The premium grocery retailer Land is negotiating on the lease of premises in the Plaza shopping centre in Barnaul. The outlet would operate as a Land franchise store. The retailer claims that it has signed a franchise agreement with a Barnaul partner.
Today, Land operates nine stores in St. Petersburg, and another, in Narodnogo Opolchenia Avenue in the city, has been opened on 12 December. The Barnaul launch will represent a totally new regional market for the network.
In 2012 the company’s annual revenues came to RUB 2.5bn (€55m). As PMR reported in November, in 2013 the company expects to boost its revenues by 28-30% year on year, to RUB 3.2bn (€71m), excluding VAT.