th to 42nd place among the world’s Top-250 retailers in the Global Powers of Retailing 2020 and took 11th place in the Top-50 fast-growing global retailers (according to Deloitte);[9] it was ranked 41st among the Top 50 Global Retailers (according to Kantar Consulting).[10]

In March 2021, after trials at 52 supermarkets, the group (in partnership with Visa and Sber) launched ‘pay with a glance’ biometrics at self-service checkout terminals in its supermarkets and convenience stores. The facial recognition payment system is expected to be expanded to 3,000 X5-owned stores by the end of 2021.[11]

  1. ^ a b c d "Consolidated statement of financial position at 31 December 2019" (PDF). Retrieved 19 March 2020.
  2. ^ a b c d "X5 Annual Report 2020 ENG" (PDF). X5 Retail Group. 19 March 2021. p. 267. Retrieved 19 March 2021.
  3. ^ "Annual report 2023" (PDF). X5 Retail Group. Retrieved 7 June 2024.
  4. ^ "X5 overtakes Magnit as Russia's No.1 retailer by sales". Reuters News Agency. Thomson Reuters. Retrieved June 17, 2018.
  5. ^ "Russia's Magnit falls further behind X5 as sales growth falls". Reuters News Agency. Thomson Reuters. Retrieved June 17, 2018.
  6. ^ "ООО "Х5-Ритейл Групп"". www.rusprofile.ru (in Russian). Retrieved 2023-09-10.
  7. ^ "ООО "Х5 Групп"". www.rusprofile.ru (in Russian). Retrieved 2023-09-10.
  8. ^ "X5 announces start of listing of its global depositary receipts on Moscow Exchange". London Stock Exchange plc. Retrieved June 17, 2018.
  9. ^ "Global Powers of Retailing 2020" (PDF). Deloitte Touche Tohmatsu Limited. Retrieved 2020-02-28.
  10. ^ "Kantar's 2019 Top 50 Global Retailers" (PDF). Kantar Consulting. Retrieved 2020-02-28.
  11. ^ "Forget Apps, Russia's X5 And Visa Have Launched Pay With Your Face". Forbes.