Premium-class food store chain “Globus Gourmet” is planning to open four new stores in Moscow and St. Petersburg after having frozen the expansion program during the crisis. At the moment the chain operates seven stores: one in St. Petersburg and the rest – in Moscow. Investment in the new openings may reach RUR 600m. The retailer’s recovery is due to the significant increase of the average basket and customer traffic (2010 they grew by 10%). Other premium-class chains have also noticed this trend: “Azbuka Vkusa” and “Sedmoy Kontinent” are also opening new stores.
Source: www.foodnewsweek.ru