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Х5 Retail Group plans to open 2,000 new stores per year

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Х5 Retail Group plans to open 2,000 new stores per year

X5 Retail Group, which manages chains of Pyatyorochka, Perekryostok and Karusel, plans by the year 2020 to maintain CAPEX at a level of about 80 billion rubles per year and to open over 2,000 new stores annually.

 

This is what one of the participants of a meeting with the management within the framework of a road show of the retailer’s Eurobonds, X5 CFO Dmitry Himmelberg told Interfax news agency.

According to him, until 2020 the company is going to grow under the principle of “2,000 Plus” stores per year, which will allow to double the business from the point of view of the number of stores, as well as a revenue. Network growth will primarily be achieved through organic growth.

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