X5 Retail Group

Russian grocery retailer X5 Retail Group could launch an e-commerce banner called E5 in the second half of 2012, according to reports.

The proposed website would allow consumers to order goods online and pick them up in Pyaterochka, Perekrestok and Karusel stores, Planet Retail reported.

Russia's leading retail group set up joint venture company IT Business in October 2009, but sold its stake in May 2011.