date:Feb 17, 2014
Russia's No. 2 food retailer, X5 Retail Group, forecast on Friday that sales growth would accelerate in 2014, driven by new store openings and higher like-for-like sales.
X5 changed its strategy in 2011 to focus on opening new stores rather than buying existing chains, but suffered operational problems as well as increased competition from aggressively expanding rivals. Investors have been hoping for a turnaround from the firm shown by sustained sales growth.
The retailer said sales in rouble