The Russian grocery retailer the X5 Retail Group is planning to launch a chain of convenience stores under the Perekrestok Express brand name in Ukraine. The first two stores are due to open in Kyiv in 2013 and will test the express format in the country. One of them is expected to become operational on a 200 m2 site at the end of April 2012. In addition, the company’s own store retailer is ready to develop a franchise chain. In terms of wider development plans in the country, the company intends to focus on Kyiv and the Kyiv Province.
X5 operates in Ukraine through its subsidiary the Iks 5 Retail Group. The group has been present on the country’s retail market since 2004 and currently has just 10 stores there, in comparison with more than 3,800 in Russia.
Source: www.russiaretail.com