DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Retail

X5 Retail Group Opens Its 9,000th Store In Russia

By Publications Checkout
Share this article
X5 Retail Group Opens Its 9,000th Store In Russia

Russian retailer X5 Retail Group has announced the opening of its 9,000th store in Russia. The store is a new Pyaterochka supermarket, located in Sochi.

The store has a retail area of over 400 square metres and conforms to the new Pyaterochka concept, which is operated in 56 regions of Russia.

It offers a product-mix of around 3,900 products, with local products accounting for over 28% of the assortment and up to 90% for some product categories.

Igor Shekhterman, CEO of X5, commented: "Opening the 9,000th store is an important milestone on the way to the strategic goal of doubling our market share by 2020. Since the start of the year, we have opened nearly 2,000 stores, setting industry records both by the number of added stores and by the total retail space added. We are happy to open our landmark store in Sochi, one of the most prominent cities in the south of Russia."

© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Martha Sparrius. To subscribe to ESM: The European Supermarket Magazine, click here.

ADVERTISEMENT
Get the week's top grocery retail news

The most important stories from European grocery retail direct to your inbox every Thursday

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our terms & conditions and privacy policy. You can unsubscribe at any time.