The premium class supermarket chain “Azbuka Vkusa” is planning to launch more than 7 new stores in Moscow and Moscow region. The retailer is also considering expansion opportunities in St. Petersburg, Yekaterinburg and Kiev.
Since 2008 the company has almost doubled the number of stores: it has increased from 24 to 40, which is quite a good growth rate for the “premium” segment.
Since the beginning of the year the chain has already opened 3 new stores, and operates the total number of 40 outlets. Opening of one store requires a USD 3m investment and USD 4m including the whole range of goods.
Source: www.retailer.ru