Fix Price, one of the leading variety value retailers globally and the largest in Russia, revealed its Q4 and FY 2023 results on February 28, 2024, highlighting a network growth with 252 net new stores and a 13.5% year-on-year growth in total selling space to 1,390.6 thousand sqm. LFL sales saw a slight decline of 0.9% due to softer consumer demand. The quarter witnessed a shift in the assortment mix, with non-food items accounting for 50.2% of retail sales. The company also tested a new price point of RUB 399, and the total number of registered loyalty cardholders reached 25.7 million, with transactions using loyalty cards representing 60.9% of total retail sales.
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