Russian Retail Market: the Number of Hypermarkets Grew by 50% a Year

2004 there were recorded 61 hypermarkets in Russia, in 2007 there were already 214. 2008 the growth declined by 27%, in 2009 there were only 2 new hypermarkets opened. 2010 the growth accelerated again and the number of hypermarkets grew by 16% and reached 318 (not including cash&carry format stores).

Source: www.product.ru