Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  X5 Retail Group    FIVE

X5 RETAIL GROUP

(FIVE)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

X5 Retail : launches touch-free shopping via mobile app

09/15/2020 | 03:10am EST

​​Moscow, 15 September 2020 - X5 Retail Group, a leading Russian food retailer that operates the Pyaterochka, Perekrestok, and Karusel retail chains, has launched a contactless shopping system that is accessible via mobile devices. The Express Scan technology was developed in-house by X5 to boost customer safety and create a 'no wait' and checkout-free shopping experience.

The solution will be piloted at 60 Pyaterochka and 30 Perekrestok stores in Moscow. Making a purchase is as easy as scanning a product and paying for it with the mobile phone before exiting the store, with no need to use a regular checkout. To connect to the contactless shopping system, customers can download Х5's Express Scan app (iOS, Android) and register using X5 ID [1], which will enable them to scan products using their phone. The closest Express Scan-enabled store can be found using the app's interactive map.

The Pyaterochka and Perekrestok loyalty programmes have already been integrated into Express Scan. It also supports a specific store's promotions and allows customers to earn points as they usually do. The app also features full descriptions of products (contents, country of origin, weight, etc.) and the current price.

The purchase is initiated and completed with the help of QR codes that are placed in the store entrance area. Customers add products to the basket by scanning barcodes with their phone cameras, and on exit they pay with a single tap in the app or using a self-checkout. Express Scan does not support the purchase of alcohol and tobacco products. Customers can link MasterCard and VISA cards to their app profile or pay using Apple Pay or Google Pay.

For the first time in Russia, regular proximity stores and supermarkets will serve as the base for a fully contactless shopping system that will be embedded into the existing IT architecture and operating processes. In essence, Express Scan is a software solution that does not require any additional equipment and possesses multifunctional development potential. It was developed by an in-house cross-functional team at X5.

'With the world still coping with a challenging epidemiological situation, personal safety comes to the forefront. This is especially true for retail, where it dictates the choice of location and channel for food purchases. At X5, we are attuned to the needs and the customer journey of our audiences, which enables us to provide them with an optimal service offering of fully contactless, fast and safe shopping powered by user-friendly scanning and mobile payment technologies - with no cashier interaction at all. Customers will be able to just walk in, pick any product, tap 'pay' and be on their way. Our new Express Scan service will be piloted simultaneously across two retail chains, which will allow us to test multiple usage scenarios and lay the groundwork for a new shopping model that is best suited to what our customers want out of the food market,' said Igor Shekhterman, CEO of X5 Retail Group.

The pilot will run until the end of September, after which the Company will collect customer feedback and make decisions on fine-tuning and rolling out the service.

[1] X5 ID is a unified customer identification system that incorporates profile data in loyalty programmes of X5 chains and services

Download (PDF. 0.2 MB)

Disclaimer

X5 Retail Group NV published this content on 15 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2020 07:09:00 UTC


© Publicnow 2020
All news about X5 RETAIL GROUP
01/22X5 Retail Records 13% Growth in Q4 2020 Net Sales to $7.1 Billion
MT
01/22X5 RETAIL : 2020 net retail sales increase 14.3%. Digital business net sales up ..
PU
01/18X5 RETAIL : 267 tonnes of food collected and donated to people in need through B..
PU
01/15X5 RETAIL : Х5 programme helps 991 people return home in 2020
PU
2020X5 RETAIL GROUP : Ex-dividend day for interim dividend
FA
2020X5 RETAIL : Perekrestok Vprok starts Click & Collect service in Rostov-on-Don
PU
2020X5 RETAIL : pledges to achieve carbon neutrality by 2050
PU
2020X5 RETAIL : remains #1 in Russian e-grocery in 9M 2020
PU
2020X5 RETAIL : approves amended dividend policy and first interim dividend of RUB 2..
PU
2020X5 RETAIL : Perekrestok Vprok now delivers to Tatarstan and Chuvashia
PU
More news
Financials (USD)
Sales 2020 26 446 M - -
Net income 2020 567 M - -
Net Debt 2020 9 883 M - -
P/E ratio 2020 18,6x
Yield 2020 6,11%
Capitalization 10 144 M 10 144 M -
EV / Sales 2020 0,76x
EV / Sales 2021 0,70x
Nbr of Employees 269 300
Free-Float 99,9%
Chart X5 RETAIL GROUP
Duration : Period :
X5 Retail Group Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends X5 RETAIL GROUP
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 18
Average target price 45,71 $
Last Close Price 37,36 $
Spread / Highest target 56,0%
Spread / Average Target 22,3%
Spread / Lowest Target -35,8%
EPS Revisions
Managers and Directors
NameTitle
Igor Shekhterman Chairman-Management Board & CEO
Stephan DuCharme Chairman-Supervisory Board
Svetlana Demyashkevich Chief Financial Officer
Alla Antonova Head-Architecture
Anton Valkov Chief Information Officer
Sector and Competitors
1st jan.Capitalization (M$)
X5 RETAIL GROUP3.43%10 144
WOOLWORTHS GROUP LIMITED3.69%39 639
SYSCO CORPORATION1.25%38 299
TESCO PLC4.54%32 174
AHOLD DELHAIZE N.V.2.29%30 440
AEON CO., LTD.-2.07%26 998