Enes
Moscow
Go to mobile

LATEST NEWS

23:55 23-06-2018
Sales of luxury housing in Miami jumped by 24%
23:55 22-06-2018
Sales of luxury housing in Miami jumped by 24%
23:40 22-06-2018
Russia and Uzbekistan agreed on nuclear power plant construction
23:19 22-06-2018
South Korean Kogas may take part in Arctic LNG 2 project
22:58 22-06-2018
Mongolia is building its first oil refinery to reduce dependence on Russia
22:33 22-06-2018
30 accidents occurred at Moscow construction sites in 2018
22:10 22-06-2018
St. Petersburg real estate draws more investments than that in Moscow
21:46 22-06-2018
Monument to Soviet citizens died in forced labor will be installed in Germany
23:53 21-06-2018
Ronald Reagan home in Los Angeles is put up for sale for $7 million
23:32 21-06-2018
Number of transactions with housing in Spain increased by 30%
23:06 21-06-2018
Fears of investors led to slowdown in mortgage rates in USA
22:48 21-06-2018
Washington Times: construction of North Stream 2 is more than just pipeline project
22:24 21-06-2018
Health center with aquazone for hydrotherapy to be built in Moscow
22:01 21-06-2018
Experts explain why demand for apartments in Moscow grew tenfold
21:35 21-06-2018
Unique hotel designed by Zaha Hadid Architects opens in Macau
23:56 20-06-2018
Property in Sydney and Melbourne falls in price
23:34 20-06-2018
Private investors show interest in Romania’s housing market
23:18 20-06-2018
Russia imposes additional tariffs on U.S. road construction equipment
22:57 20-06-2018
Moscow holds tender for bus depot construction worth $23 million
22:32 20-06-2018
9-storey hotel with lawns to be built in center of Moscow
22:00 20-06-2018
500,000 vehicles crossed Crimean bridge, with bus share growing
21:26 20-06-2018
$6.8-billion Vancouver airport expansion is launched
23:49 19-06-2018
80% of families in Latvia cannot afford to buy housing
23:05 19-06-2018
Sales of new housing in Israel are slowing down
22:41 19-06-2018
New residential projects in Monaco are in high demand
22:22 19-06-2018
Russian Railways may take part in ambitious Latin American project
21:57 19-06-2018
Japan invites foreign builders: “We need people who will start immediately”
21:32 19-06-2018
Erdogan plans to build third nuclear power plant in Turkey. Who will implement it?
21:04 19-06-2018
Nord Stream 2 AG received almost all pipes for construction
23:54 18-06-2018
BIM-technologies used in construction of eight World Cup stadiums in Russia
All news

ARCHIVE NEWS

«    June 2018    »
MonTueWedThuFriSatSun
 123
45678910
11121314151617
18192021222324
252627282930 

X5 Retail plans to open up to 2,000 stores in Russia

logo russianconstruction.com
X5 Retail plans to open up to 2,000 stores in Russia

X5 Retail Group, running the network of “Pyatyorochka”, “Perekryostok” and “Karusel” stores, plans to open 1,800 – 2,000 stores in Russia, the company's CEO, Igor Shekhtermann, said over the course of a phone conferencing on Wednesday.


However, according to the company's financial director, Elena Milinova, X5 Retail Group could open much more store units. “The question is of whether we will be able to underpin the profitability according to EBITDA at a stable level, if we open, for example, 3,000 stores. That is the question. This will limit our capacity to open stores and our stability”, - said Elena Milinova.

Last year, the retailer opened 1,537 stores, having increased its trade area by 760,931 square meters.

X5 Retail Group is one of Russia's leading grocery retail companies, which is running 7,936 stores.

Related publications

PARTNERS

UP