Starting November 1, X5 Group will double the number of product categories in Pyaterochka and Perekrestok, the profit margin of which cannot exceed 5%. This is stated in the company’s message.
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The measure will last until the end of February and will cover sunflower oil, sour cream, fermented baked milk, apples, cheese, frozen fish, pork, chicken, broth meat and category eggs. C2. X5 Group emphasized that the restriction will affect 1 or 2 of the most popular products in the low price segment in each category.
Since December 2020, X5 retail chains have set a zero profit margin for seven products, including pasta, bread, beef stew, black tea, potatoes, cereal flakes and UHT milk. In December 2021, the company capped profit margins on premium products at 10% for more than 20 socially significant categories. Starting in 2022, a 5% profit margin will be applied to vegetable borscht, milk, cottage cheese, kefir, butter, sugar, bread and bakery products.
In September, the FAS requested data from 14 federal retail chains to analyze the formation of prices for socially significant products: bakery products, dairy products, meat products and vegetable borscht. If the service identifies an unreasonable increase in cost, it may take antitrust action.
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
